When Is The Time To Refinance Your House?
By Jessica Bennet
Only you can decide if you are having problems in making payments on the mortgage that is financing your home. If you are having problems in making the payments, refinancing is an option. Other than that another item to consider in order to find your answer [...]
New Laws Governing Mortgage Originators
By Budd Moore
New lending laws regulate originator compensation and help protect the borrower’s “best interest.”
April brings Tax Day and this year it also brings new laws to govern mortgage originators. The new lending laws, effective April 1st, have leveled the playing field for all originators, including banks, mortgage companies, and mortgage [...]
Mortgage Shopping 101 – Making Sense of the Mortgage Market
By Jim Soda
Shopping for a mortgage can be time-consuming and difficult for homebuyers, especially in today’s market where many buyers don’t know where to begin. The Federal Reserve Board has put together the following tips so that you can make sense of the mortgage market and [...]
Refinance Now
By C.J. Coury
Although it is certainly more challenging to obtain a new mortgage loan in today’s market you simply must make the attempt if you have an interest rate above, at or near 6%. It is widely believed that rates will begin to rise this spring and could increase as much as 1% or [...]
FHA OK’S Finance Of Qualified Flips
By C. J. Coury
In an effort to speed up the resale of foreclosed properties the FHA has announced that it will begin to insure loans on properties that were re-sold within 90-days of purchase by the seller.
This change will allow lenders to offer FHA financing to buyers who are attempting [...]
Financing “As-Is” Properties
By C. J. Coury
A rarely used loan product, the FHA 203(k), is fast becoming one of the hottest topics on the training front. The renewed interest in this evolving product is due to the high number of distressed properties on the market and the declining amount of “cash” buyers to sell it to [...]
RESPA/Regulation X Changes
Information Courtesy Of C. J. Coury
The U.S. Department of Housing and Urban Development (HUD) has announced significant revisions to the lending requirements under RESPA/Regulation X. These changes impact the Good Faith Estimate (GFE) and HUD Settlement Statements (HUD-1 and HUD-1A) and will be effective with new first mortgage applications taken on or after [...]
Appraisal Reconsideration Requests – How To?
By C. J. Coury
In accordance with the new Home Valuation Code of Conduct (HVCC) lenders are no longer allowed to select the appraiser or question them on their evaluations. While this will certainly all but eliminate fraud in the evaluation process it has caused some new concerns for lenders and [...]
Blue Skye Lending Sponsors Free Weekly Homebuyer Workshops.
COME FIND THE ANSWERS TO YOUR QUESTIONS
Understanding HVCC
By C. J. Coury
As you all know, the Federal government has now implemented the Home Valuation Code of Conduct (a.k.a. Appraisal Independence) and all lenders must adhere to it if they are going to sell the loan to Fannie Mae or Freddie Mac. The rules, regulations and requirements do not apply to FHA or [...]
Tuesday, August 30, 2011
0 Comments