With the great housing reform debate underway, the White House recently weighed in with President Obama’s plan for the future of housing finance in America. The President laid out a vision for housing finance, with key elements similar to those embraced by many stakeholders in the nation’s housing finance system. This is an issue that affects the well-being of every American, whether a homeowner or a renter, and we welcome the President’s attention and leadership.
Tag Archives: mortgage
The DOs and DON’Ts of a New Mortgage
You’ve made a great decision to buy a home. Now what?!
From now until you closing, you’ll want to keep your accounts clean when it comes to getting a mortgage. Here are just a few things to remember throughout the process.
Bizarre Mortgage Requests Delay Borrowers
Underwriters are being extra vigilant in verifying every detail of a mortgage application, and some of their requests for information, borrowers say, are downright odd.
For example, one borrower says an underwriter demanded a letter from his doctor that an illness he had would never come back. Another borrower says that an underwriter told her she needed to get verification from her employer on her employment status when she listed “homemaker” as her occupation.
A borrower said an underwriter asked him for a letter of explanation on a $6 deposit he made (the borrower earned $10,000 a month at the time).
Managing The Real Estate Details 