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CFPB releases new mortgage servicing rule: What it means for homeowners

CFPB releases new mortgage servicing rule: What it means for homeowners

by Third Party | Sep 10, 2021 | Mortgage Information, News/Current Events

Source: Fox Business —  As foreclosure moratoriums come to an end, the Consumer Financial Protection Bureau (CFPB) released a new mortgage servicing rule that took effect Aug. 31 to help prevent foreclosures for borrowers facing delinquency. The rule will...
Fannie Mae to include rent payments in mortgage applicants’ credit history review

Fannie Mae to include rent payments in mortgage applicants’ credit history review

by Third Party | Sep 10, 2021 | Mortgage Information, News/Current Events

Source: Washington Post —  A good credit score is an essential part of making the transition from renter to homeowner, but establishing a solid credit report can feel out of reach for some consumers. Many prefer not to use credit cards or loans and therefore...
Mortgage demand falls to lowest in two months as rates stagnate

Mortgage demand falls to lowest in two months as rates stagnate

by Third Party | Sep 9, 2021 | Mortgage Information

Source: CNBC —  Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with the previous week, according to the Mortgage...
Record increase in real estate agent numbers over last year

Record increase in real estate agent numbers over last year

by Third Party | Sep 8, 2021 | Industry Updates, Mortgage Information, News/Current Events

Source: Stuff —  Covid-19 is the reason Ajit Saini became a real estate agent and new Real Estate Authority figures show he is not alone. A record number of people joined the industry last year. Saini, 42, had worked in sales for a large furniture company for...
NAMB President and SRE.com Announce Partnership to Launch SRE Marketplace

NAMB President and SRE.com Announce Partnership to Launch SRE Marketplace

by Third Party | Sep 3, 2021 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Business Wire —  NAMB President Kimber White and SRE.com President John G. Stevens, who is also a former president of that organization, have announced a partnership that will provide a new member benefit aimed at preparing loan originators to compete...
Actual cost of buying a house with the help of a home loan

Actual cost of buying a house with the help of a home loan

by Third Party | Sep 2, 2021 | Mortgage Information, News/Current Events, Real Estate Agent Tools

Source: Financial Express —  Here are a few pointers that could help you make a rough estimate of the actual cost of buying a house with a help of a home loan. Many consider owning a home to be one of the biggest financial goals of a lifetime. A home not just...
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