Featured Article When Is It a Good Time to Buy a House?

Featured Article When Is It a Good Time to Buy a House?

Featured Article When Is It a Good Time to Buy a House?

Category: Industry Trends

Fannie Mae changes DTI rules

Fannie Mae Plans to Change DTI Ratio

One of the important things they consider when purchasing a home is your debt-to-income ratio (DTI), because these requirements can often keeps borrowers from qualifying for a home loan. Starting in July, Fannie Mae will implement changes to DTI requirements.

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10 years since the mortgage industry crisis of 2007

Nearly 10 Years Since the Mortgage Crisis: Can it Happen Again?

For a company celebrating 20 years in business, avoiding the 2007 crisis a decade ago was achieved by ethical behavior and concern for the borrower. With speculation of possible changes, take a look at whether or not a crisis could happen again.

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2017 Increased Conforming Loan Limits

What 2017 Increased Conforming Loan Limits Mean to Homebuyers

For the first time in a decade, the Federal Housing Finance Agency (FHFA) announced that the 2017 baseline conforming loan limit would be increased. Due to home price gains in 2016, the FHFA is also increasing the limits for certain higher-cost areas that are above the baseline.

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Banking industry scandals lead to demand for local mortgage lender practices

Industry Scandals Lead to Demand for Better Lending Practices

A few recent scandals in the financial industry unveiled the need for better practices in producing mortgage loans to prevent…

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Mortgage interest rates still low for 2016 according to Fed

Low Rates for Long? Why the Fed Didn’t Increase Them

Mortgage rates have continued to stay low after initially dropping as a result of the overall stagnant global economy and…

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USDA Loan Program October 2016 Update

USDA Fees Plunged to New Lows

The U.S. Department of Agriculture (USDA) has announced upcoming program updates, starting October 1st, 2016. Those looking to live in rural areas, will see a significant drop in the upfront guarantee fee and the annual fee.

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Fannie Mae makes changes to HomeReady program

Fannie Mae Simplifies HomeReady® Income Eligibility Limits

Fannie Mae makes updates to its HomeReady® mortgage program, that offers flexibilities not seen in previous programs and can make buying a home more affordable for low-income to moderate-income families. Here’s how it can impact you.

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Brexit causes all time low interest rates

Brexit Leads Mortgage Rates to Drop to an All-Time Low

A lot has happened in the industry in the recent weeks. Mortgage rates have dropped to an all-time low since 2013 as U.K. plans it’s exit from the European Union. Here’s how it can affect you as a homebuyer or homeowner.

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How independant mortgage companies have been lending more than big banks

How Independent Mortgage Companies are Impacting the Industry

You may be familiar with the process of working with companies such as Wells Fargo or Bank of America where the mortgage…

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The homebuyer's market is slowly changing into a seller's market in 2016

Is 2016 Still a Homebuyer’s Market?

Mortgage rates and home prices are starting to rise again. So what does this mean for homebuyers? Is 2016 still a home buyer’s market or are we headed for a seller’s market? Knowing which market we’re in will help you act quickly on buying a house.

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