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How lenders can improve property tax estimation processes to bolster borrower satisfaction

Housing Wire

Record-breaking lending volumes led many lenders to tighten up their processes across every stage of the mortgage cycle. Plaza Home Mortgage was no exception, as it sought to improve its property tax estimation process. The tool offers a comprehensive response to tax amounts for properties within the United States.

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CFPB proposes rule to bolster PACE loan borrower protections

Housing Wire

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. “We are proposing new rules that would require sensible safeguards on these clean energy loans.”

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Fannie Mae: Policymakers should look elsewhere to improve affordability

Housing Wire

An affordable housing advocate, who requested anonymity, called the report “stunning,” because it indicates Fannie Mae is only lending to low-income borrowers with the most pristine of credit histories. “A Palim said that a fair lending analysis was outside of the scope of the research paper.

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Incenter acquires due diligence firm Edgemac

Housing Wire

Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. Presented by: Sagent Lending Technologies . The firm, founded in 2008, also provides document management services for closing, purchase, sale and securitization of residential and business-purpose mortgage loans. Learn here!

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. Not tax advice. Consult a tax professional. †

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Financing Options for First-Time Homeowners

Eppraisal

Mortgage lending is about trade-offs, so expect compromises when you make yourself a riskier borrower for lenders. Conventional Mortgages Conventional mortgages are home loans not insured by the federal government. On the contrary, nonconforming or jumbo loans are too expensive for government-sponsored entities to guarantee.  If

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When borrowers ‘ghost’ their servicers

Housing Wire

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. We already know that government staff were low, to begin with. An army of door-knockers.

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