Archive for the Underwriting Category

Mortgage Rate Update

Rhonda Porter on 11 20, 2009 | 8 Comments

Underwriting guidelines continue to get tougher.  This week FHA tightened her belts on streamline refinances and over the weekend of December 12, 2009,  Fannie Mae's DU 8.0 will be implemented.  

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Notice of Trustee Sales v. Trustee Deeds

Jillayne Schlicke on 07 1, 2009 | 14 Comments

Each month, Alan from Seattle Bubble religiously posts the Notice of Trustee Sale (NTS) numbers for King County. I'm very appreciative of his work because it saves me time each month so thanks again

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Calculating Income of Employed W2 Borrowers for Mortgage Qualifying

Rhonda Porter on 06 26, 2009 | 2 Comments

Jillayne wrote a post about the upcoming national licensing exam that mortgage originators will have to take and pass (unless they work for a depository institution) due to the SAFE Act.   She provi

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More Upcoming Changes to Underwriting

Rhonda Porter on 06 9, 2009 | 10 Comments

Fannie Mae issued Announcement 09-19 amending some very basic underwriting guidelines that will not only impact conventional financing; it will apply to FHA insured loans that are underwriting using F

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