Fannie Mae Day 1 Certainty
Day 1 Certainty is a new offering Fannie Mae is giving their lender partners. This should mean greater speed and simplicity when lenders deliver loans to Fannie Mae. This will increase efficiency for lenders when verifying income, assets, and employment. There will also be additional improvements for customers eligible for a property inspection waiver (PIW). This efficiency should mean the an easier and more hassle-free loan process....Non-bank Lenders Increasing Market Share
A recent CNBC report indicated that the mortgage markets are becoming less profitable for the big banks. The article reports a quarterly drop of 25 percent in origination’s for JP Morgan Chase; Citi’s origination’s were down 17 percent; and Wells Fargo decreased 14...Foreclosure Numbers Down
Recent foreclosure numbers suggest that the housing market has improved significantly. The November 2015 delinquency rate is the lowest since December 2007.Referral Partners Matter
With a rising real estate market and chances of finding a bargain a lot tougher, first time home buyers are having more trouble finding the right home for them. One thing that everyone agrees on is that having a mortgage lender or broker who has a reputation of closing loans fast helps when the seller is in a multiple offer...Renters Want to Own
A recent survey from the National Association of Realtors revealed that 83 percent of all renters want to own a home and 77 percent believe that home-ownership is part of their American Dream. The top two reasons for not currently owning are affordability of housing and flexibility of...Connect With Us
