Resources for Real Estate Professionals

Appraisal Waivers & Automated Underwriting in 2021

In 2020, COVID-19 really threw a wrench in the traditional lending process, but our industry is resilient and adapted accordingly. We were granted appraisal waivers on 20% of our purchase transactions in 2021. That’s 20% of transactions that didn’t need an appraisal report of any kind!

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Proud to be Your #1 Lender!

Thank you for making New American Funding the top lender in Jefferson County during Q2. But don't keep us to yourselves. Tell your friends, family and neighbors all about us!

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Lending in the Age of Coronavirus: An Update

There have been many changes to home loan products and guidelines since the onset of the Coronavirus in the US. Here's everything you need to know (and nothing you don't).

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COVID-19 Causes Credit Overlays

To guard against buybacks, many lenders have instituted lending rules that are more strict than the guidelines established by Fannie Mae and Freddie Mac.

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Truth is Stranger Than Fiction

The mortgage industry is seeing a plethora of new guidelines and processes in the wake of COVID-19. What's true? And what's a bunch of malarkey?

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Forbearance Facts and Your Time to Shine!

Hot topics in the mortgage industry this week include the truth about mortgage forbearance, amazing opportunities for home buyers, and the future of home loan lending.

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Coronavirus Creates Chaos and Opportunity

While the Coronavirus is wreaking havoc with mortgage lenders, help is being provided to homeowners and opportunities abound for home buyers and homeowners looking for lower interest rates.

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This Market is Unprecedented

Nothing about our financial markets last week was normal. From historically low mortgage interest rates to extreme stock market volatility, here's how it's all shaking out.

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How Low Will Mortgage Interest Rates Go?

The mortgage world is all atwitter about current mortgage interest rates. They're low. Really low. Why? One word: Coronavirus. Are we in for a global economic meltdown?

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Big Changes for Adjustable Rate Mortgages

After an initial fixed rate period, the interest rate for adjustable rate mortgages is determined by adding the value of a financial index (often the LIBOR index) to a margin. There’s just one problem. The LIBOR is going away.

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