Effective immediately, the FHA will lower its owner-occupancy requirement for certain approved condominium complexes to just 35%. That means a given complex only needs about… Read More »FHA Lowers Owner-Occupancy Requirement to 35% for Certain Condos
Good News for Real Estate Agents The Mortgage Bankers Association (MBA) expects home purchase lending to hit $1.1 trillion next year, per their latest economic… Read More »Home Purchase Mortgage Volume to Exceed $1 Trillion in 2017
Today, RE/MAX Holdings announced the launch of a new one-of-a-kind franchised mortgage brokerage known as Motto Mortgage. In a nutshell, the plan is to create… Read More »Motto Mortgage Looks to Save the Mortgage Broker
They say the average mortgage application contains some 500 pages, which explains part of the frustration mortgage borrowers feel when going through the loan process.… Read More »Your Mortgage Is About to Get More Paperless, Finally
A company called Plastiq enables consumers to make payments with their credit cards that might not otherwise be accepted by the recipient. One such example… Read More »Plastiq Lets You Charge the Mortgage for a Fee
If you’re wondering which mortgage company originated the most home loans last year, stop wondering and take a look. Most people know Wells Fargo is… Read More »Check Out the Top 40 Mortgage Lenders in 2015
After increasing the price of a USDA-insured mortgage last year, the Rural Housing Service has now slashed the associated fees to make them much more… Read More »Why Your USDA Loan Just Got Cheaper
If you have a mortgage, you’ve undoubtedly had some company urge you to refinance, especially right now with mortgage rates being as low as they… Read More »Why Don’t More People with High-Rate Mortgages Refinance?
A Virginia-based mortgage lender has launched a loan officer compensation plan that provides originators with a piece of the loan servicing fee. Typically, a loan… Read More »Mortgage Lender Offers to Share Servicing Income with Its LOs
Fannie Mae has rolled out a new version of its automated writing system, known as Desktop Underwriter® (DU®) Version 10.0. The new version has a… Read More »It’s Now Easier to Get a Mortgage Without a Credit Score
