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No undue risk! Freddie Mac’s Sonu Mittal on new buyback remedy, appraisal waiver extensions

Housing Wire

The changes raise the maximum LTV ratio from 80% to 90% for appraisal waivers, and from 80% to 97% for inspection-based appraisal waivers on purchase loans, consistent with refinance guidelines. Feedback for LOs Freddie Mac is also enhancing its Loan Product Advisor (LPA) automated underwriting system with LPA Choice.

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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage. In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause.

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14 lucrative jobs in real estate with high earning potential

Housing Wire

Mortgage loan originator (MLO) or mortgage broker License or education required: Yes Average national salary: ~$60,000 to ~87,000 Job description: A loan originator, or loan officer, plays an essential role in the process of purchasing property.

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Home Renovation Loan Options for 2025

The Mortgage Report

Typically, the maximum loan amount is your home’s estimated future value after renovations are complete. You’ll need detailed construction plans and cost estimates to qualify for a renovation loan. Having inspected the property and reviewed your plans and contractor quotes, the home appraiser will give an “as improved” valuation.

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Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit

Housing Wire

” Factors leading to ghosted applications Though Cotality’s survey pulled data from last year, loan officers and other mortgage professionals are still reporting application fallout for the same reasons. “Most cite the buyer getting ‘cold feet’ as a reason. . “It also depends on when, she added.

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It’s time for America to think differently about money laundering and risk assessment

Housing Wire

It gave every loan officer a national reputation and elevated the position of loan officer to one more approximating other licensed professionals. As a result, they endured on-site inspections across all sectors and were required to conduct more financial investigations into potential money laundering.

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New American Funding onboards top Chicago loan officer 

Housing Wire

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.