Tag: applying for a mortgage
The 5 building blocks of any mortgage loan approval
Why do some mortgage applications get approved while others are denied? Loan rejections are more common than you may think. In fact, the Mortgage Bankers Association reports that lenders reject about 50% of all applications they receive for mortgage refinances and 30% of all purchase loan apps are denied. So why are one-half and nearly […]
Trended Credit Data set to impact those applying for a mortgage. But will it help or hurt consumers?
There is a profound change to credit reporting taking place, and it could effect how people qualify for a mortgage. Starting September 2016, Desktop Underwriter Version 10 (DU) will roll out, an automated underwriting system lenders will use to gauge the risk versus “lendability” of consumers applying for a mortgage. The big change with this […]
Recent Posts
- 2008: Reliving the dark days, ten years after the real estate and mortgage collapse (part 2)
- Everything BUT rates: 10 Important U.S. real estate and mortgage statistics.
- Revisiting the benefits of Google My Business for Realtors
- A look at Fannie Mae’s updated Economic and Strategic Research Group report for 2018.
- Does it pay to be a Realtor? A look at real estate agent income based on seniority.
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