FHFA Backpedals on DTI LLPA
The Federal Housing Finance Agency (FHFA) has decided to rescind a loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. The controversial fee had …
We’re a FlexClose Certified Settlement Lender!
We’re excited to announce that IET Capital has been certified as a FlexClose Certified Settlement Lender! This certification is a testament to our commitment to providing our clients with a …
Last Chance for CalHFA Dream for All Product
On March 27th, The California Housing Finance Agency launched the Dream for All programthat would allocate $300M in down payment assistance to first-time home buyers. Qualified applicants who are accepted to …
FHA Announces Lower Mortgage Insurance Premiums
On Wednesday, February 22nd, HUD Secretary Marcia Fudge made the announcement that for FHA borrowers, their annual mortgage insurance premiums will be reduced by 30 Basis Points which translates to …
Lenders Raise Loan Limits Ahead of 2023
This November, the Federal Housing Finance Agency (FHFA) will be announcing new conforming loan limits for 2023. Industry experts expect that the federal government will increase the maximum loan limit …
Mortgage Rate Update: June 2022
Since the beginning of the pandemic, we’ve been tracking the highs and lows of mortgage rates on this blog. In 2020, we saw week after week of record-breaking cheap rates …
New California Program Helps First-Time Homebuyers
Like the rest of the country, the California housing market is now so competitive that it’s become increasingly difficult for residents to realize their dream of buying their first home. …