Lenderama Mortgage Blog

Recent Articles for Consumers

Jumbo Renovation Loans Opening Doors in the High-End Market

Breaking New Ground with Jumbo Renovation Financing  I have been a renovation loan specialist for years and have begged every employer that I've had for one thing, a jumbo renovation loan. I have finally gotten my wish and the high-end, luxury market has a new financing toy. There's always been ...
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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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Recent Articles For Originators

FHA Makes "Economic Event" an "Extenuating Circumstance" and It's About Time!

FHA Makes "Economic Event" an "Extenuating Circumstance"   By: Tracey Rumsey, Staff Underwriter & Karen Deis, Publisher, www.MortgageCurrentcy.com Well, it took 6 years – but FHA has decided that a job loss or decrease in income can ...
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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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