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Mortgage Loan News


Government-sponsored firm Fannie Mae this week released guidelines on timelines for proceedings related to questioning borrowers about post-forbearance disaster deferrals in circumstances where a loan has been in arrears since 12 months. Among other things, the new guidelines released on Wednesday make it clear that when an agent solicits a borrower who has not paid …

HUNTSVILLE, Alabama – Huntsville City Council has voted to fill the vacant District 4 seat on the City of Huntsville School Board. The board chose Ryan Renaud to replace the former vice-chair of the HCS Board of Education, Walter McGinnis. Reynaud was one of five candidates who interviewed for the post. “We are grateful to …

A seasoned mortgage buying and leasing specialist finalized his largest and most complex loan to date – a five-year £ 17.35million buy-lease facility for PTL Estates . The Octone Mortgages loan, made at 4.99% with a deferred interest of 1.0%, required a very complex underwriting as it involved the refinancing of no less than 40 …

Homespire Mortgage announced that it is now an Authorized Dealer / Repairer for Fannie Mae and Freddie Mac. The Maryland-based mortgage company said becoming an approved provider for government-sponsored businesses was an “important goal” of Homespire’s strategic business plan and a milestone in its continued growth. With the approval, Homespire will also have access to …

Newrez LLC hired Mike Smeltzer as Senior Vice President of Non-QM Loans, effective June 7. In his role, Smeltzer will be responsible for managing the production of Non-QM origination across all Newrez origination channels. He will also play a leading role in the growth of Newrez Non-QM production with product development through the credit risk, …

The VA Loan is a mortgage loan program offered by the United States Department of Veterans Affairs. What this program does is that it sets the eligibility requirements and standards, dictates the terms of the mortgages offered, and secures a portion of the loan. One thing to note however to avoid confusion, it does not …

US employers created 559,000 jobs in May, an improvement from the slow gain in April, but still proof that many companies are struggling to find enough workers as the economy quickly recovers from the pandemic recession . Last month’s employment gain was higher than April’s revised total of 278,000. The unemployment rate fell from 6.1% …

After searching for a home to find the perfect property, you need to do another search. It’s a title search. Finding properties might not be as exciting as dreaming about browsing or moving in, but it is an important step in real estate transactions and can impact your purchase if a question arises. Here’s what …

June 4 – ALBUQUERQUE, NM – A merger between Sandia Laboratory Federal Credit Union and Animas Credit Union is expected to become official on July 1, according to an SLFCU spokeswoman. The merger, which began last summer, will add three branches to SLFCU and is expected to be completed in summer 2022. The deal was …

NEW YORK–(COMMERCIAL THREAD) – Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three categories of banknotes issued by GoodLeap Sustainable Home Solutions Trust 2021-3 (“GOOD 2021-3”), an asset-backed securitization guaranteed by a pool of consumer solar loans and home renovation loans. The collateral pool consists of approximately $ 417.39 million in solar loans and …