Housing Wire
APRIL 18, 2024
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.
Housing Wire
MAY 10, 2022
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. Million — [Tampa, Florida].
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Realty Biz
MARCH 16, 2023
Your debt-to-income ratio, including mortgage payments, cannot normally be more than 43% of your monthly income If you have suffered bankruptcy, you will need to wait 2 years to apply, or 3 years with a foreclosure FHA vs. Conventional Loans Conventional loans don't have the government's backing and require higher credit scores to qualify.
HomeLight
OCTOBER 27, 2020
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. Source of the down payment funds.
Redfin
MARCH 14, 2022
A foreclosure or deed-in-lieu of foreclosure (usually applies to a bank-owned home). Estate sales or bankruptcy sales. If a no seller’s disclosure occurs, there will be a due diligence period. We’ve outlined the basics below, but visit your state government page for further information. Selling an as-is property.
HomeLight
AUGUST 16, 2021
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. We have a great listener question about how to become a bank’s go-to agent and much, much more. Christina: Sure.
Redfin
MARCH 3, 2022
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. To avoid potential issues or delays, Western Title Company recommends informing your title or settlement agent of any IRS tax liens or bankruptcies that involve the seller or the property.
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