Non-QM, Correspondent, Outsourcing, Income Verification Tools; Third Party Updates; $31 million Warehouse Settlement
“My landlord told me that she would like to have a chat with me about the house's sky-high heating bills this winter. I told her, ‘Sure thing, whenever you want. My door is always open.’” A key selling point for originators, in talking to potential clients on the fence about buying a home, is rent. Rents have been increasing, and there’s no sense of permanency, but if you can’t pay your rent, qualifying for a home loan is going to tough. LendingTree found that more than 8 million U.S. adults live in a household not caught up on rent payments. A...
Source: mortgagenewsdaily.com
