Bankruptcy and Foreclosure Policy Changes

Selling Guide, Part X, Section 302.10, Prior Bankruptcy or Foreclosure; and Section 803.02, Payment History
Announcement 08-08, Mortgage Eligibility and Pricing Updates for Desktop Underwriter® and Manually Underwritten Loans, dated March 31, 2008, outlined changes to the requirements for borrowers with a prior foreclosure in their credit history. With this Announcement […]

Mortgage Markets Unfazed by Higher Inflation The week’s headline economic report showed that inflation rose far more than expected in July, yet mortgage rates barely reacted and ended the week essentially unchanged. The July Consumer Price Index (CPI), the most widely watched inflation indicator, rose at the fastest annual rate since 1991. The core rate, […]

Recruiting the right retailers
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Written by Amy Stansbury Friday, 06 June […]