The survey, which polled 1,045 adults, found 77 percent of Millennials and Gen Zers are expecting to receive financial assistance from their parents to purchase their first home. The most common expectations included downpayment assistance (38 percent), co-signing the mortgage (31 percent) and covering closing costs (24 percent). Of those expecting down payment assistance, the majority of respondents were looking for less than $10,000, while 19 percent anticipated $10,000 or more.Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3
Mortgage lenders have just over a week before Fannie Mae and Freddie Mac retire the abbreviated project-review pathways that have helped qualifying condominium loans avoid the cost and documentation demands of a Full Review.For loan applications dated on or after Aug. 3, Fan...
The retail lender is pairing Spanish-language operations with an ITIN program offering financing up to 85% LTV
Movement Mortgage has launched a centralized bilingual support team designed to help its retail loan officers serve Spanish-speaking borrowers, including originators who do not speak Spanish themselves.The Diverse Lending Support Team will provide bilingual LO assistants and...
Enjoy access to a free NMLS renewal class when you attend an in-person event.
