I always recommend that when you read a new mortgage rule, that you review your files in process and your pre-approved files. Because here’s the dealio, there can be a delay in DU (both Fannie & Government) and LP to update the rules on their system. When Fannie, Freddie, FHA and VA [...]
Las Vegas-area September home sales dipped from August, as they normally do, but climbed above the year-ago level as this year’s lower prices and ultra-low mortgage rates continued to attract a steady stream of investors and first-time buyers. The region’s median sale price rose modestly from August but remained 11.5 percent lower than a year [...]
The Niche Report talks with CEO and founder Tim Dwyer The Niche Report was able to visit with Tim Dwyer, CEO and founder of Entitle Direct Group, Inc., the first direct-to-consumer title insurance company, which issues policies nationwide through its underwriter EnTitle Insurance Company. Tim Dwyer, CEO We’ve heard about ENTITLE DIRECT’s unique [...]
Boston, MA – October 25, 2011 – In remarks to the National Reverse Mortgage Lenders Association (NRMLA) 2011 Annual Conference inBoston,Mass., Carol Galante, Acting Federal Housing Administration (FHA) Commissioner and Assistant Secretary for Housing, signaled strong support for the FHA Home Equity Conversion Mortgage (HECM) program. “HECM is a very important tool for seniors. We [...]
Loan quality seems to be a reflection of the economy; if the is any improvement up to 2011, it is not much. From a random sampling, the quality control on mortgage loans outlook for 2011 is looking slightly better than 2010. 85.78 percent of the 2011 loans are “excellent and good” a .54 percent improvement [...]
BIRMINGHAM, Mich., October 26, 2011 – United Wholesale Mortgage, (UWM) a national wholesale mortgage lender operating in 47 states, announced that they earned a spot on Mortgage Technology magazine’s 2011 Top 25 Tech-Savvy Lenders list for the first time. UWM built its own proprietary technology, which in part helped the company to become the one [...]
Bethesda, MD – October, 2011 – New surveys show small business, the engine of the economy, continues to be the nation’s best job creator. But many small businesses can’t take advantage of growth opportunities because they can’t get traditional bank loans. Data from the Small Business Administration for Fiscal 2011 shows while a record [...]
WASHINGTON (AP) — Sales of new homes rose in September after four straight monthly declines, largely because builders cut their prices in the face of depressed demand. Analysts say the modest increase on the back of reduced prices suggests the struggling housing market is years away from a turnaround. The Commerce Department said Wednesday that [...]
CHICAGO (Oct. 25, 2011) – A report released today, sponsored in part by the Appraisal Institute, outlines ways to finance $150 billion per year in energy efficiency projects that yield double-digit financial returns. The Appraisal Institute is the nation’s largest professional association of real estate appraisers. “Energy Efficiency Financing: Models and [...]
First let me just say that I am not really picking on Rep. Boehner so much individually, as I am picking on both him and his GOP cohorts, collectively. That is to say that President Obama will be re-elected to a second term in 2012 because… well, because he’ll be running [...]
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