Fannie Mae (not Freddie Mac, yet) has rolled out Desktop Underwriter (DU) 10.0. Will it help Nations Lending’s borrowers by providing wider credit opportunities for borrowers who may not have been approved through the previous version of DU? The changes will apply to new loan case files submitted to DU Version 10.0 starting this week. […]
At Nations Lending we see first-hand how clients change over the years. There are shifts in financial demographics: credit score, income and median housing prices. But more importantly there are shifts in homebuyer behavior: an increase in the average age of a homeowner and increase in the length a person rents before buying. According to Zillow, across […]
Last week we discussed what in the economy is currently moving interest rates and we continue that discussion this week. The job market here in the United States, as Nations Lending’s originators know, indicates that our economy is doing well. Now, normally a fast-paced economy typically leads to higher interest rates. But if only life was that […]
