How to help your buyers overcome credit setbacks

Although homeownership rates are still low — just 63.7 percent this past second quarter — several big players in the mortgage industry are pulling away from products that help homebuyers with credit challenges …

How to help your buyers overcome credit setbacks

Although homeownership rates are still low — just 63.7 percent this past second quarter — several big players in the mortgage industry are pulling away from products that help homebuyers with credit challenges …

Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

What’s an adjustable-rate mortgage (ARM) loan?

Also known as an ARM loan, an adjustable-rate mortgage loan is a loan that allows borrowers to take advantage of compressed rates. Peter Lorimer explains the benefits and risks.  …

What’s an adjustable-rate mortgage (ARM) loan?

Also known as an ARM loan, an adjustable-rate mortgage loan is a loan that allows borrowers to take advantage of compressed rates. Peter Lorimer explains the benefits and risks.  …

Understanding the funding sources for down payment assistance

The funding for down payment assistance (DPA) can come from numerous sources, and if you are going to take a position on if DPA is a good thing or a bad thing, you should know the differences …

Say goodbye to foreclosures and hello to new homeowners

Since the housing crisis began, distressed properties — foreclosures, short sales and bank-owned real estate — have dominated much of the conversation around real estate and real estate finance. The latest data, however, seems to indicate those days …

What ever happened to ‘skin in the game’?

Seven years ago, the Wall Street maxim, having “skin in the game,” became a popular explanation for the devastation of the America’s system of housing finance. Following the subprime meltdown and the beginning of a wave of foreclosures that would eventually drive more than 9 million families from their homes, desperate policy-makers sought simple explanations like “skin in the game” to explain unprecedented and frightening events …

How to protect your clients’ retirement income using a reverse mortgage

Most Americans face the specter of reduced income. It is no surprise that when they need a loan for a medical ailment or a personal loan, they find themselves left in a lurch. If they are going downhill, it makes sense to protect your retirement income…