Beware of Wire Fraud
As soon as the money is received, the crooks wire it out of the country and that money is gone.
Fannie Mae Updates
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.
The Return of Subprime
Every day, we're hearing about new subprime and Alt-A mortgage options. But the subprime market today looks vastly different from the old subprime market. The days of stated income loans, where a borrower's income was never confirmed, are over.
Lightning Fast Pre-Approvals!
In nine minutes, I was able to double check the numbers, create a pre-approval letter, and email it to my customer and her real estate agent - all without having to move from my perch on the couch.