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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 410
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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title. Why is a title search necessary for refinancing?

Title 518
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Risk of mortgage fraud is on the rise in the current market

Housing Wire

Scott McNulla , a senior director overseeing regulatory compliance at loan due-diligence firm SitusAMC , said one way to guard against or spot red flags in the mortgage origination and/or securitization pipeline that can cause problems down the road is to ensure the loan-input data is correct from the start. month over month.

Mortgages 409
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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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How Does a Title Search Work

Realty Biz

Many public records can be checked to determine ownership, these include: Property deeds Mortgage documents Property tax records Legal documents Bankruptcy court records County land records Probate information. Title searches can also reassure buyers, making sure there is a smaller chance of problems with the title later on.

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

HomeLight

The lender could also request additional documents if you have special circumstances, such as a past foreclosure or bankruptcy. Marcus Rittman, director of mortgage operations at HomeLight Home Loans, has seen that “the catalyst for most homeowners wanting to get approved for a mortgage is finding a home that they love.” Preapproval.