Category Archives: mortgage underwriting

Government shutdown makes it harder to get a mortgage

According to Fannie Mae, for loans other than high-LTV refinances with application dates on or after Jan, 16, borrowers must have reserves equal to whichever is greater: -Two months of documented reserves or For loan case files underwritten through D {...}

Mortgages with Student Loans Just Got Easier

Currently, student loans that are in repayment are subject to different requirements than those that are in deferment or forbearance. In response to Seller feedback, we reviewed our requirements for liabilities included in the monthly debt payment-to {...}

Solution Number One to Housing Crisis

Down payment guidelines must change. I don’t play ice hockey goalie anymore. Why? I’m way too slow for the new punks playing the game. Some of the mortgage underwriting guidelines are way too slow for the new buyers. If you have read my posts be {...}