24 questions you should ask about open houses
Putting on an effective open house, Jonathan Pressman writes, means being the informed agent and the best source of information for current and future clients
by Jonathan Pressman Oct 15
Don't facilitate source of income discrimination by sellers
Don't discourage your sellers from talking to FHA, VA, USDA or DPA buyers, fair housing advocate Dr. Lee Davenport writes. Help facilitate both a timely sale and greater affordability
by Lee Davenport Sep 27
Private mortgage insurers again losing market share to FHA, VA
FHA premium cuts spur growth, but borrowers with stellar credit can still do better taking out conventional Fannie Mae- or Freddie Mac-eligible mortgages with private mortgage insurance
by Matt Carter Jul 30
Cap on servicer fees for FHA loan assumptions doubled to $1,800
While the Community Home Lenders of America welcomed the increase, it might benefit homebuyers as well, by giving loan servicers more incentive to process FHA loan assumptions
by Matt Carter May 22
Assumable mortgage platform Roam expands coverage area
With $3M in new seed funding from Founders Fund, Roam wants to help buyers 'wind back the clock' on mortgage rates in markets nationwide by the end of the year
by Matt Carter May 10
Lamacchia: 'Nothing's changed' about mortgage commission rules
Anthony Lamacchia thinks some agents are reading too much into guidance issued by Fannie and Freddie confirming that sellers can continue to pay buyer's agents' commissions
by Matt Carter Apr 22
The NAR settlement would bring ‘significant benefits’ to buyers: CFA
That includes benefits for first-time homebuyers, who might be better served by inexperienced agents. But some benefits require changes from mortgage lenders, consumer watchdog says
by Taylor Anderson Apr 5
Mortgage giants offering very low income homebuyers a spring break
Fannie Mae and Freddie Mac are offering a $2,500 credit this spring that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums
by Matt Carter Feb 7
Assumable loan platform Roam offers seller closing guarantee
If it takes longer than 60 days from the time an offer is accepted until close of escrow, Roam will make the homeseller's mortgage payments for up 60 days after the scheduled closing date
by Matt Carter Jan 31
David Stevens, influential leader in mortgage finance, dies at 66
The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association
by Matt Carter Jan 17
FHA 2024 loan limits are headed up, chasing rising home prices
Annual home price appreciation of 5.5% pushes FHA loan limits up to a minimum of $498,257 in affordable markets and to a ceiling of up to $1.72M in high-cost states like Alaska and Hawaii
by Matt Carter Nov 29
Mortgage groups urge FHA to ditch 'life of loan' premium payments
Having slashed premiums on new FHA loans by 35% in March, and with insurance in force growing faster than reserves, HUD officials are showing no signs they'll give in to industry demands
by Matt Carter Nov 21
Sherman Bridge launches fix-and-flip investor loan marketplace
Underwriting engine helps investors compare options with 15 lenders offering short-term loans for rehabbing and flipping or renting single-family homes in 48 markets in all but 12 US states
by Matt Carter Nov 1
LoanDepot lets buyers cover FHA down payment with 2nd mortgage
Available everywhere except New York, loanDepot's new 'accessZERO' program provides a down payment of up to 5% in the form of a 10-year fully amortized 2nd mortgage
by Matt Carter Oct 31
FHA will consider rent from ADUs when qualifying borrowers
HUD says policy change is intended to help more first-time homebuyers, seniors, and inter-generational families tap the wealth building potential of homeownership
by Matt Carter Oct 19