Tag Archives: Lenders

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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What Not To Do During Your Loan Processing

To some it’s obvious and to others it’s not, but the following items are critical during the loan process. Continue reading

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Standard Items Needed for Loan Approval

The following items are normally needed during the loan process. Continue reading

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Mortgages Get More Expensinve

Homebuyers are being tasked with the job to cover the cost of the payroll tax cuts… Continue reading

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How You File Taxes Matters

This video by Matt Steinmetz covers some details about how tax returns affect you qualifying for a mortgage loan. 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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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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HARP Update Nov. 15th

The HARP program has been extended through 12/31/2013.

“Fannie Mae is removing the maximum LTV ratio limit for Refi Plus mortgage loans secured by fixed-rate mortgages with terms up to 30 years.
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CCAR’s Big Event 2011

This is my 2nd Big Event and I find them informational. It is also a good chance to say hello and rub some elbows. This event was held at the Lesher Center for the Arts. Here’s what was said this year. Continue reading

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HARP Updates- This May be Huge!

The refinance program for underwater borrowers has helped some but has also taken a lot of flack because of it’s limits. Well that may be no more!!!
Fannie Mae and Freddie Mac will be rolling out updated guidelines to allow borrowers to refinance regardless of how much they owe, their appraised value. Continue reading

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