The recent coverage cost changes on both FHA and PMI have tilt the scales, in opposite directions, on the payment on high loan to value (LTV) loans. Private Mortgage Insurance (PMI), Federal Housing Administration (FHA), and the Veterans Administration (VA), don't make loans. They insure the ... » Learn More about 95% LTV PMI vs FHA – PMI Wins
Mortgage Regulations
Basics of Ability to Repay Mortgage Regulation
The Ability to Repay mortgage rule section of the Dodd Frank Regulations works in conjunction with the Qualified Mortgage (QM) regulation. At a minimum, creditors generally must consider eight underwriting factors: (1) current or reasonably expected income or assets; (2) current employment ... » Learn More about Basics of Ability to Repay Mortgage Regulation
New Mortgage Regulations – 3507 Pages and Counting
Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for CAMP gives an overview of newly released mortgage regulations from the CFPB applicable to Dodd Frank. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc Gov’t Affairs Chair – ... » Learn More about New Mortgage Regulations – 3507 Pages and Counting