Tag Archives: mortgage underwriting

List Of Do’s And Don’ts For Soon-To-Be Home Buyers!

For anyone who is in the market to buy a home or soon will be, finding the right property is typically only half of the battle! The other half, unless one is paying cash, is applying for a mortgage and then fighting the battle to ultimately be approved. In the pre-financial crisis world qualifying for a […]

The Ten Commandments For Homebuyers And Mortgage Applicants!

The desire to buy a home is all well and good but, unless it’s an all-cash transaction, financial decision-making is critically important! Post-financial crisis the underwriting methodology and criteria for residential mortgage loans swung in the exact opposite direction from where they had been in the go-go years of real estate. Before the financial crisis and in […]

97%+ Loan-To-Value Mortgage Loans: It’s Deja Vu’ All Over Again!

residential mortgage,mortgage underwriting,Fannie Mae,RMBS

Residential mortgage-backed securities (RMBS) stuffed with sub-prime “liar loans’ were at ground zero of the 2008 financial crisis and, guess what… They’re Ba-ack! Not stated loans per se but in a new program from Fannie Mae called HomeReady Mortgages, 97%-plus Loan-to-Value loans become possible ‘based not on the borrowers income (which is too low) but on “non-borrowers” […]

US CMBS Delinquency Data For November (Infographic)

CMBS,commercial real estate,

As we approach the first Federal Reserve induced interest rate increase in about nine years, the impact on CMBS down the road will definitely bear watching! Given the way that the underwriting of commercial mortgage loans is done and the impact that an increase in rates might have on borrower credit quality, debt service coverage ratios […]