Review Mortgage Lenders

Access Mortgage

Address: 9498 SW Barbur Blvd Portland, OR 97219
Access Mortgage in Portland, OR is a private company categorized under Mortgages. Current estimates show this company has an annual revenue of unknown and employs a staff of approximately 1 to 4.
Products or Services: Bad Credit Debt Consolidation Loans, Home Mortgage Refinance Loan, Home Equity Line Of Credit Calculator, Mortgage Loan Rates and Online Mortgage Information.

Broadview Community Access - Affordable Mortgage Program

The Broadview Community Access Homebuyer Mortgage Program is an Affordable Lending program created with the specific purpose of helping valued ...

Bipartisan push begins in Senate to expand mortgage access for self-employed borrowers

Under those rules, unless a loan is eligible for sale to Fannie Mae or Freddie Mac or insurance from one of the government agencies ( Federal Housing Administration , for example), QM loans require lenders to satisfy the “rigid requirements” of the CFPB’s lending guidelines, Warner’s office notes.

Those guidelines, referred to as Appendix Q, often lead to a “less precise calculation of income for borrowers with non-W-2 income sources, such as rental income, retirement income, or income from self-employment.”

According to Warner’s office, the effect of that imprecise calculation is that many creditworthy individuals who rely on non-traditional income (as many as 42 million Americans or 30% of the labor force fall into this category) are “unduly constrained” in their ability to get a mortgage.

The “Self-Employed Mortgage Access Act” would expand the types of documentation that self-employed individuals are allowed to use to show they are creditworthy, while also expanding the types of documentation that banks could use to keep a loan in QM status.

Freddie Mac eyes reinsurance market for mortgage securities ...

Can you share with us Freddie Mac’s role in the US housing market?

Congress established Freddie Mac in 1970 to help support the US housing market by enabling America’s families to access mortgage loan funding with better terms. We are building a better housing finance system for the nation by improving the liquidity, stability, and affordability of the housing market in all economic conditions.

Freddie Mac’s core business model is to purchase residential mortgage loans originated by lenders under established, prudent underwriting guidelines and sell a portion of the underlying risks on these mortgages as opportunities for global investors. In doing so, we keep mortgage capital flowing via the secondary mortgage market by purchasing mortgage loans from lenders who in turn can fund more loans to qualified borrowers.

What is credit risk transfer and why did Freddie Mac establish the CRT market in the US?

Over the past five years, Freddie Mac has led the development of a robust Single-Family credit risk transfer (CRT) program, which enables us to move a portion of our credit risk off our balance sheet and into the private sector. Our CRT securitization and (re)insurance offerings, Structured Agency Credit Risk (STACR) and Agency Credit Insurance Structure (ACIS) respectively, are innovative forms of risk transfer we pioneered when introducing the market to new structures.

How do you access mortgage insurance if you are unable to make a payment?

I may not have a clear understanding of how mortgage insurance works. can anyone clarify?

You don't! While you do pay, it is to protect the lenders position not yours! If they have to file bankruptcy. The insurance helps them not you! Now to address the real issues. If you can't pay and have a good reason...