Due to the devastation caused by the financial losses stemming from bad residential mortgage loans and in an effort to have more control over who can originate mortgages in the future the …
The federal tax credit for home buyers is set to expire on April 30th 2010!! Buyers and Sellers need to be in a purchase contract by this date and the …
This is a huge problem for almost every condo association in Southern California now. With almost every condo owner who purchased or did a cash out refinance after 2003 upside …
During the weekend of December 12th, Fannie Mae will update DU to the 8.0 release. Some of the changes that will occur include: * Maximum DTI to 45% (50% in …
Mortgagee Letter 09-46a (Spot Approval Guidance) and 09-46b combined. (This is the first time they’ve ever had a 2 part letter). Here’s what you need to know: 46(a) – extends …
Here is why we always need copies the borrowers last 2 years tax returns (as of this post 2007/2008 1040’s) We’ve had 2 files last week fall apart due to …