Most lenders are currently focusing on owner-occupied properties, and aren’t giving loans at all to investors who already have mortgages (with any lender) on 4 or more properties; Ethical Homes, however, can still arrange for financing for investors with 10 or more financed properties. Read the rest of this entry »

Just as a reminder, FHA will be increasing the mortgage insurance premiums that they charge on FHA-insured loans, beginning April 18, 2011. Read the rest of this entry »

Don’t want to have to print out all of the disclosures and application docs for your loan just so that you can sign them, when all you’re going to do with the signed documents is either fax them back to us or scan them and upload them back to us? Read the rest of this entry »

During the course of processing of your loan, you will be asked to submit many documents to us; please follow these instructions to make sure that your documents are processed as quickly as possible. Read the rest of this entry »

Ethical Homes has a wide variety of lending options available for borrowers with low FICO scores. Read the rest of this entry »

For borrowers who currently have FHA mortgages, using an FHA Streamline Refinance can provide significant savings, and can often also allow minimal documentation and looser underwriting guidelines, which in some cases can allow refinances for borrowers/properties that otherwise might not be eligible for refinances. Read the rest of this entry »

At the Ethical Homes team at HomeFirst Mortgage Corp, we know that most good buyer agents out there already have relationships with lenders; we have agents on our team as well, so we know how important those relationships are, and wouldn’t want to step on them. We also broker our loans through dozens of wholesale lenders, though, so for many agents, we can supplement the offerings that their current lending partners provide, and help them close more transactions. Read the rest of this entry »

The US Deparment of Housing and Urban Development has announced yet another increase in the mortgage insurance premiums charged for FHA loans. Read the rest of this entry »

The White House released initial plans to “wind down” Fannie Mae and Freddie Mac over the next decade; although it’s a prudent proposal, the move will almost definitely result in higher mortgage rates and lower home affordability in the long run. Read the rest of this entry »

Sarah Bloom Raskin, member of the Federal Reserve board of governors, criticizes the mortgage servicing industry for operating on a “flawed business model that creates misaligned incentives” that are “hindering our economy’s ability to rebound”. Read the rest of this entry »