Last week Nations Lending and the home lending industry took note of changes in the way that Freddie and Fannie price loans. Due to the improvement in the overall housing industry, we found that the changes were definitely due.
Since they directly affect the housing market on a local level, Nations Lending experienced loan officers closely monitor trends in vacancy rates.
Often times our Nations Lending teammates are asked by their clients some pretty basic questions. Not everyone has a background in finance, and often time the concept of “amortization” puzzles NLC clients obtaining their first loan.
With the recent drop in interest rates, Nations Lending loan officers are being asked by their clients whether or not this is an opportune time to refinance.
The news recently from President Obama, and then HUD, regarding cutting the FHA mortgage insurance premiums was the focus recently of Nations Lending employees. But will it really have an impact?
Yes, there has been a lot of news about 97% conventional conforming loans, and about the FHA’s lower insurance premiums later this month. But regardless of the program, Nations Lending borrowers need know that one of the biggest hindrances in the home buying process for borrowers is the amount of paperwork that is required, often […]