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

Housing Wire

A large portion of those loans, once repurchased from the government-sponsored enterprises (GSEs) at par, were later resold for much less in the so-called “scratch and dent market. Levonick said that in today’s market, the economics have shifted toward encouraging more quality control reviews at the originator level. “And

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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. As the economy and housing market begins to slow, we must avoid the temptation to move away from well-regulated products that are a key part of protecting lenders and homeowners.

Title 506
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Risk of mortgage fraud is on the rise in the current market

Housing Wire

As the housing market enters a purchase-market cycle sparked by rising mortgage rates that have killed off a long-running refinance boom, we can expect to see mortgage-fraud schemes proliferate, industry experts say. The post Risk of mortgage fraud is on the rise in the current market appeared first on HousingWire. Petersburg.

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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. If the chain of title is complete, it shows that the current owner has a marketable title and can continue to sell the property.

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What to Know About FHA Loans

Realty Biz

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.

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

HomeLight

Since this segment of the market is moving really quickly right now, Christina is here to share the systems and scripts that she’s used to help sell more than 2000 distressed properties in her 20-year career. So let’s find out what it takes to succeed in this evolving aspect of the market. This is “The Walkthrough.”

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

HomeLight

The long and the short of it: Getting preapproved helps you compete in the housing market. The lender could also request additional documents if you have special circumstances, such as a past foreclosure or bankruptcy. They’ll perform the same due diligence on your documents as they would during underwriting the actual loan. “It