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?
Many statistics show that 2018 will once again be a good year for housing and real estate. A new proposed bill in the US Congress might even make mortgage easier once it is passed. The big question now is how can you capitalize on this good trends in order to boost your career? In this […]
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