Articles
More News from Fannie Mae on Credit Evaluation
According to a recent article from Julie Wink of National Professional Mortgage Magazine, Fannie Mae’s announcement about “trended” data being added to mortgage credit reports for the underwriting process is going to cause a shift in the mortgage industry. This announcement will…
Pros and Cons of Banks, Brokers, Credit Unions, and Online Mortgage Companies
Seems like these days there are plenty of places where you can obtain financing for a home. There are pros and cons to each so in an effort to help you keep your clients well informed, today I’ll provide full disclosure on…
How Will Brexit Affect the Mortgage Market?
In the wake of last week’s Brexit vote in the UK, Wall Street took a tumble and lost most of the gains it had experienced in 2016. What exactly does this mean for the status of mortgage rates here in the US?…
Presidential Candidates Policies on Housing and Finance Factors in Voting
With the presidential election less than five months away, one of the topics voters feel is highly important is the candidate’s policies on housing and finance. According to the results of a survey conducted for LoanDepot, 21% of Americans who responded to…
What Credit Score is Needed to Qualify for a Home Loan?
Your credit score is one of the most important numbers that will impact your ability to buy a home. These three little numbers can make a big difference in your ability to qualify for a mortgage and more importantly, the the pricing…
CFPB to Discuss TRID Rules in July
According to a recent article by Bonnie Sinnock, the Consumer Financial Protection Bureau is expected to clarify its TILA-RESPA integrated disclosure rules in July. It has been eight months since the CFPB’s TRID, Truth in Lending Act and Real Estate Settlement Procedures…