Month:
Clarification on Agency QM status; Fitch, Moody’s, and Ocwen’s Take on Non-QM Loans
“A group of government regulators out hiking in the Artic has managed to revive a caveman who was frozen for thousands of years. Communications so far have consisted of monosyllabic grunts, but the caveman is confident he can teach them some words.” It is easy to poke fun at regulators, but at this po
Mortgage Rates Almost Perfectly Flat Ahead of Jobs Report
Mortgage rates were almost perfectly flat today, despite moderate weakness in bond markets. This is largely a factor of yesterday’s weakness and the fact that it coincided with the morning rate sheets. While some lenders did undergo price improvements yesterday afternoon, they were generally con
NORTHSTAR FUNDING IS APPROVED IN PA!!!
License Number License Name Status MCL-139369 Connecticut Mortgage Correspondent Lender License Approved MBR708 Florida Mortgage Broker License Approved 0751973 New Jersey Correspondent Residential Mortgage Lender License Approved A007412 New York Mortgage Br
Understanding FHA Loan Limits
FHA loan limits can vary by county, property type, and year. Because they are updated periodically, use the official lookup tool for the property you are considering rather than relying on historical figures.How to check a current limitStart with the property county and number of units, then consult the official
Archived Report on Short-Term Mortgage Rate Movement
Historical mortgage-rate report. This URL once described a tentative, short-term change in mortgage rates. The old rate figures and references to that day's market have been removed. They cannot be used to infer a current offer, a continuing trend, or what any borrower will qualify for. Compare an offer that f
Never tear down anything unless you are prepared to build something better in its place.
This rule applies to both individuals and things. It’s easy to criticize other people thoughtlessly for their shortcomings, and equally easy to find fault in their work or in situations that are not to your liking. It is far more difficult to be a builder of people and to create works of art, useful product
Archived Mortgage Rate Report About a Past December Market
Historical mortgage-rate report. This page formerly compared a day's mortgage rates with levels from an earlier December and made near-term rate predictions. Those rate figures and expectations have been removed. The comparison belonged to a past market period; it is not a current rate quote or forecast. Use c
NORTHSTAR FUNDING SAYS “YES”
NORTHSTAR FUNDING SAYS "YES" NORTHSTAR FUNDING SAYS "YES"
Refinancing a Property Held in an LLC
Can you refinance a property held in an LLC? Possibly. The answer depends on who owns the LLC, who owes the current loan, the purpose of the refinance, the property, and the lender's program. An LLC-held property does not automatically qualify for an individual mortgage, and there is no universal “no seasoningâ
Market Report Tapering
Market Report Tapering Markets were shaken by tapering fears this week. Following last week’s unexpected upturns in GDP growth and job creation, investors worried that the Federal Reserve would begin cutting back on stimulus. These fears were compounded by the budget deal that Congress reached on Tuesday. T
4 Home Buying Ducks to Get in a Row for 2014
Now, when it comes to putting your own ducks in a row in advance of buying a home, a few things are key. First, start early. Whenever you think you should get started doing the actual prep steps, work backwards about 3 or 6 months before that on the calendar and start then. Secondly, be bold. I find that m
