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Real Estate Matters | CFPB's new 'qualified mortgage' rule now in effect
Real Estate Matters | CFPB's new 'qualified mortgage' rule now in effect To be considered a qualified mortgage, a lender may not charge excessive upfront points and fees (capped at 3 percent of the loan), and the loan cannot be longer than 30 years in length (say goodbye to 40-year mortgages.) Also, interest-only loans

Color of Money: New mortgage rules tough but fair
Color of Money: New mortgage rules tough but fair It seems so basic: Require mortgage lenders to qualify borrowers based on their ability to repay the loan. Yet this wasn't the case for many mortgages in the run-up to the housing crisis contributing to the mess we're still in. Nevertheless, you can

New mortgage rules aim to protect home buyers, owners
New mortgage rules aim to protect home buyers, owners In real estate markets such as Washington, where prices are high, prospective buyers could run up against the limit as they stretch their finances to buy homes. But some of the nation's largest banks, including Wells Fargo, have said they will offer

Refighting the 'mortgage wars' could bring new risks to the housing market
As Howard tells it, the real story begins two decades ago, when big banks and other mortgage lenders sought a bigger share of a mortgage finance business that was generating year after year of double-digit earnings growth for Fan and Fred. As

loans, Washington National Home Mortgage, lenders, Auburn, WA

Call Washington National Home Mortgage in Auburn, WA at 888-312-8376. Let us guide you through the home buying or refinancing process, and provide ...

Mortgage rates settle in for the summer

Mortgage rates haven’t moved much since April. The 30-year fixed rate has drifted between 4.55 percent and 4.66 percent with incremental increases and decreases each week.

“The 10-year Treasury yield continues to hover along the same narrow range, as increased global trade tensions are causing investors to take a cautious approach,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “This in turn has kept borrowing costs at bay, which is certainly welcoming news for those looking to buy a home before the summer ends.”

Many experts don’t expect this trend to change anytime soon. , which puts out a weekly mortgage rate trend index , found more than half the experts it surveyed say rates will remain relatively stable in coming week. Shashank Shekhar, CEO of Arcus Lending, is one who expects rates to hold steady.

Does anyone know of any lenders that are willing to do a 80% first mortgage?

I need a lender who can do a 80% first mortgage, and have the seller carryback the 20% second. I am in washington state. Please advise. I have alot of clients that needs this type of financing.

Plenty of lenders will still allow it. ING for one if you don't mind your clients being taken by their retail side.

Problem is - where are you going to find someone stupid enough to do the 20% second? The 80% is easy...