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).
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.
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?
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.
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.
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.
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?
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.
What the heck is Government-Sponsored Enterprise (GSE) Reform?
What the heck is a GSE and what does it have to do with your mortgage? Glad you asked. Here's the gist of it.
Automated Underwriting & Appraisal Waivers
The great thing about automated underwriting systems for appraisals is that the system "stores" the appraisal information and makes it more likely that a future transaction for the same property will receive an appraisal waiver. But how does it all work?