Remove Insurance Remove Legal Remove Lending Remove Loan Officers
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Did Michael Strauss, accused of fraud, just start a new mortgage company?

Housing Wire

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The nascent mortgage company, however, has only one loan officer registered and no loan origination volume so far, according to the mortgage tech platform Modex.

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Loan America sues Sprout for allegedly failing to purchase loans

Housing Wire

The company has one branch and 11 active loan officers. Former employees accuse the company of retroactively cutting off their health insurance on May 1, 2022 without prior communication. Former employees accuse the company of retroactively cutting off their health insurance on May 1, 2022 without prior communication.

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Everything You Need to Know about the Mortgage Approval Process

Eppraisal

While applicants can feel uneasy about a bank looking so closely at their financial lives, they can nonetheless take comfort from the fact that the lender's thoroughness enables it to make loans in the first place. Assembling and confirming the validity of these documents is the job of a loan processor.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

The mortgage loan officer handling the loan? There is administrative time involved, as well as legal factors. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Was it the borrower? A Zillow Zestimate? Maybe the underwriter at the lender? They start the row.

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10 Simple Steps to Purchase a Home in 2020

PennyMac

Is Homeowners Insurance Legally Required? This ensures that you are not paying too much, and that your lender is not lending you more than a home is actually worth. Once you have fulfilled all of your lender’s documentation requests, it’s time to close escrow on your loan.

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Opinion: Solutions to restore housing as an economic growth engine

Housing Wire

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Since 2016, legal immigration growth has declined by 40%. Increasing the supply of legal immigrant construction workers would accelerate economic growth. of GDP in 2020.

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FHA Loans – Credit Score Requirements and More

PennyMac

This is not true — the FHA does not issue loans directly to homebuyers. Instead, they insure loans offered by private lenders. If that happens, HUD will pay off the loan to the lender and take ownership of the home. The FHA does have lending limits, and these numbers can differ depending on where you buy a home.