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Housing Wire
OCTOBER 21, 2022
As mortgage rates continue to rise, originations are not the only side of the industry affected. The most basic thing that we’re seeing right now is mortgage rates increase and payoffs decrease because of fewer opportunities to refinance a loan,” said Eric Friedman, managing director of Servicing at Acra Lending. “At
Housing Wire
NOVEMBER 1, 2023
Rates for a 30-year, fixed-rate mortgage are the highest in over 20 years and may stay elevated for some time. Without the proper guidance, they could be enticed by attractive introductory rates only to choose the wrong product for their personal or financial situation in the long term. Here are three tips that can help.
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Appraisal Today
MAY 10, 2024
New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?
PennyMac
MARCH 4, 2024
If you’re like most people embarking on a home-buying journey, one of your first steps will be finding a mortgage lender. There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. Mortgage brokers. Direct lenders.
Appraisal Today
AUGUST 4, 2023
In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies on in mortgage underwriting. since October 2021.
Appraisal Today
AUGUST 26, 2022
I understand that Fannie Mae requires the sales comparison approach, but what if there aren’t enough good comps? In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Appraisers see a lot of Ugly Homes ;> Make an Ugly adjustment? Answer: No!
PennyMac
FEBRUARY 12, 2021
Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). On the other hand, FHA loans require certain provisions which can sometimes be a burden on a homeowner’s budget, often in the form of premiums paid for mortgage insurance. Can You Refinance an FHA Loan?
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