Fannie Mae warns Northern CA mortgage lenders about child support income scheme
fannie mae has issued a mortgage fraud alert to lenders in Northern California, warning of an increased incidence of misrepresenting child support income in “many loans” that have originated in the region over the past few months. GSE highlighted four features of such a plan. These include, “the equality of real estate agents involved in […]
What are Jumbo Loans in Utah 2023?
For many individuals and families, owning a home is the dream of a lifetime. However, with rising real estate prices, some may find themselves looking for financing in excess of the conforming loan limit. right here jumbo loan come into play. What is Jumbo Loan? Jumbo loans in Utah are a type of mortgage used […]
You Could Save Thousands by Moving to Miami, But It’s Not All Roses—Here’s What You Need to Know
in this article For high-income earners earning between $150,000 and $650,000 a year, moving from New York City to Miami offers an opportunity to save thousands through a lower effective tax rate and reduced cost of living, according to SmartAsset. . Study, San Francisco residents can get similar savings by relocating to Miami. It’s not […]
Mortgage rates will hold steady this week
Mortgage rates were little changed this week as investors assessed Federal Reserve Chairman Jerome Powell’s latest comments on rate hikes. To summarise: A very strong labor market remains the main driver behind the Fed’s rate setting decisions and further tightening is yet to come. Freddie Mac’s The Primary Mortgage Market Survey, which focuses on conventional […]
How to encourage your home buyers in a tough market
If ever there was a time that your real estate clients needed your experience and expertise, it is now. At this point, to say that the real estate market is confusing the daylights out of it would be an understatement. Right now, consumers think it’s a good time to sell a home (though very few […]
DocMagic integrates Total eClose with Finastra’s MortgagebotLOS
docmagicProvider of loan document creation and e-mortgage services this week announced the integration of its Total eClose platform finestraMortgageBotLos’s solution. The integration aims to provide an improved customer experience for mortgage borrowers by streamlining the closing process. “We have demonstrated the power of TotalEclose through our integration with Finastra’s MortgageBotLOS, creating an innovative automation tool […]
Most Mortgages Foreclosed On In March 2021 Are Either Present Or Closed: CFPB
Most borrowers who had mortgage waivers in March 2021, including disproportionately affected borrowers of color, were either on or off by March 2023. This is according to data released this week consumer financial protection bureau (CFPB) Office of Research. Shortly after the start of the COVID-19 coronavirus pandemic, the Coronavirus Aid, Relief, and Economic Security […]
How your rental history could ultimately help you qualify for a mortgage
How to report your rental history As we said, you can start by contacting your landlord and credit bureaus. However, you can also look into services that exist solely to ensure that your rental history is part of your credit score. The most prominent of these are Plastik and Rentmula. Although these services will likely […]
How To Start Flipping Houses (And Actually Make Money)
microflipping With microflipping, you don’t focus on distressed properties and you don’t deal with fixer-uppers. Instead, you browse property listings, check the numbers, and find below-market deals. You would then acquire the property and immediately resell it at a marginally higher price. Microflipping has slim profit margins. However, you can also scale up the strategy […]
12 American Cities to Avoid Living in
Helena-West Helena, AR Shutterstock population: 10,749poverty rate: 45.2% (State: 17.0%)5 year. Average Unemployment: 11.8% (State: 5.1%)Average Home Value: $73,400 (State: $127,800)US News State Ranking: 44 According to Data USA, the median household income in Helena-West Helena is $22,177. This is well below the national median annual income of $65,712. Similarly, the poverty rate of 45.2% […]
