Jumbo lending rules loosened for some Wells Fargo customers
Any existing customers at the bank can now apply for non-conforming refinancing. However, those lacking a prior relationship with Wells Fargo will face a harder time
by Jim Dalrymple II Jul 13
Quicken Loans files for IPO as Rocket Companies
The Detroit-based lender announced the Rocket brand in 2015 and now plans to use the symbol RKT on the New York Stock Exchange
by Jim Dalrymple II Jul 7
Share of mortgages in forbearance dips for second straight week
A new report from the Mortgage Bankers Association shows that about 4.2 million homeowners were in forbearance programs as of June 21
by Jim Dalrymple II Jun 29
Remote notarizations surge during pandemic
A survey of more than 350 real estate professionals indicates that remote online notarization has increased nearly 40% in recent months
by Jim Dalrymple II Jun 23
Number of mortgages in forbearance keeps rising
4.2 million Americans are now using forbearance programs. However, the rate at which loans are going into forbearance is slowing, suggesting conditions are stabilizing
by Jim Dalrymple II May 26
7 things your first-time buyer should know about getting a loan right now
Ohio-based loan officer Breon Price shares what your first-time buyers can do to increase their chance of approval despite tighter lending standards amid the coronavirus pandemic
by Marian McPherson May 14
After rocky rollout, agents receive small business loan money
The Paycheck Protection Program has allocated nearly $660 billion for small businesses. Despite glitchy application systems and unresponsive lenders, a number of agents now say they've received funding through the program
by Jim Dalrymple II May 4
Cash en route to small businesses after House, Trump approve new stimulus bill
The new stimulus bill includes $310 billion for the Paycheck Protection Program, which is supposed to help small firms through the pandemic but previously ran out of money
by Jim Dalrymple II Apr 24
Lender launches small business loan portal for contractors
Loan Source has created a new application website for people hoping to get some of the cash lawmakers set aside for small businesses
by Jim Dalrymple II Apr 20
Banks can now delay appraisals for up to 120 days after closing
In addition to allowing lenders to delay appraisals, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility
by Craig C. Rowe Apr 15
Real estate firms nab $8B in small business stimulus loans
The real estate industry has so far secured 3.22% of the money being doled out as part of the pandemic-prompted Paycheck Protection Program
by Jim Dalrymple II Apr 14
Major banks agree to mortgage grace period in California
Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period
by Jim Dalrymple II Mar 25
Pulse: What’s your biggest challenge with financing? Readers sound off
From inventory shortages to lackadaisical buyers to lender confusion, here are the biggest issues readers are seeing
by Inman Feb 25