Roughly 2 weeks into the government shutdown, the Internal Revenue Service announced it will resume processing lender requests for tax transcripts to verify income for mortgage applications. In a letter …
Read MoreDespite shutdown, IRS will resume income verification for mortgage applicants
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Key Highlights Mortgage Bankers Association and National Association of Realtors both supporth passage of this bill Will loosening of regulation make up for lost sales volume from higher interest rates? …
Read MoreDodd-Frank reform bill passed in House, approval now pending from President Trump
Buyer’s remorse doesn’t limit itself to clothing, cars and lavish dinners. For renters in America, their biggest shared regret is choosing to lease instead of buying their first home. …
News hit today that within the first hour of his presidency, Donald Trump has put a freeze on the pending reduction to mortgage insurance premiums that was scheduled to take …
Read MoreTrump Freezes Mortgage Insurance Premium Reduction Scheduled for This Month
The Department of Housing and Urban Development recently announced changes to FHA loan premiums. While upfront mortgage insurance premiums will remain at 175 basis points (1.75%), annual mortgage insurance premiums …
Read MoreLower Mortgage Payments for Los Angeles Buyers/Owners as FHA lowers Insurance premiums
To those in the industry this headline comes as very little surprise…Dodd-Frank was definition of over regulation in Mortgage Industry for every positive change that helped the consumer there were …
Read MoreCFPB declared Unconstitutional as currently constructed