+//0A4v/9AID//QCc-Federal solutions with good intent often work poorly for all

Oct 21, 2014

which were complete failures for many years. Funds were unused while people struggled. The programs did not improve until the federal government finally listened to industry and state governments. This Administration+//0A4v/9AID//QCZ-s track record on housing and economic development issues is poor.+//0A4v/9AID//QCd-

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Oct 21, 2014

Regulation and Compliance

California Approves $25B Homebuyer Loan Program, Targeting New Construction

Proposition 37 could open new purchase lending opportunities, but financing costs and borrower qualification will determine its reach

California voters have approved a $25 billion homebuyer financing initiative that could create new purchase mortgage opportunities for lenders and brokers, particularly those working with homebuilders.Proposition 37, which passed with more than 60% of the vote in the Nov. 3 ...

Opinion

DSCR Lending Keeps Gaining Ground as Investor Purchases Slow

As investor purchases decline, DSCR loans capture a growing share of Non-QM lending, creating opportunities for brokers who understand the differences between lender programs

Real estate investors are buying fewer homes than they did a year ago, yet debt service coverage ratio (DSCR) lending continues to gain ground in the market. A big part of the reason is that DSCR loans are purpose-built for property investors. Agency loans qualify borrowers ...