VA Announces Fix For Home Loan Benefits After NAR Settlement

VA Announces Fix For Home Loan Benefits After NAR Settlement

The Department of Veterans Affairs announced a temporary fix to a lending issue that arose from the National Association of Realtors $418 million settlement. Under the terms of the settlement, sellers are expected to negotiate with real estate professionals, and buyers have to enter into agreements with, and pay for, their own realtors. For some…

NewDay USA Achieves Premier International Standard For Data Security

NewDay USA Achieves Premier International Standard For Data Security

NewDay USA announced it is protecting veterans from data breaches by investing in the highest level of information security. The nation’s leading VA mortgage company has achieved ISO/IEC 27001:2013 certification after a partnership with ACTIVECYBER LLC. The certification was issued by Schellman Compliance LLC, an ANAB and UKAS-accredited certification body. ISO 27001 is a systemic…

Mortgage Applications Fall For Third Week

Mortgage Applications Fall For Third Week

Mortgage purchase demand fell for a third week as rates hit their highest point since November.  The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – dropped by 5.7%, a slight improvement on last week’s 13.3% dip. The average interest rate for 30-year fixed…

Guild Leaders Hope To Help Hispanic Homebuyers Through New Partnership
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Guild Leaders Hope To Help Hispanic Homebuyers Through New Partnership

By KIMBERLEY HAAS Leaders at Guild Mortgage have partnered with the National Association of Hispanic Real Estate Professionals as part of their commitment to diversity and inclusion. The association is dedicated to advancing sustainable homeownership for the Hispanic community in America with a network of over 40,000 professional members and 100 local chapters nationwide. Jorge…

Forbearances Plans Drop In First Week Of 2022

Forbearances Plans Drop In First Week Of 2022

Active forbearance plans dropped by 73,000 (-8%) in the first week of January, according to Black Knight’s blog, Vision.  The number of loans in forbearance fell across all categories, led by a 30,000 plan decrease in FHA/VA loans (-10%). Forbearances on loans held by portfolios and PSLs fell by 17,000 (-8%) and GSE loans fell…

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