So, I asked a bunch of Loan Officers to post their HARP questions on www.facebook.com/mortgagecurrencty and there were so many, that I ended up doing a free class with a HARP expert–who has first-hand street creds because he also originates these types of loans. Here’s a few of the things that you’ll learn” Overview of [...]
HARP 2.0 Program – Underwater Homeowner’s in Atlanta Get RELIEF!
Underwater Homeowner’s in Atlanta Get Refinance Help from Obama Administration Atlanta, GA (January 2012) - Originally launched in April 2009, the Home Affordable Refinance Program (HARP) was designed to help underwater homeowner’s take advantage of low mortgage rates even if they were low equity or slightly upside down. By allowing underwater homeowner’s the ability to take advantage of today’s lower interest [...]
Do The Mortgage Rule Updates Want to Make your Brain Explode? More HARP
If This Just Doesn’t Want to Make Your Brain Explode… By: Karen Deis, Publisher, MortgageCurrentcy.com Can you guess how many rule updates affected JUST the origination side of the business from January 1st to December 31st, 2011? Just guess! Ok, I’ll tell you—it’s 259, or an average of 21 rule updates per month. To get [...]
Home Prices and Affordability – the Truth
Gaining a little perspective on what really drove home prices over the last few decades can be valuable to would be buyers. The state of the market now that values have come well off their peak in concert with record low interest rates should be hard to resist. Still persistant though is the uncertainty breeding [...]
How Do I Choose My FHA 203K Lender?
Choosing a FHA 203K Lender Why Is 203K Lender Selection Important? What Should Potential FHA 203K Clients Look For? When I started specializing in 203K Renovation Loans there were very few people that offered the product. There was little to no training and you were mostly resigned to using a lender that would end up [...]
Riding a Refinance Wave, VA Loan Volume Up 14% in FY11
Riding a wave of new refinance loans, the VA home loan program experienced a huge year in Fiscal 2011, guaranteeing nearly 360,000 loans, according to data provided by the Department of Veterans Affairs. VA refinance loans surged 40 percent from FY10, as military borrowers sought to capitalize on historically low interest rates. Refinance volume increased [...]
Bill Would Open VA Loans to More Surviving Military Spouses
A House bill passed this week would increase access to the VA home loan program for surviving spouses of permanently disabled veterans. Dubbed the Disabled Veterans’ Surviving Spouses Home Loans Act, the proposed legislation would eliminate the requirement that only spouses of veterans whose death is attributed to a service-connected disability may qualify for a VA [...]
Finally, A Govt Agency That Wants to Hear From You!
Looks like the CPFB has been working on hard on creating new loan disclosure forms and guess what? They want to hear from you–yes YOU! I’ve copied the email that they sent out! They want you to choose between two loan scenarios (Jasmine and Nandina) and tell them why you would choose one loan option [...]
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