Another mortgage lender reduces maximum loan size

Posted on Mar 14, 2015 in Stated Income Loans

Harrisburg budget blame game begins
Harrisburg budget blame game begins as a retiree accuses the Legislature of not working hard enough to fix $ 50 billion pension debt problem it help create while seeking to sabotage Gov. Tom Wolf's budget … Tom Wolf's budget would pump millions of …
If you would like more informaiton please visit here…

Hurdling the Health Access Barrier
When health care is needed but is delayed or not obtained, ed discount people's health worsens, ed which in turn leads to lost income and higher health care costs, both of which contribute to poverty.[1][2]. I'm lucky. … I can access my personal health history …
For more informaiton please visit here…

Florida Senate to consider Medicaid expansion proposal
"But we have the obligation to make coverage affordable and the opportunity to develop a consumer-driven approach — one that provides access to high-quality, affordable health care coverage while promoting personal responsibility. We should develop …
For more informaiton please visit here…
FHFA Director Mel Watt Says HARP Can't Last Forever
Federal Housing Finance Agency (FHFA) Director Mel Watt said the FHFA would not continue renewing programs like the Home Affordable Refinance Program (HARP) without an end, information pills even if the program is extended again before its December expiration …
More informaiton please visit here…

The MReport Webcast: Friday 3/6/2015
Federal Housing Finance Agency Director Mel Watt said the FHA would not continue renewing programs like the Home Affordable Refinance Program without an end, even if the program is extended again before its December 31 expiration date, Wednesday …
If you would like more informaiton please visit here…

Prudential Agricultural Investments expands originations team
Dam joined PAI in mid-February 2015 from Farm Credit of Central Florida, visit ACA and has relocated to Fresno, this Calif. reporting to Frank Oberti, seek principal and Southwestern Regional Head in that regional office. Dam is responsible for agricultural mortgage …
If you would like more informaiton please visit here…

Today's Mortgage Rates Worst For Buyers In Florida, Best For Buyers In California
HARP mortgages from Fannie Mae and Freddie Mac are not considered "prime", nor are VA loans or FHA loans which are backed by the Department of Veterans Affairs and the Federal Housing Administration, respectively. Freddie Mac's weekly survey …
If you would like more informaiton please visit here…

Greece's hope for Eurozone aid shifts back to Brussels
“The government is represented at the Eurogroup by Finance Minister Yanis Varoufakis.”Late last week, viagra Varoufakis submitted a set of proposed measures, including an unorthodox plan to enlist Greek citizens and tourists in an undercover program meant to …
If you would like more informaiton please visit here…

Madison's Conley, Baillie, Wolkowitz to run as team for re-election
Mayor Conley stated, “Four years ago when I announced my candidacy for Mayor I spoke about the need for change in borough government, especially as it relates to positive leadership, fiscal management and responsibility, respecting the great resource …
If you would like more informaiton please visit here…

Upcoming Training and Events; Merger/Acquisitions Update; MBA Weighs in on
Highlights of the report include single family home prices in most areas in the U.S. have started to rise again based on November indices and the 12 month projection published by Weiss Residential Research. The correlation between rates, medical new mortgage …
For more informaiton please visit here…

What Could Replace PIMCO High Income Fund?
Floating rate loans are relatively short-term loans made to companies that can't or choose not to access the bond market. These loans generally come with higher yields that are pegged to the market's prevailing interest rate plus some percentage. Loan …
More informaiton please visit here…

5 Most Lucrative Side Hustles for Professionals Needing Higher Income
NEW YORK (MainStreet) — With rising rents and hefty student loan bills to pay, page it's no wonder many Millennials need a secondary source of income just to stay afloat. After the 9 to 5 grind is done, look more workers are turning to a "side hustle," or …
For more informaiton please visit here…

Lender offers FHA loans with no FICO score requirement
Many have quipped that FHA has become the replacement for subprime because they have very low standards for qualification, view a very low down payment requirement (currently 3.5%), and as a result, they have become the loan-of-necessity for anyone who …
If you would like more informaiton please visit here…

Low down payments make a comeback
FHA annual insurance premiums dropped dramatically at the beginning of 2015. The change, from 1.35% to only 0.85%, will make FHA loans a better choice for some borrowers after years of prohibitively high premiums, said Anthony Hsieh, chief executive …
For more informaiton please visit here…

Another mortgage lender reduces maximum loan size
TSB is the latest mortgage lender to reduce the amount it will lend to home owners as a proportion of their income. Last week the bank said customers will no longer be able to borrow more than four-and-a-half times their annual income. Previously it …
For more informaiton please visit here…

Will stated-income (liar) loans make a comeback?
When lenders underwrite new loans, one of the fundamental tasks they perform is determining whether or not the borrower can repay; therefore, rx allowing borrowers to simply state their income with no verification is an abdication of an underwriter's …
If you would like more informaiton please visit here…

Ditching FHA mortgage insurance no easy task
Your first trust deed is 80 percent loan-to-value or less and the remainder is put on a small second (hence, the name piggy-back). If your household income is $ 110,000 or more per year, mortgage insurance is not tax deductible. Certainly, here is …
For more informaiton please visit here…

Peter Boutell, Lending a Hand: One of the best first-time home buyer programs
This is the only first time home buyer program that actually puts money back in the home buyers' pockets each month and here is how it works: The homeowner gets a tax credit (not just a deduction) of 20 percent of the interest portion of the mortgage …
For more informaiton please visit here…

4avg.rating 18 votes.