Recent Articles for Consumers
Property Condition When Selling A Property
When you plan on selling a property, it’s important to remember that most buyers will have to take out a mortgage to buy your property. When a mortgage company or bank looks to help finance a property for a buyer, an appraisal will be necessary to show condition of the property. If there are a ...
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FHA Mortgage Program: Popular Among First Time Home Buyers
The FHA mortgage program has become a very popular mortgage program with first time home buyers. Home buyers do have many options with mortgage programs when looking to get pre-approved, but the FHA program has become the most popular.
There are many reasons why the FHA program has become very ...
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With Refinance Booming, VA Loan Volume Hits 18-Year High
VA loan volume hit an 18-year high in the fiscal year that ended in September, according to data recently released by the Department of Veterans Affairs.
The significant increase -- both historical and year-over-year -- is another sign that military borrowers are moving away from the tighter conv ...
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HARP 2.0 Program - Underwater Homeoweners In Wisconisn
This updated refinance program, HARP 2.0, has been helping many underwater homeowners in Wisconsin. Many homeowners are reading different guidelines from different lenders with this program. This will happen, because each lender may create their own guidelines for HARP 2.0.
Here are some basi ...
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Recent Articles For Originators
Don't End Up In Fair Housing Jail!
Title: Don’t End Up in Fair Housing Jail!
Karen Deis, Publisher, www.MortgageCurrentcy.com & Tammy Butler, www.OptimaBlue.com
Here’s a story that is happening more and more as the CFPB hires more people to “police” FAIR HOUSING – Can you defend yourself in case of an audit?
Examiner: Mr. Mortgage Company: can you ple ...
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Have The Regulators Seen Their Shadows?
Have the Regulators Seen their Shadow?
Karen Deis, Publisher, www.MortgageCurrentcy.com – View free video blog on home page.
Well, it seems like the agencies have “seen their shadow” and crawled back into a hole—because there were only a few updates within the last 30 days!
As part ...
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So, What's This About a Social-Media Quality Control Plan and Your Mortgage Business? (FFIEC)
Social Media & Mortgage Marketing – FFIEC Proposed Rule
By: Karen Deis, Publisher, www.MortgageCurrentcy.com
So, what’s this about the social media quality control, mortgage marketing and the FFIEC? We’ve taken the 36-page proposal ...
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Big Brother is Watching - Joint Venture between FHFA and CFPB to Monitor the Mortgage Market
Joint Venture between FHFA and CFPB to Monitor the Mortgage Market!
A new national mortgage database is being created to provide the ability to track and monitor various topics. Some of the ways this database would be used would be to:
Monit ...
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Just So There's No Misunderstanding--Mortgage Rules & FAQ's
Title: Just So There’s No Misunderstanding
By: Karen Deis, Publisher, MortgageCurrentcy.com
Before I get started with the updates for December, what I’ve noticed over the last few months is that Fannie, Freddie, FHA, VA and USDA have issued quite a few clarifications and updates in the f ...
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What Do NMLS, FHA Condos, HARP & USDA have in common?
Title: What do NMLS, FHA Condos, HARP and USDA have in common?
By: Karen Deis, Publisher, MortgageCurrentcy.com
What do NMLS, FHA Condos, HARP and USDA have in common?
All of them have had rule changes within the last 30 days!
So, let’s start by talking about what’s supposed to ...
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