ARCHIVED BLOG POSTS
2009
1
Comments
Have you looked at the new Good Faith Estimate yet? Well I would encourage you to. Starting January 1st lenders are required to use a new GFE. It is a three page document now, not just one. It does spell out quite well what the closing costs are and what they are for. There will be some conf...
12/23/2009
2
Comments
Effictive Saturday, December 12th the underwriting engine that is used to approve most loans is reducing its ratios to 45% with some flexibillity to 50%. In the past we could run DO and get approvals to 54% normally and in the low 60's with a stong buyer. What this means is the buyers debt to i...
12/08/2009
Rainmaker
66,856
66,856
Jerry Wright
MLO 181458