Archive for Mortgage and Finance
Loan Underwriting – Changing Guidelines
Home Loans.
In my previous post, “Realtor® Speak 101: Loan Underwriting,” we were discussing exactly what underwriting is, but I realized I may not have covered on of the phrases you’ll hear a lot during the loan process. “Underwriting guidelines.” Depending on what type of loan you apply for, these guidelines can be very [...]
Realtor® Speak 101: Loan Underwriting
What’s Taking So Long? Underwriting.
If you’ve ever bought a house, you’re probably familiar with hearing “your loan’s in underwriting” and then playing the waiting game until it “comes out of underwriting.” It’s one of the steps in the process of getting a loan and often one of the most frustrating. But what [...]
Short Sale Disclosure In San Antonio
Shhhh… Don’t Tell The Neighbors.
Today, in an email from Trulia, I noticed an interesting question about short sales and disclosure. Real estate agent Cathy Cataletto of Staten Island posed several questions to agents across the nation regarding short sales and how we (and if we) are to disclose them (real estate laws vary widely [...]
An Open Letter To HUD About FHA Loans
A little back story.
On December 2, 2009, HUD Secretary Shaun Donovan appeared before the House Committee on Financial Services to discuss the current state of The Department Of Housing And Urban Development and more specifically the Federal Housing Administration, which regulates FHA loans. FHA loan use has increased greatly in the past few years, [...]
Who’s looking out for you before your closing?
A few phone calls to keep it all on track.
I had a closing yesterday with a couple I’ve been working with for about 5 weeks. They were great buyers; knew exactly what they wanted and worked hard to make sure everything happened on their end that needed to happen in order to close in [...]
