In our ProSchools 20hr SAFE course we have an instructor assignment which involves reading about the disastrous sub-prime crisis of 2005. It is very important reading since it covers what went wrong in our industry at that time.
Here is a superb article that sums up what happened after the implosion and I think every student in our course wo
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$417,000 is good for another year.
The Federal Housing Finance Agency (FHFA) today, Nov. 29, 2012, announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2013 will remain at existing levels. In most of the country, the loan limit will be $417,000 for one-unit properties. The loan limits are establ
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Many students ask how many loans they will be able to close in a month. Obviously this relates to wondering what their income will be. And while there is no “one-size-fits-all” answer, here is some great info presented by Rob Chrisman reporting for the “Mortgage Daily News.”
Many shops will not actu
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FANNIE & FREDDIE TO STANDARDIZE
SHORT SALE PROGRAMS
The Federal Housing Finance Agency (FHFA) released new information on August 21st, indicating they will align Fannie Mae and Freddie Macs existing short sales programs into one standard short sale progr
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Welcome to the “transparent” mortgage world. That is one of the buzz words in the industry these days. Nothing is hidden from view.
The NMLS recently upgraded their system capability to enhance the license renewal process, increase access to credit reports for regulators, and update the way public disclosure information wil
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Are presidential candidates ignoring the mortgage and real estate industries? It looks like they definitely are!&
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Often, students think that if a borrower has ratios that do not meet the guidelines for a Conventional, FHA or VA loan that the borrower would qualify for a jumbo loan, which is apparently a common misconception in the minds of new loan originators.
According to Wikipedia (The Free Encyclopedia), the definition of a jumbo loan in the United States
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