Statement of Service Active Duty Military or Reserves But active duty or reservists may be required to provide the statement of service. Proof of service for Veterans on active duty is a statement of service signed by, or by the direction of, the adjutant, personnel office, or commander of the unit or higher headquarters they are also attached. There is …
While this report seems to show mortgage credit standards are loosening, 88.9% of lenders said that mortgage credit for GSE-eligible residential mortgages remained the same over the past three months, according to the survey from the Fed. Qualified mortgage non-jumbo loans, non-GSE-eligible mortgages, saw credit standards remain the same at 95% of banks. QM jumbo loans eased somewhat for 7.9% …
Partnering with the right investor can help you minimize risk while expanding your product offering at the same time. Recently, they launched a doctors loan program to meet the credit needs of newly minted doctors and dentists, and are looking to expand further into additional QM products in the coming year. We don’t look to just purchase loans, but to …
Throughout Digital Risks Break the Glass Executive Women’s Sonoma Summit, we brainstormed how and why disruption in the mortgage industry should be spearheaded by one of the most influential, highly educated, and fiscally responsible consumer groups women. The Urban Institutes research shows that while single women often carry more debt and have lower credit scores, they are better at paying …
Last year the share of single women fell to its lowest point since 2002s 15%, but this year they seem to be making a comeback. However, while men may be slower to enter the market, homes owned by single men have a 10% greater value and appreciate 16% more than homes held by single women, according to an analysis …
Lender’s short-term priority needs to be developing innovative customer acquisition strategies to maintain and grow market share, as well as improve efficiency to combat a sustained low-interest rate environment. Accenture’s 2016 North America Consumer Digital Banking Survey found that while the digital transformation in a mortgage is well underway, the push to develop personalized customer experiences still dominates the consumer …
Speaking before a packed house gathered Wednesday on the 7th floor of the Newseum in Washington, D.C., Core Logics chief economist, Frank Nothaft, told the crowd of housing insiders that anyone waiting for any dramatic shifts in housing, interest rates, or otherwise is likely to be left waiting. Even if the FOMC does raise rates, mortgage interest rates will stay …
It is everyone’s dream to become a homeowner, despite the many expenses that come along with it. However, there are many expenses associated with homeownership that you’ve not even considered yet. Take a look at five of them and decide if buying a home is still something that you want to do. Key Takeaways: http://www.nchfa.com/news/top-5-hidden-expenses-home-ownership Alliance Credit Counseling 8000 Corporate …
The North Carolina Housing Finance Agency performed a service project for Building Independence in Raleigh, North Carolina. Over 50 staff members participated in the project. The volunteers spent their time doing landscaping work, ranging from planting trees and shrubbery, to laying sod and mulch and installing rolls of lawn. The agency thanked everyone for participating. Agency Celebrates Service Project at …
There are few things home buyers need to be careful of before closing on their home. Be careful of paying off or settling collections and closing revolving accounts, auto loans, or student loans. Another thing to keep in mind is to be careful about opening new accounts or adding balances to cards, therefore increasing your overall debt balances and debt …