Mortgage help and assistance for homeowners is readily available anytime you need it. If you are a homeowner whose home or place of employment has been affected by a hurricane during last year or by any
A possible game-changing real estate technology is being adopted in some states in the United States. This technology called REMINE had already been adopted in Michigan and Texas in early 2017. What makes the new software a possibly game-changing is that it adds a beautiful visualization of date
There is a new federal tax law being implemented – The Tax Cuts and Jobs Act (TCJA). Many lauded this bill because it is said to help most Americans by increasing their take-home pay and lowering both income and corporate taxes. How will this new law affect the mortgage industry?
The United States government experience a shutdown over the weekend. Though it does not mean that there will be no government operation at all, the fact is there will be no operation for non-essential sectors. One of the sectors that will be affected by this is the mortgage industry. Now, what
Fannie Mae and Freddie Mac, the primary government-sponsored enterprise (GSE) which focuses on mortgage and housing unveil their new Duty To Serve plan. Both of the GSEs will be focusing on affordable housing, rural housing and manufactured housing. This new plan is a blueprint to
Easier mortgage conditions might just be underway. It should be easier to get a mortgage if lawmakers will pass the “Dodd-Frank Act Reform Law” which will lift lending restrictions on community banks. Currently, the US Congress is discussing if it would be possible to ease some of the mortgage laws as
Fannie Mae (FNMA/OTC) announced that they are introducing an enhancement to their Healthy Housing Rewards Initiative. This financial incentive dubbed as Enhanced Resident Services is a financial incentive offered to affordable multifamily borrowers. It also aims to improve
This year there will be major changes to the Real Property Appraiser Qualification Criteria. Also, the Appraiser Qualifications Board (AQB) is in its Fourth Exposure Draft concerning proposed changes to the AQB’s Real Property Appraiser Qualification Criteria. How would these new
A mortgage is not just about owning your dream home or owning a home for your family. There is a part of you that wants to live the life of your favorite Hollywood stars and celebrities. Do you want to own famous celebrity homes and real estate? Mansion Global shares some of the famous
In a recent research, Fannie Mae in its third-quarter National Housing Survey® revealed very interesting details about Gig Economy workers. According to the survey, it is most likely that gig economy workers will consider buying a home compared to non-gig economy workers.
Millennials compose most of the US population, in fact they had been the turning tides for politics as well but why are Millenials also important for the real estate industry? According to a report by Down Payment Resource, 61% of first-time homebuyers purchased their homes under the condition of low downpayment (6% or less). This […]
Currently it might seem that mortgage regulations had been a bit stricter for non-bank mortgage lenders. Presently about 99% of banks or those with assets of less than $10billion are exempt from the Consumer Financial Protection Bureau (CFPB) regulation. This situation is the reverse when it comes to non-bank mortgage lenders which are subject to […]