New Credit Score Formulas Were Recently Approved For Use By the Mortgage Industry! For the past 20 years, Fannie Mae, Freddie Mac, and FHA have used the Classic FICO credit score model delivered by …
DID YOU KNOW??
Can A Lender Close a MortgageOn A House Owned Within A Trust? This is a question I am asked often. The answer is: “It depends upon the type of mortgage!” There are many reasons why …
DID YOU KNOW??
Does the Federal Reserve Dictate Mortgage Rates? It’s no secret that mortgage rates have skyrocketed since the beginning of 2022. One question I often receive from borrowers is, “How will the Fed’s …
FHFA Relents to Help Mortgage Industry. The COVID Battle Turns A Corner. Saving The Economy Is the Next Battle Front.
The number of homeowners requesting mortgage forbearance from their loan servicers continue to grow at a massive pace. It is estimated that between three and four million homeowners have been granted …
Mortgage Industry Improves…And Gets A Bit Worse. Allow Faith to Prevail Over Fear.
On one front, the crisis as it’s been effecting the mortgage industry is abating. The mortgage-backed securities market has stabilized and at least for conforming-sized loans, interest rates are …
America Desperately Needs Mortgage Reform
For many years, we’ve seen banks big and small exiting the mortgage market, blaming the overwhelming, over burdensome, and to an extent, unnecessary regulation as the cause. These lenders found …
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