Tag Archives: Envoy

20 Reasons for Title Insurance

http://teachingloans.com/post/16598399885/reason4titleinsurance This link will share the reasons.  I get asked this occassionally and wanted to share. Matt Steinmetz

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FHA to Change Allowable Seller Credit Amount?

FHA will propose to reduce the maximum allowable seller concession from its current level to one more in line with industry norms. Continue reading

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FHA Home Flipping Policy

In February, FHA extended the FHA property flipping waiver until December 31, 2011. As of now, this waiver has not been extended again and will expire on 12/31/11. Continue reading

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The Importance of Credit

This video goes over the importance of establishing credit and having good credit and at least 3 tradelines (open credit sources). Continue reading

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HARP Update II

The updates I received re:HARP loans are both incouraging and discouraging! They’ll raise you up and bring you down! Who knew loans could be so dramatic, like a Hollywood picture show! Continue reading

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More Lenders Exiting in 2012 and Rates Getting Better

This video discusses the estimate from the Mortgage Bankers Association that the loan volume for 2012, industry wide will drop by 25%.  This will force more lenders, individuals and companies, to leave the industry.  The video also touches on where … Continue reading

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Final Rules Issued on Originator Compensation. Mortgage Industry Needs Some Simplification

The clarification needs clarifying, but this seems to be bad news for all.  I saw one post saying “Welcome to my ice cream shop!  Thanks to the government we have vanilla, vanilla, or vanilla.”  That is hilarious and sadly becoming … Continue reading

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