September 27, 2012
In
Blog, Lender Solutions
September 24, 2012
In
Blog, Lender Solutions
Is Low Mortgage Rate a Mirage?
Mortgage rates have been hitting record lows for the past few months, but that has not increased the rate of home sales around the nation. Why is that? There are many factors that are obstructing home sales, including bad credit, low income, and the tougher
September 17, 2012
In
Blog, Lender Solutions
Foreclosure; the Apple that Leaves a Bad Taste
In times when ‘For Sale’ boards and foreclosed homes are rampant, one often thinks of the expression ‘one rotten apple spoils the whole barrel’. Is it really true in the case of housing market? Well, according to a study conducted by economists from MIT and
September 10, 2012
In
Blog, Lender Solutions
Are we safe with Electronic signature?
So the go green trend has caught up with the Internal Revenue Service (IRS) and the Federal Housing Administration (FHA). They are going paperless by implementing electronic signatures on income tax forms.What do you think? Will it bring security and ease?
September 10, 2012
In
Blog, Lender Solutions
Paperless Mortgages
In this day and age when everybody is on a quest to go paperless, the Internal Revenue Service (IRS) and the Federal Housing Administration (FHA) have been working together to implement e-signatures in the mortgage world. A part of this venture was a successful pilot
September 3, 2012
In
Blog, Home Mortgage, Lender Solutions
Proposed Appraisal Requirements for High-Risk Mortgages
If you own a mortgage or are thinking of taking one, then the new changes in the Dodd-Frank ACT will be of interest to you. As of August 15th, 2012, the Federal Reserve and five other financial regulatory agencies have proposed a new appraisal requirement
August 27, 2012
In
Blog, Lender Solutions
Will Refinancing Get Easier?
A few days ago, President Obama announced that he plans to heal the wounding American economy by pushing the Congress to pass the Home Affordable Refinance Program. The bill will help ‘responsible’ homeowners refinance their mortgages at a much lower rate and will amount to
August 20, 2012
In
Blog, Lender Solutions
Difference Between the Forms 4506, 4506-T and 4506T-EZ
As you know, we have covered form 4506-T extensively in our previous blogs. Since some of you asked, we would like to clarify difference between the forms 4506, 4506-T and 4506t-EZ. 4506 This form is used to obtain a full copy of your income tax return.Includes complete
August 13, 2012
In
Blog, Lender Solutions
Current Trend in Foreclosure Rates
According to a report by RealtyTrac® Inc., 1 in 666 housing units received a foreclosure filing in June 2012. This increase in foreclosure was seen in almost 60% of larger cities in the U.S., and is an indication that there will be many homes on
August 6, 2012
In
Blog, Lender Solutions
Mortgage Rate Dip Again
On one hand we have hints of an improving economy but on the other we have news from Freddie Mac that the 30-year mortgage rates have hit rock bottom, at least close to that. They are at a new low of 3.49 %, which is