Alt Doc News Today

Better Choice has announced a partnership with the aggregator to enhance commercial loan solutions for brokers.

Explore the essentials of low doc home loans in Australia: eligibility, documentation, pros and cons, and lender options. A comprehensive guide for self-employed borrowers seeking property ownership.

“If you know someone who has an intense fear of store Santas, would you say they were suffering from Claus-trophobia?” For individuals or companies, do you have a fear of being hacked? Under the heading of “It’s not if, but when…” First American “has experienced a cybersecurity incident. In response, we’ve taken certain systems offline [like the main website above] and working to return to normal business operations as soon as possible.&#x2...

If olive oil is made from olives, what is baby oil made from? The regulatory framework, some would say “tangled web,” facing lenders is made from hundreds of federal, state, state, local, and quasi-governmental bodies. Analogies aside, near the top of the heap is the Consumer Finance Protection Bureau. The CFPB makes its priorities known and is concerned with redlining among other things. The CFPB can’t do anything about rising credit score costs, but for some reason people ...

In a bid to help mortgage brokers grow their businesses, two non-bank lenders have announced a partnership. Non-bank lenders Bluestone Home Loans (Bluestone) and Angle Finance have announced a new pa

The non-bank lender has announced decreased serviceability buffers across all its products along with a slew of other policy changes.  

One of the topics here in Tennessee is how lenders can help real estate agents or clients. Wanna maybe help your client or favorite real estate agent grappling with inventory? HUD has a “Home store” of houses. Worth a shot at 3.5 percent down properties! For something to really start your synapses firing on a Monday morning ahead of a five day work week, the CEO of the California MBA, Susan Milazzo, sent, “The latest effort to pass legislation to address California’s ...

Planet Home’s Michael B. reminds me, “I miss every shot I don’t take.” The topics here in Orlando at the FAMP convention include not only prospecting, prospecting, and… prospecting, but also not missing a shot by offering clients more than a couple products. Freddie, Fannie, FHA, and VA are fine, but every client and referral source is precious, and what happens if someone walks through the door and needs a loan for a renovation (remodel), or a condotel, or a n...

Some things are fortuitous. For example, if Sting hadn’t been in Montserrat windsurfing when Dire Straits was recording “Money for Nothing,” would we have ever heard the iconic “I want my MTV” 38 years ago? Some things don’t go so smoothly, like insurance in places like California and Florida. Farmers Insurance is the latest home insurer to pull out of Florida’s market, labeling the move as a business decision that was “necessary to effecti...

“The world is going to come to an end tonight at midnight. Tune in tomorrow to see if it did!” Sensationalist headlines or bad predictions are tiresome at best, misinformation at worst. There is actual news, however. For example, thank you to the Knowledge Coop’s Ken Perry who sent along the latest in the Matter of ICE and Black Knight. LOs and underwriters know that the Supreme Court overturned the Biden administration’s student-debt forgiveness plan which would have...