Mortgage Brokers Anticipate Business Growth for Balance of 2017

A just released survey of 200 mortgage lending professionals found the vast majority of lenders (94 percent, up from 62 percent last year) expect an increase in mortgage purchase production.

Bond Amount Changes for Consumer Loan Companies in Washington

As of January 1, 2018 consumer loan companies originating and servicing residential mortgage loans and non-residential loans in Washington will need to comply with new surety bond requirements.

Are Closing Cost Too High for Mortgage Hunters?

Significant variation in closing costs is a major part of the process when considering which lender a homebuyer should go with. Often, mortgage buyers only consider which company will prequalify

Second Mortgage Delinquencies are Going Up

Part of the lingering effects of the Great Recession are second mortgages that were taken out at the height of home mortgages. Most second mortgages are for ten years and these are coming due in full right about now. The year 2005 saw approximately 850,000 seconds taken out followed by about 1.5 million in both

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How Business Lending Solutions Can Help Your Independent Real Estate Brokerage Firm Keep the Lights On

The real estate world is changing. In a July 2015 Washington Post article, real estate agents from across the country identified some of the biggest challenges that the industry is currently facing. Several experts pointed out that the real estate brokerage world is flooded with “untrained” or “unethical” agents. This trend hurts the industry as

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Pros, Cons, and Myths About Reverse Mortgages

As the 77 million baby boomers enter retirement at a rate of 10,000 per day, the reverse mortgage marketplace is potentially worth $1.9 trillion according to the Consumer Financial Protection Bureau, of which only about 10% has been penetrated to date. While this mortgage product has been around for years, it’s affect on real estate

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National Debt Relief Talks About Buying A House

Los Angeles-Long Beach, CA (PRWEB) May 15, 2016 National Debt Relief recently shared in an article published April 7, 2016 some pointers consumers can look into to help assess if they are qualified for a house loan. The article titled “4 Signs You Are Not Financially Fit To Buy A House” helps people understand if

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New Mortgage Loan Disclosure Rules Have Rough Beginning

New mortgage disclosure rules that were slated to come into effect in August were postponed until early October because the industry wasn’t ready. The rules did take effect in early October. As we enter the middle of November, mortgages written in early October are beginning to close. The biggest change is the “Know Before You

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Who’s Right in the Mortgage Industry?

There are at least three separate positions on the direction the mortgage industry is going but probably more. Federal agencies have one, traditional banks have another, and nonbank lenders still another. Of course, individual agencies, banks, and nonbanks each have their own take on the issues. Traditional Banks Pull Back Big Time At the heart

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Feds are now expanding access to a range of Mortgage Loans

During the first week of August, the Federal Housing Administration (FHA) announced its plans to expand credit facilities for all underserved borrowers and ease the risk for all approved lenders. This new measure is intended to broaden the measurement metric for assessing a lender’s default performance. This move is an attempt to expand mortgage loan

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