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. …
Big News: FHFA to Make Desktop Appraisals Permanent
During the pandemic, people started working from home out of necessity. Even though it’s relatively safe to go back, many companies have elected to make the change permanent, as some …
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Blue-lining: How Banks are Factoring Climate Change into Mortgage Decisions
As climate change accelerates, a growing number of homes across the country have been destroyed by more frequently occurring natural disasters. In California, wildfires have always been a threat, but …
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Coronavirus: Refinancing Options and Eligibility for Homeowners in Forbearance
Thanks to the pandemic, many homeowners were unable to keep up with their mortgage payments, and as of September 2020, 3.5 million Americans have a home loan in forbearance under …
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