For High-Balance Mortgage Loans, the Timing is Perfect
It happened the day before Thanksgiving, so no one would blame you if you missed it. Okay, at least I won’t blame you. On Nov. 25, 2015, the Federal Housing Finance Agency, (FHFA) set the 2016 maximum conforming loan limits for Fannie Mae and Freddie Mac. The timing...
Want to Close More Loans? Help Borrowers Find Financial Stability
I know, I know: You’re a loan officer, not a financial advisor. But maybe, just maybe, you’re actually both. Consider prospective first-time homebuyers. They want to buy a house, and you want to help them secure financing in a responsible fashion. You know what it...
Community Reinvestment Act: What’s Your Strategy?
Over the last several months, I have had the opportunity to talk with many mortgage lenders. Aside from TRID implementation in October, they all noted that developing or growing their Community Reinvestment Act (CRA) strategy would be one of their most significant...Featured Webinar
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