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If there’s anything we’ve learned from the subprime meltdown of 2008 and crash of 1987, it’s that we should all proceed with caution when borrowing money to purchase or refinance a home. The type of mortgage you choose can mean the difference between one day...
Posted by
admin on Dec 21, 2010 in
Investors |
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We are already seeing some innovative wholesale lenders tightening the screws on third-party originators in order to get the loans they need with as little risk as possible. That’s translating into lower pay for front-line originators.
via The nation’s disconnect on loan officer compensation «...
Does Fannie Mae Own Your Mortgage? Loan Lookup...
Highlights of HomePath®
No Appraisal Required
No Mortgage Insurance Required
All occupancy types are eligible
Primary Residence, Second Home, and Investment
Eligible for High Balance Loan Amounts
Unique Attributes to HomePath®
The sales price is used as the property value...
As lenders tighten mortgage guidelines for home buyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down. Today, most conventional mortgages require at least 10 percent.
Anecdotally, guideline changes have led to an increase in the number of...
