For all those looking to own their land and do a construction of their home themselves, USDA loans has been a wonderful gift. While on the one hand there are only few loans that allow you to realize this dream, on the other, these loans are hard to get. Compared to other similar loans, a USDA loan can be processed…
New rules introduced by Freddie Mac will make it easier for more individuals to obtain mortgage modification. Part of the motivation for these new rules has been to allow more borrowers to qualify in order to receive a mortgage modification in the first place. This is why Freddie Mac announced changes last fall to their modification rules. The purpose is…
Caught in Two Minds about Outsourcing Your Mortgage Processing? Here’s Why You Need to Stop Doubting
Caught in Two Minds about Outsourcing Your Mortgage Processing? Here’s Why You Need to Stop Doubting
The mortgage industry has been subject to numerous different changes as a result of a tremendous economic downturn that has impacted the entire country and the industry for several years. As a result of increased regulations for the mortgage industry too, lenders across the board have been subject to complying with an increasingly complex set of regulations. This is happening…