What is the VA loan Certificate of Eligibility?

A VA Loan Certificate of Eligibility is your proof of service, and it shows that you’re qualified to receive your VA loan benefits. You may be eligible for VA loans if you have served or are currently serving in the military. Spouses of veterans may also be able to receive specific benefits for which a

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FHFA extends moratorium on foreclosures and evictions

The moratorium on foreclosures and evictions for Fannie Mae and Freddie Mac-sponsored mortgages has been extended until at least June 30, according to the Federal Housing Finance Agency. The FHFA said the moratorium, originally set to expire May 17, has been extended as the U.S. continues to suffer from the economic consequences of the COVID-19

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Mortgages Without Tax Returns

Can You Get a Mortgage Without Tax Returns? In 2019, we are seeing a growing number of mortgage applicants who are asking about how they can qualify for a mortgage without providing tax returns. There are mortgage programs that can accommodate this request so these applicants can purchase their dream home. Why is a No

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Opendoor launches new mortgage offering

iBuying giant Opendoor announced last week it’s planning to enter the mortgage game. The company says it won’t just restrict its services to making instant cash offers on seller’s homes, but will now issue loans for buyers of its homes as well. The company said the idea is to speed up the time it takes

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Report: Lenders snubbing low-end borrowers

People in the low- and middle-income bracket are increasingly struggling to obtain smaller mortgages, according to a report in the Wall Street Journal. The report says that “low-end borrowers” are seeing their mortgage applications denied at higher rates than those who apply for bigger loans, even though many of those borrowers have a similar credit

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Fannie Mae provides guidance for mortgage issuers

Fannie Mae has issued guidance to lenders this week, explaining how they can continue to originate mortgages during the government shutdown. The guidance is necessary because verification of employment, social security numbers and other details could be troublesome at this time, officials said. The partial government shutdown has now been ongoing for 14 days, and

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10 years after the recession, many markets still struggle to recover

One decade after the Great Recession began following the collapse of the U.S. housing market, it’s clear that home values have recovered in most of the largest markets in the country, and then some, according to a new Zillow analysis. The report shows the markets with the biggest gains since the mid-2000s bubble are mostly

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Zillow expands its business as it acquires Mortgage Lenders of America

Zillow is getting into the mortgage game as it bids to own more of the home buying process. The company has just acquired Mortgage Lenders of America to fuel its new bid,

Less than 10% of U.S. homes remain underwater, Zillow says

Almost a decade after the last recession, we’ve passed another milestone in the housing market recovery. The percentage of homeowners who owe more on their mortgage than the value of their home, or those who’re “underwater

Mortgage or Deed of Trust?

When real estate purchasers apply for a loan, they call it a mortgage. In about 35 of the states, a mortgage is what they will sign at closing.

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