by mdibrino@hqmloans.com | Nov 29, 2022 | Uncategorized
If, however, your credit score is under 620, you usually will not be able to qualify for a conventional loan. Lenders will also scrutinize your debt-to-income ratio (DTI). You may not qualify for a conventional mortgage if more than 36% of your monthly income is tied...
by mdibrino@hqmloans.com | Nov 29, 2022 | Uncategorized
Carrington Mortgage Services, a non-prime lender and servicer, has been ordered to pay back $5.75 million to the homeowners it “cheated” out of their forbearance and repayment options during the COVID-19 health crisis. An investigation by the Consumer Financial...
by mdibrino@hqmloans.com | Nov 29, 2022 | Uncategorized
Homepoint is giving borrowers $500 credit to help cover their appraisal costs, prompting on-the-fence homebuyers to “feel more comfortable” purchasing now instead of waiting. The wholesale giant announced Monday that it would provide prospective homebuyers in all 50...
by mdibrino@hqmloans.com | Nov 29, 2022 | Uncategorized
Kiavi, a provider of financing to real estate investors, has announced a company milestone – its surpassing of 50,000 funded bridge and fix-and-flip loans since its inception in 2013. Citing property data powered by ATTOM, Kiavi is the first and only non-QM...
by mdibrino@hqmloans.com | Nov 29, 2022 | Uncategorized
The adult care home niche is now the cash cow of non-agency mortgage programs in the eyes of Ken Fox, vice president and regional sales manager at Acra Lending. “Besides being lucrative, there are many other advantages,” Fox said during a non-QM webinar hosted by...
