Joseph Pettinella's blog

If you sold a property on a Short Sale within the past few years, you were probably informed by the lender that according to Fannie Mae guidelines you could qualify for a new loan after a 2-year waiting period.

Unfortunately Fannie Mae recently changed those guidelines to a 4-year waiting period.  

Read more about it here:  Buying after a Short Sale? The Wait Just Got Longer - (TNS)—Q: We completed a short sale about two years ago. We have been renting and saving our money to buy a new home after the two-year waiting period imposed by Fannie Mae. When we applied for our new loan, we were told that now we have to wait another two years. We are very upset […] [RisMedia Consumer News]

Although Fannie and Freddie released new lending guidelines on Monday, it looks like many of the large lenders are not all that anxious to make any changes as yet.  Eventually these new guidelines will have an affect to help loosen the tight credit market, but you may need to be a little patient.

Shopping around for your mortgage is certainly recommended.  Some lenders may adopt new rules quicker than others.  There is a good possibility you will soon start seeing some different kind of promotions from the lenders who will lead the way.  

We are optimistic that more opportunities for home loans will be opening up.  Read more about what the experts have to say.  Did Mortgages Just Get Easier to Obtain? -

Fannie Mae and Freddie Mac's new lending guidelines went into effect Monday, which are expected to help loosen up the tight credit standards... [NAR Daily News Magazine]

The U.S. Men’s National Team will face Belgium in the Knockout Round of the 2014 FIFA World Cup.  This marks the first time in history that they have advanced to this level in two consecutive World Cups.  

Pride and enthusiasm for U.S. Soccer is at an all-time high!   TV viewership and online streaming of the U.S. World Cup matches are continually smashing ratings records.  Local viewing parties have moved from city parks into Professional Sporting Arenas – because the interest is so infectious!  

CENTURY 21 is a part of this story with our sponsorship and commercials airing during World Cup Studio programming on ESPN2.  This is a great time to be the Official Real Estate Sponsor of U.S. Soccer.

Join the U.S. Worldcup fever and support our team and our country on the world's stage at 4:00 pm EDT on ESN, watch ESPN, univision and ESPN radio.