Housing Wire
MAY 25, 2023
Longbridge Financial, LLC, (NMLS #957935) believes that the answer to this dilemma is the HECM/Reverse for Purchase financing option. Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said.
Housing Wire
APRIL 25, 2022
In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices.
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Housing Wire
DECEMBER 22, 2020
They’ll need a small amount of information about your income and finances, and if all looks good, they’ll give you a preapproval letter stating how much money you can likely borrow. Most lenders require you to pay for home insurance and property taxes as part of your monthly payment. You’re not alone.
Housing Wire
APRIL 12, 2021
Holmes said the new integration enables commercial and private money loan officers using LendingWise to streamline their processes and obtain a business owner’s credit report from Credit Plus – without leaving the LendingWise platform. Case Study: How One Lender Increased Efficiency and Client Satisfaction.
Housing Wire
APRIL 21, 2023
In a blog post published Thursday, Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit made the case that the Federal Housing Finance Agency ‘s (FHFA) loan level price adjustments (LLPA) related to a mortgage borrower’s debt-to-income (DTI) ratio is unworkable and should be scrapped entirely.
Housing Wire
MAY 23, 2023
The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Anywhere from about $1 million to $4 million, the market is very, very competitive.
PennyMac
MARCH 4, 2024
Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved. Your loan officer will help determine your short and long-term goals with your home purchase and offer options to tailor your loan to your current financial situation.
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