![]() “Find out why Planet Home Lending’s Correspondent network continues to grow and how you can get those opportunities in 2022. Email to schedule a personalized demo today. Start 2022 off right by giving your customers the digital home management gift that keeps on giving. It even takes into consideration items that appraisers and other automated valuation models don’t… things like maintenance credits, appliance upgrades and home improvements or remodels. Using HomeBinder’s adaptive home valuation tool, homeowners stay up to date with the appreciating value of their investment over time. Why waste time and money on a gift that isn’t wanted, when the best gifts are practical and will actually be used by their recipient? HomeBinder, a digital home management platform, is the perfect useful gift that makes understanding and maintaining a home’s value easy while improving relationships between homeowners and the businesses that serve them. The FHFA is probably hoping that the private label security (PLS) market will really step in and take second homes for good.” Today’s audio version of the commentary is available here and this week’s is sponsored by Real Estate Connection (REC), a boutique real estate brokerage that acts as a centralized and organized, fully-managed real estate fulfillment service, connecting buyers with local qualified Real Estate Agents and walking them through the entire home purchase and selling process with the lender partner.ĭespite the fact that the average American shells out $1,000 on holiday gifts, 75% of people admit to not liking the presents they receive. One seasoned vet wrote to me, saying, “This is a blunt way for Fannie to get rid of that business. Jumbo loans (if the client has the required reserves) may be a (and probably will be) a better alternative. These updated fees are effective for mortgages with settlement dates on and after April 1, 2022.” Freddie & Fannie’s change, although the industry has nearly three months to adapt pricing, is a huge adjustment. We are making these updates in light of the significant increase in the 2022 loan limits and under the guidance of the Federal Housing Finance Agency (FHFA). Freddie announced “…changes to our Credit Fees in Price for super conforming mortgages and mortgages secured by second homes. NON QM LOANS 2021 MACWe were reminded of this yesterday when Freddie Mac and Fannie Mae, via their conservator FHFA, publicized April changes to their loan level price adjustments. Moves by Freddie, Fannie, FHA, and VA have a ripple effect on the jumbo and non-Agency market as well. There’s a lot of news out there to start 2022, including mortgage news. Today is about the day when you have to think twice about wishing anyone, “Happy New Year.” Okay, maybe tomorrow. Mortgage Backed Bonds and Securitization. ![]()
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