UWM Rolls Out Construction-To-Permanent Loans
Introduce UWM to experienced private lenders who offer tailored Solutions for Construction-To-Permanent Loans. Easy Approval & Flexible Terms. Let UWM help you start your next project with confidence.
Introduce UWM to experienced private lenders who offer tailored Solutions for Construction-To-Permanent Loans. Easy Approval & Flexible Terms. Let UWM help you start your next project with confidence.
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As the mortgage industry continues to feel the effects of the coronavirus pandemic, lenders are now being hit with new fees that are adding to the pain. The latest fee is a $75 charge that is being assessed by Fannie Mae on every loan that is delivered to them. This fee is in addition to the other fees that lenders are already paying, and it is expected to add up to millions of dollars in additional costs for the industry.
"New Year's Resolutions from Across the Housing Industry" discusses various housing industry professionals' New Year's resolutions. One real estate agent resolves to help more first-time home buyers, while another credits her past year's success to her resolution to be more organized. A loan officer resolves to originate more government-backed loans, and a title company owner resolves to increase her company's social media presence.
This article discusses the current state of mortgage rates and the housing market. It cites a number of sources that suggest that rates will remain low for the foreseeable future. This is good news for those looking to buy a home, as they will be able to get a lower rate. However, it is bad news for those who are currently in the process of selling a home, as they will likely have to accept a lower offer.
Borrower data is playing an increasingly important role in the housing market, as lenders seek to better assess risk and better identify potential borrowers. Borrower data includes information on credit history, employment history, and other factors that can help lenders better understand a borrower's ability to repay a loan. Lenders are using borrower data to develop new products and services that can help them better serve their customers and better manage their risk.
In an effort to make pricing more uniform and to reduce the overall costs of getting a mortgage, the Federal Housing Finance Agency (FHFA) is making changes to the way that guarantee fees (g-fees) are charged. Upfront g-fees will no longer be assessed on loans with terms of 15 years or less, and all other g-fees will be decreased by 10 basis points. This will result in savings for borrowers, especially those who are taking out shorter-term loans.