While you can certainly report errors found on your credit report, the resolution of these active disputes can take a while and take a toll on your ability to get a mortgage. That is, disputed tradelines stall the loan application process under generally strict underwriting guidelines.But that Read more
Qualifying for Mortgages Is Now Easier for Self-Employed Borrowers
Fourteen percent (14%) of respondents surveyed by the Federal Reserve Board received income from self-employment in 2016. And nearly 15 million Americans are self-employed based on Pew’s research.Up until now, it’s been widely known that there are great challenges faced by self-employed Read more
Fannie Mae Tackles Student Loans, Timeshares and More in Far-Reaching Mortgage Guideline Update
Fannie Mae’s rollout of Desktop Underwriter® Version 10.1 on July 29, 2017 was more than just a periodic software update. The new release had significant changes that signaled the government-sponsored enterprise’s (GSE) loosening of its mortgage guidelines on several fronts to widen mortgage credit Read more
Fannie Mae’s Wide Ranged Guideline Changes and Eased Risk Assessment Expected to Help 100K Applicants Per Year
Fannie Mae has just instituted sweeping changes on how conventional loans are approved, making it easier for more creditworthy borrowers to access mortgages and improving the ability for those already qualified to borrow more. It is expected that with the relaxed mortgage guidelines, that 100,000 Read more
