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NRMLA, MBA provide comments on HECM application, origination documents

Housing Wire

MBA and NRMLA each state that they are generally supportive of the proposed changes, which include wholesale revisions to the lender table for the best estimate of the total cost of a refinancing to the borrower, as well as increases to the borrower’s principal limit. Department of Veterans Affairs (VA) loans.

VA loan 421
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The activities RESPA allows real estate agents to perform

Housing Wire

Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. RESPA does not apply when the loan is paid off & a permanent new mortgage is started.

Agents 367
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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

Don’t miss this FREE update on VA appraisal topics on Wednesday, February 22nd from 11am-12pm ET. He was an independent fee appraiser on the VA panel for over 9 years prior to his current position. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Sign up now.

VA loan 85
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The activities RESPA allows real estate agents to perform

Real Trends

Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. RESPA does not apply when the loan is paid off & a permanent new mortgage is started.

Agents 70
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What to Know About Buying a Prefabricated Home in Minnesota

C4D Crew

Prefab homes are an excellent choice for homeowners and buyers seeking affordable and quick construction. Each module is constructed according to the International Residential Code (IRC) and local building regulations. This method allows for quicker construction but often requires more work after assembly.

Land 52
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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. View Pro-Series webinars.

VA loan 52
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What Are the Costs Associated With Buying a Home?

RIS Media

It’s important to note that there are loans without a down payment requirement: USDA loans, for borrowers buying in designated markets (generally rural), and VA loans, for eligible service members and veterans. These range typically from 2% – 5% of the loan principal, and can include: – Application fee.