MNC Newsletter March 2017

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Mortgage News - 11:00 am

Everything You Need to Know About the Moody’s Settlement and Subprime Mortgages Today

Life, in all of its unpredictability, does its best to make sure that we all fall on hard times. Some of us are thankful for the subprime home loans that have helped us keep roofs over our heads. Sometimes, however, those loans are not the saving grace that they appear to be.
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Mortgage News - 12:00 pm

What is a loan modification? The Major 2017 Fannie Mae Mortgage changes you need to know

A modification to an existing loan made by a lender in response to a borrower’s long-term inability to repay the loan. Loan Modifications typically involve a reduction in the interest rate on the loan, an extension of the length of the term of the loan, a different type of loan or any combination of the three.
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Mortgage News - 1:00 pm

The Major 2017 Fannie Mae Mortgage changes you need to know

No Appraisal? No Problem! The first good thing with the new era of mortgage changes at Fannie Mae is that there will be some appraisal relief for some loans. You may not need a property appraisal for some refinances. Instead, your lender may give you a Property Inspection Waiver, also known as a PIW.
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