Tag Archives: residential mortgages

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

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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” […]

TRID And Residential Mortgages: How It Will Significantly Change The Loan Process!

On October 3, 2015, sweeping changes in the way that a residential mortgage loan is processed and closed will go into effect! TRID, or TILA-RESPA Integrated Disclosure, was originally due to be implemented August 1, 2015 but that was ultimately extended to October 3. The reason for the extension provided at the time was a missed […]

The Non-Taper September Surprise and other articles of interest!

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Federal Reserve Chairman Ben Bernanke Non-Taper September Surprise! The consensus in the financial markets leading up to the Fed announcement yesterday was that, at the very least, Federal Reserve Chairman Ben Bernanke would announce a drop in monthly bond purchases of a minimum of $10 billion from the current level of $85 billion. That didn’t […]