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Mortgage servicers are stepping up during COVID

Housing Wire

We supported efforts to expand the payment deferral option for borrowers, providing a streamlined exit process with no documentation. The Flexible Modification, for example, was streamlined so that homeowners can keep their house and begin a different payment plan.

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Inside Fairway’s bold plan to boost reverse purchase business

Housing Wire

In relation other top 10 reverse mortgage lenders, Fairway stands out by making a concerted effort to cultivate more H4P business in an environment where many other reverse mortgage companies have spent much of the past 12-18 months focused on HECM-to-HECM (H2H) refinances, according to data compiled by Reverse Market Insight ( RMI ).

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FormFree’s Brent Chandler on transforming the way the housing industry does business

Housing Wire

Brent Chandler: COVID-19 forced mortgage lenders to overhaul their entire strategies overnight to launch remote operational models while simultaneously shifting to accommodate an unprecedented refinance boom. We are visionary by nature, and what we’ve accomplished so far is just the beginning for us.

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Should You Refinance Your FHA to a Conventional Loan?

PennyMac

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans are easier to obtain financing for and require only minimal down payments and fair-to-good credit scores.

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Opinion: IMB servicers do a better job than banks on loss mitigation

Housing Wire

For our nation’s homeowners beleaguered by toxic mortgages and underwater loans, Treasury created a plethora of programs — with acronyms like HAMP, HARP, FHA Short Refi and the Hardest Hit Fund. And key federal agency mortgage loan programs like FHA , VA, and Fannie Mae and Freddie Mac have fully embraced them. The concept is simple.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Many homeowners choose to refinance to reduce their interest rates and save money on monthly payments. Learn How to Buy a Home Buying a home seems easy enough on the surface, but there are many details to consider. Learn about the quality of the school district or job growth potential. They just oversee the process.

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USPAP Myths for Appraisers

Appraisal Today

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Streamline my appraisal process (10%) Plus 3 more To read more, Click Here My comments: Interesting stats!