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VA loans: What they are and how they work
Bankrate via AOL· 2 hours agoThat increases the total amount you’re borrowing and the total interest paid. Here’s what you’ll pay: Down payment First-time use Subsequent...30%...
Daily mortgage rates for April 19, 2024: Rates surge, rounding out tough week for homebuyers
AOL· 10 hours agoFrequently asked questions about mortgage rates What are mortgage lenders? Lenders are financial...
Mortgage loan modification: What it is and how to get one
Bankrate via Yahoo Finance· 3 days agoFHA loan modification: There are a few options for an FHA loan modification, including an...
5 things to avoid if you’re applying for a mortgage (and 3 things you definitely need to do)
CNBC· 9 hours agoOf the millions who applied for a mortgage loan in 2023, close to 12% were turned down, according to...
FHA and VA Announce New Loss Mitigation Options | JD Supra
JD Supra· 4 days agoBoth the FHA and VA have established new loss mitigation options to provide payment reduction to delinquent borrowers. On February 21, 2024, the Federal ...
Can't make your mortgage? Here are some options
CNBC· 5 days agoReach out to your mortgage servicer and discuss what options are available. You might also want to connect with a housing counselor approved by the...
Private mortgage insurance (PMI): What it is and how it works
Bankrate via AOL· 1 week agoRequest PMI cancellation: Federal law also allows you to request that PMI be canceled when you have...
Ginnie Mae expands its monthly single-family reporting - HousingWire
HousingWire· 4 hours agoThe agency said that this move underscores its commitment to vigilant monitoring of delinquent loans, which can exert financial strain on nonbank entities. “The PDS revision is an important ...
US FHA Introduces Payment Supplement Loss Mitigation Option | JD Supra
JD Supra· 1 week agoIn this Legal Update, we provide details on the mechanics of the Payment Supplement and discuss some of its potential benefits and drawbacks. In the face ...
3 Ways to Lock In Lower Mortgage Rates
The Wall Street Journal· 1 week agoSellers, too, need to beware. In situations where the buyer defaults on the loan, the seller may be liable to the lender for any outstanding debt if he...
