Despite the CFPB's notice of proposed rulemaking to extend the QM Patch, the GSEs sent a letter to lenders clarifying that they have to follow the revised QM rule.
Give borrowers a title report that puts problems in real terms and offers concrete turn times for resolution so they always know where they stand. If you're ready for simplified reports and seamless service until you're clear to close, you're ready for Radian Ready.
To accommodate the large volume of loans still in forbearance, mortgage servicers must have functional, flexible and effective forbearance processes in place. Here are some actionable steps to create that process. Presented by FICS
ADUs are a way to provide affordable housing options in a neighborhood – even a historical neighborhood. That's the good news. But there's a flip side to ADUs. HW+ Premium Content
If 70% of borrowers say they would return to their lender for a future loan, why do only 18% do so? This free white paper explores why borrowers shop around — and how lenders can increase borrower retention. Read the White Paper!
Acra Lending, the Nation's leading Non-QM lender, can help meet your customer's needs with no limit on 2nd home and investment property loans. Don't let these new regulations hold your borrowers back. Diversify your portfolio. Contact us today!
Kristy Fercho, head of home lending at Wells Fargo and chairman elect of the Mortgage Bankers Association, talks about how Wells Fargo is helping borrowers during COVID-19, the effect of forbearance exits on the housing market, and why she's optimistic about the big bank model.
The proposed rulemaking would provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021.
Rick Soukoulis has been disrupting the mortgage industry with tech innovations since the early 90's, and he is at it again with the ReadyPrice, a platform creating a virtual lending community between brokers and lenders in the wholesale channel. Read all about it in his latest interview here.
EmoticonEmoticon