None of that fake stuff! Wells Fargo and Mr. Cooper eliminate mortgage jobs, study warns of declining home sales and slowing prices, purchase originations expected to increase in 2019, and the government shutdown impacts home buying.
Just like mortgage lenders and brokers have a list of guidelines for home loan borrowers, they also have a long list of requirements for condominiums. Find out if your condo project is eligible for standard home loan financing or is a non-warrantable condo. We have a little of both in Port Townsend and Jefferson County, WA!
Fannie Mae released a new version of their automated underwriting system in July. Improvements should benefit self-employed borrowers, those with disputed accounts, borrowers with new jobs, and those with higher debt to income ratios.