The release of Desktop Underwriter® Version 10.1 means more convenience for borrowers applying for conventional loans, cutting back on appraisals, project reviews, and self-employment income requirements. Not only that, Fannie Mae allows for shortened or truncated asset account numbers to further Read more
Archives for October 2017
How to Spot a Phishing Scam
The Federal Trade Commission has warned the public about phishing scams, an email targeting hack attack that takes advantage of mortgage closings. The current market for housing is still tight, with skyrocketing demand and an ever scarce supply. Unfortunately, the market is not only Read more
Thinking About Selling Your Home This Fall? Here Are Tips That Might Help
It's fall season. But as beautiful as this season gets, it could also be a good time for home buyers to fall in love with homes that they would potentially call their own.Like buying a house or applying for a mortgage, selling your home has its own hurdles, too. But these things are easy to deal Read more
Fannie Mae Removes Cash-out Seasoning for Properties Listed for Sale
It’s not everyday that a home is sold in a month or less. Some properties remain unsold on the Multiple Listing Service (MLS) for six months. What if a homeowner has a change of heart and decides to do a cash-out refinance instead? What about the usual cash-out seasoning period?Existing Read more
Green Home Construction Sees Ubiquitous Growth
Green homeconstructionfor both single-family and multifamily housing units had increased significantly this year. A recent researchconducted by the National Association of Home builders (NAHB) shows that more than 60 percent of the overall construction activity in the country involves the creation Read more
