Lending

How developers and lenders work with teams
How developers and lenders work with teams

Mortgage lenders and developers regularly find themselves working with a team of agents or brokers, which comes with its own advantages and common issues.

New policies to expand access to federally backed mortgages
New policies to expand access to federally backed mortgages

Two new policies in the works have the potential to reshape the way homebuyers access credit through programs backed by the U.S. government.

How a big fee hike turned into a break for vets
How a big fee hike turned into a break for vets

This summer, the mortgage industry has good news for veterans in high-cost real estate markets thanks to the Blue Water Navy Vietnam Veterans Act, recently signed into law. But the bill was nearly bad news for those interested in VA loans, as previous versions would have raised VA loan fees.

The Airbnb lending puzzle
The Airbnb lending puzzle

The mortgage lending industry and its public referees have responded to short-term rentals with more accommodation than restriction, a positive development for homeowners who hope to earn income through a short-term rental platform. Not only is it possible for homeowners to potentially secure more favorable financing terms on their primary residences if they are renting them out — they also have the same opportunity to do so if they purchase a second home.

Agents’ Top Lending Questions Answered

When it comes to lending, the rules seem to change weekly. To help keep you in the know, it’s wise to seek the expertise of lending professionals like the ones featured in this story, who opened up to us on...

3 Must-Dos When It Comes to New Construction Loans

Top-producing agents differentiate themselves by providing their developers consulting advice prior to the construction phase. Agents provide crucial information that can ensure the development meets all lender guidelines, so that sales can close once construction is complete. Here are three...

New Bill to Streamline Short Sales

A new bill introduced earlier this week aims to change long lender delays with short sales.

Fannie and Freddie to Suspend Foreclosure Evictions for the Holidays

Freddie Mac and Fannie Mae, the two government-controlled mortgage entities, have announced that they will freeze all foreclosure evictions on mortgage loans they own or back from Dec. 20, 2010 through Jan.3, 2011. “If the property is occupied, our foreclosure...

Mortgage Purchase Applications Increase in Latest MBA Survey

The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending November 19, 2010.  The Market Composite Index, a measure of mortgage loan application volume, increased 2.1 percent on a seasonally adjusted basis from one week...

Consumer Mortgage Bureau Announces New Designation Programs

The Consumer Mortgage Bureau has developed two new designation programs to define the Mortgage Industry in the wake of the S.A.F.E. Mortgage Licensing Act of 2008: the Registered Mortgage Professional (RMP) and the Licensed Mortgage Professional (LMP). On July 30th,...

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