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Top News In Underwriting Guidelines Today - Breaking & Trending Today

Jumbo, Non-QM, Accounting, Servicing, Processing Tools; Conv. Conforming News; STRATMOR on Customer Experience

Published: December 13, 2023

“I'm at a place in my life where errands are starting to count as going out.” No one’s getting any younger, and like time marching on, technology does as well. For history buffs, here is a recording of the voice of someone born in 1800, at the 13:30 mark in the video. Fast forward, and something that enthralled countless kids has run its course: The last Chuck E. Cheese animatronic band in the world will exist in Northridge, California. Remember when that chain was popular for kids’ birthday parties? Assumable mortgages were, at one point, popular as well, b...

Source: mortgagenewsdaily.com

Fulfillment, Social Media Compliance, Jumbo Products; Conforming Conventional Changes

Published: December 5, 2022

“Hey Chet, since you’re the new guy here with the park U.S. Geological Survey in Hawai’i, you’re going to be the one placing the live cam on the volcano for our YouTube feed. Splendid! We’ll be behind you all the way.” (Apply to mortgage banking however you see fit.) Scooting back to lending, I am occasionally asked about high balance conforming conventional loans, and why so much of the country doesn’t care about them (to be somewhat blunt). The MBA put out a fine map showing “high-cost areas” defined by the FHFA as “areas ...

Source: mortgagenewsdaily.com