Today the federal government announced new rules that may allow homeowners who are struggling borrowers to refinance their mortgages at today’s ultra-low rates by reducing monthly payments for some homeowners. The goal is that the monthly savings could provide a …
Important Changes to Home Affordable Refinance Program (HARP) Read more »
Predatory Lending Considerations Subprime lending is not synonymous with predatory lending, and loans with the features described as Subprime are not necessarily predatory in nature. However, institutions should ensure that they do not engage in the types of predatory lending …
Question: My partner and I are not married and only one of us is an eligible veteran while the other is not. Can both our income be considered for the loan application? Answer: YES, as long as one of you …
Underwriting Tip – VA Loans Unmarried Applicants Read more »