Archive for August, 2017

WOWZA! Wells Fargo Sued Over Lock Fees

Wells Fargo Sued Over Lock Fees Aug 29 2017, 12:51PM Another day, another Wells Fargo consumer lawsuit.  This time the bank is confronting a class action suit accusing it of improperly […]

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Loans Outside The Box!

Loans Outside The Box! Loan Amounts: $150,000-$2.5M Allows **1 DAY** Out of Foreclosure or Short Sale/BK13 One Year Out of BK7/11 Allows Minimum 1 Year out of BK BK13 Buyout […]

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Credit Reporting and Credit Guideline Changes

Credit Reporting and Credit Guideline Changes Aug 29 2017 Different words have different meanings for different people. For example, instead of using the word “marriage,” Kim Kardashian prefers the phrases “limited […]

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Don’t Bet on a Home Price Reversal Just Yet!

Don’t Bet on a Home Price Reversal Just Yet! Aug 29 2017 Although home prices were generally expected to begin cooling off by the middle of 2017, the most recent […]

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MBS Week Ahead: Slow Summertime Trading Almost Done

MBS Week Ahead: Slow Summertime Trading Almost Done Aug 28 2017, Sometimes, events are such that the typical summertime trading patterns aren’t easily seen in terms of trading ranges and […]

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Foreclosure Inventory Finally Breaks 10-Year Low!

Foreclosure Inventory Finally Breaks 10-Year Low Aug 25 2017, It is hard to believe that it has taken more than a decade, but Black Knight Financial Services says the foreclosure inventory, […]

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Existing Home Sales Hit 2017 Lows!

Sales of existing homes, like those for newly constructed ones, performed poorly in July.  The National Association of Realtors® (NAR) said today that those sales of existing single-family houses, townhouses, […]

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Alternative Lending! When The Loan Does NOT Fit Into The Traditional Box!

Jumbo Loans with lower scores, LTV up to 90% – no MI Bank statements for self-employed to use as income Qualify borrowers off liquid assets, not tax returns No seasoning […]

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Mortgage News! Home Price Gains Slow on FHFA Index

The Federal Housing Finance Agency (FHFA) reported on Tuesday that home prices were up in 48 states and the District of Columbia during the second quarter of 2017.  The agency said that […]

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Residential Investment Weighed Down Q2 GDP

Real residential investment subtracted from GDP in the second quarter of the year to the greatest extent since the third quarter of 2010.  Fannie Mae’s August Economic Developments notes a 6.8 percent annualized […]

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