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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

Non-QM vigilance Pamela Hamrick, president of Incenter Diligence Solutions , which provides due-diligence reviews and document management services for the mortgage industry, said that prefunding reviews are also gaining more traction in the nonqualified mortgage ( non-QM ) space.

Loans 371
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Risk of mortgage fraud is on the rise in the current market

Housing Wire

In Hill’s case, he was sentenced this past January to two-and-a-half years in federal prison to be followed by three years of supervised release. The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. For purchase-only loans, that ratio tightens to 1 in 90 loans. “It Million — [Tampa, Florida].

Mortgages 382
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What to Know About FHA Loans

Realty Biz

If so, you have probably decided now is a good time to buy a house. If qualifying for a conventional loan is difficult, and you aren't eligible for VA or USDA loans, an FHA loan could be the answer. FHA loans allow you to pay 3.5% even if your credit isn't the best. But there are also downsides to FHA-insured loans. What are FHA Loans?

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Pre Approval vs Pre Qualified vs Underwritten Pre Approval: What’s It All Mean?

HomeLight

If you want to buy a house, the lender or bank will need to know how much money you make and how much debt you have. Bank statements. The lender could also request additional documents if you have special circumstances, such as a past foreclosure or bankruptcy. Don’t let that be you! Preapproval. Underwriting.

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What is a Seller’s Disclosure? Here’s Why It’s Important

Redfin

Whether you’re about to purchase a new condo or sell your current home , there is a lot to learn and paperwork to sign. One of these critical documents is called a seller’s disclosure. . A seller’s disclosure, also known as a property disclosure, is a document that sellers are legally required to provide buyers. For buyers. For sellers.

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Working Distressed Properties: How to Navigate and Win in This Evolving Market

HomeLight

You’ll learn how to prospect for distressed properties, how to approach homeowners, how to work with banks, and much more that will position you as the local expert with solutions to help those in need. Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | Stitcher | YouTube.

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

Make sure you know in advance how you will be getting a bank check or wire transfer, so you’re able to close on time. Sometimes when a homebuyer wants to close on the home as quickly as possible, it can lead to unrealistic contract dates. By far, one of the biggest nightmares is that the mortgage falls through on the closing day.

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