Tag Archives: loan

Conventional Loan limits increase

Buying a home using bank statements as income to qualify for a mortgage and what you need to know By DDA Mortgage • 25 Jul, 2022 • The economy is changing, and with it, so are the borrowing trends for homeowners. One of the most significant changes that have happened recently is that more people […]

Nonbanks are hiking conforming loan limits Two more lenders move to raise their conforming loan limits ahe

Will mortgage lending get tighter in the next recession? The fact is we’re already at 2008 credit availability levels By DDA Mortgage • 14 Jul, 2022 • As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that […]

2022 Conforming Loan Limits Have Increased. Here’s What It Means To You

Will mortgage lending get tighter in the next recession? The fact is we’re already at 2008 credit availability levels By DDA Mortgage • 14 Jul, 2022 • As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that […]

Loan officers can expect signing bonuses to stay but shrink

Although leaner margins will drive down loan-officer signing bonuses, they remain a key piece of lenders’ plans to source talent, according to a new Stratmor Group report.   In a profession w. personal branding is valued as much as, if not more, than company affiliation, it’s no surprise mortgage companies use bonuses to recruit top producers, […]

Westpac raises its fixed home loan rates

Westpac, Australia’s second largest home loan lender, has raised fixed rates by up to 0.6 percentage points for both owner-occupiers and investors on all fixed rate terms, on the back of the Reserve Bank’s cash rate hike earlier this month. Majority of Westpac’s one- to five-year rates for owner-occupiers paying principal and interest […]

What Type Of Commercial Real Estate Loan Is Best For You?

Will mortgage lending get tighter in the next recession? The fact is we’re already at 2008 credit availability levels By DDA Mortgage • 14 Jul, 2022 • As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that […]

New loan offering gives boost to buyers

Transitional lender Keystart has launched a new offering to help Western Australians buy a home sooner. The Urban Connect Home Loan pilot will provide 300 home loans to Western Australians to buy medium and high-density homes close to transport hubs and in urban locations across 189 suburbs in the greater Perth area. The first of […]

FHA’s manufactured housing loan program gets a facelift

Manufactured housing is a topic that has gained some steam on Capital Hill as of late, with the White House announcing earlier in the year that it intends to address the lack of affordable housing in the nation by upping the available supply of MH. In September, Biden’s administration also called on state and local governments to “reduce zoning […]

Beyond Bank partners with NextGen to transform loan process

Beyond Bank Australia has partnered with lending technology provider NextGen to future-proof the bank’s digital transformation strategy. As one of Australia’s largest customer-owned banks, Beyond Bank will take on NextGen’s ApplyOnline®  mortgage and lending workflow processing platform by establishing a streamlined, harmonised end-to-end mortgage and personal finance origination and assessment process for both first and […]

Move over Fannie, the non-QM loan is in the fast lane

In the world of mortgage-financing, t. exists a product line defined by what it is not — non-qualified mortgage (non-QM), non-prime, non-agency or an alternative-documentation loan.   In the secondary market, these non-QM loans are in demand this year and are expected to continue propelling the growth of private-label securitizations in the year ahead, according […]