In early 2016, the Federal Housing Finance Agency (FHFA) announced a new principal reduction plan to specific qualified borrowers, and there’s been much debate since the announcement on who those eligible borrowers would be. At one point, the borrowers needed to have loans owned or guaranteed by Fannie Mae or Freddie Mac. Then, the FHFA Read More
Today, the amount of online resources seems to be as vast as the universe. Sometimes they’re informative and helpful, and other times, they can be misleading. In our industry, websites like Zillow, Trulia and others provide home buyers the ability to search for homes, list their homes and find industry data to determine benchmarks. However, Read More
Just a few months after TRID was enforced, Fannie Mae’s Economic & Strategic Research Group (ESR) conducted a survey in February, where they polled senior mortgage executives to see how TRID’s implementation was affecting their businesses. The survey also assessed the executives’ insight on TRID’s impact on competitiveness within the mortgage industry and on home Read More
We all know how critical a credit score is to the lending process. You probably have clients ask you questions about their scores and ways to improve them. This article by HousingWire gives some great insight into ways to improve credit scores quickly. The first step is checking your current credit score. You want to Read More
With 2016 almost halfway over, now’s a good time to take a look at the housing market. On a national scale, it’s doing well. Of course, there are certain markets faring better than others. It’s no secret Houston’s market is seeing some challenges, given the state of the oil industry. According to the Houston Chronicle, Read More