Mortgage Financing Archive

Chase: Overlays are to Protect Loans, Not Avoid Repurchases

Two Chase executives hosted a webinar earlier this week to share with NAR members how their bank’s loan processing works. They talked about the documents they require borrowers to submit, the common application problems they’ve identified, and what some...
September 6, 2012

Economic Hurdles Call for Team Mentality

Jamaican sprinter Usain Bolt captivated audiences with his speed and charisma during the 2012 Summer Olympics. You may have noticed “The Fastest Man in the World” slows his steps ever so slightly when approaching the finish line during his...

Chase to Talk About Getting Clients to Loan Approval

Helping your clients navigate the mortgage approval process has to be one of the most important things you can do today, given the hard time buyers are having securing mortgage financing. What we’re hearing is that even households with...
August 20, 2012

Help for Clients Applying for Jumbo Financing

What can you do to help your clients get jumbo financing for their home purchase? That’s the focus of a webinar we just hosted with lenders and a real estate broker who know the jumbo market well. We tend...

Jumbo Mortgages: What Your Clients Need to Know

When you think of jumbo mortgages you might think of expensive homes, but in many markets throughout the country prices are high enough that jumbos are needed just to buy a home that’s not much more than the median...

Why Flood Reauthorization is Such a Big Win

REALTORS® claimed a big victory last week when President Obama signed into law the 5-year reauthorization of the National Flood Insurance Program. NAR spent years advocating on behalf of this legislation and its 1 million members, by participating in...
July 9, 2012

Housing Recovery: The Pieces Are There, But the Certainty Isn’t

Pieces are in place for housing to continue on its road to recovery but there remain plenty of uncertainties that can derail the market, NAR Chief Economist Lawrence Yun said at a conference earlier this week. Yun told more...
June 13, 2012

Lenders: Staffing, Appraisals Hold Back Loans

Insufficient staff to process loan applications and to get timely and accurate appraisals are two of the reasons lenders say are impeding their ability to originate and purchase more home loans, results from the Federal Reserve’s most recent quarterly...

What to Make of Reverse Mortgages?

With baby boomers now well into their retirement years and many of them with elderly parents who are ready to move into a nursing home or assisted living facility, the likelihood of you listing or selling a home with...
June 7, 2012

Flood Insurance: Don’t Give Lenders One More Reason to Say ‘No’

NAR President Moe Veissi told a panel of U.S. senators yesterday that the last thing the housing market needs right now is another reason for lenders to decline your client’s mortgage loan application. “Tight lending standards remain a problem,”...
May 10, 2012