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FHA Updates 203(k) Program for Home Repair Financing
“The changes we are announcing today for the 203(k) program are long overdue,” said FHA Commissioner Julia Gordon. Continue Reading FHA Updates 203(k) Program for Home Repair Financing
EMM Loans and Calque to Offer The Trade-In Mortgage
The product will be offered by EMM Loans and its DBAs – Ideal Mortgage Group, Maximus Mortgage Advisors and Fidelity Lending LLC. Continue Reading EMM Loans and Calque to Offer The Trade-In Mortgage
Additional Reading: Top Mortgage Industry News & Headlines
FHA Extends Foreclosure Moratorium in Maui County
The moratorium was originally set to expire on Nov. 8. Continue Reading FHA Extends Foreclosure Moratorium in Maui County
Mortgage Rates Hold Steady
“The 30-year fixed-rate mortgage paused its multi-week climb but continues to hover under 8%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Hold Steady
FHA Proposes Policy Updates to HECM Program
The updates seek to “streamline certain requirements and reduce operational challenges associated with servicing a HECM portfolio.” Continue Reading FHA Proposes Policy Updates to HECM Program
Why lenders should build a referral-based business
Source: Housing Wire --- HousingWire recently spoke with John G. Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them...
What happens if you wait to buy a home? Interest rates could shift dramatically
Source: KSL --- Every aspiring homeowner in Utah is asking the same question: When will home prices drop? Unfortunately, no one can predict exactly when that will happen or if it will happen. In the meantime, there's perhaps a more important question homebuyers should...
1.5 Million Americans Face a Financial Cliff as Mortgage Forbearance Ends. These Are Their Options
Source: Time --- If it hadn’t been for a mortgage forbearance program, Destiny Blackmon says she could have lost her home. Destiny Blackmon and her husband pose for a photo at the site of their new home construction in 2017.Courtesy of Destiny Blackmon ...
FP Explains: Everything you need to know about using a reverse mortgage
Source: Sault Star --- Have you ever viewed a reverse mortgage commercial and wondered whether it would help you maintain and enhance your retirement lifestyle? One of my clients certainly did. They knew they didn’t have quite enough money and they didn’t want to...
Today’s Mortgage Rates & Trends – September 23, 2021: Rates flat
Source: Investopedia --- With yesterday's Fed announcement revealing little new news, mortgage rates are mostly holding steady this week, with the 30-year rate marking time for a second day. Rates have been in a narrow bouncing pattern since early August, keeping the...
Today’s 30-year mortgage rates climb to 3% for first time in 69 days | Sept. 24, 2021
Source: Fox Business --- Based on data compiled by Credible, mortgage rates have risen across all terms since yesterday. 30-year fixed mortgage rates: 3.000%, up from 2.750%, +0.250 20-year fixed mortgage rates: 2.625%, up from 2.500%, +0.125 15-year fixed mortgage...
How To Start A Real Estate Empire With Only $12,500
Source: Forbes --- If you’re not currently a homeowner or haven’t purchased your first multi-residential property, you may still have hopes of building a multi-million or billion-dollar real estate portfolio. Yet that goal appears to be far-fetched amid a global...
How To Purchase Your First House Without Overspending
Source: Tamp AFP --- Purchasing your first house is a thrilling experience, but it can also be expensive. That isn’t to say that you need to let go of your life savings to secure a home. It is essential to acquire the right information so you can make the right...
Knowing the best home survey options for your clients
Source:Financial Reporter --- As the modern mortgage market continues to evolve, so too does the complexity attached to product offerings, criteria, lending policy, affordability and accessibility. I could go on but I’m sure you all have your own lists. Whilst...
Hall Financial: Why refinancing can increase your home equity
Source: F --- As a homeowner, you've worked hard paying off the mortgage on your house and updating it when you can. Now it's time for the house to work for you! Low rates mean there's a bit more equity in your home, which is an opportunity to use that equity to put...
