Bill could mark a first for the country A Nebraska lawmaker whose north Omaha district has struggled for years with a housing shortage is pushing a bill that, if passed, could make Nebraska the first in the country to forbid out-of-state hedge funds and other corporate entities from buying up single-family properties. Sen. Justin Wayne’s…

US housing starts plunge. New construction ‘collapsed’ last month Construction of new homes in the US dropped in January as buyers continued to sit on the sidelines in anticipation of lower mortgage rates down the line. Government data released Friday showed residential starts slid by 14.8% last month, hitting an annualized rate of 1.3 million,…

A USDA mortgage, also known as a USDA Rural Development Loan, is a type of mortgage loan program offered by the United States Department of Agriculture (USDA). These loans are designed to help low- to moderate-income borrowers in rural areas purchase homes with favorable terms. USDA LOAN is the only product that does not like…

Experts predict stability through spring, with potential rate cuts by summer Freddie Mac’s latest Primary Mortgage Market Survey reveals a steady mortgage landscape, with the average rate for a 30-year fixed-rate mortgage (FRM) slightly increasing to 6.64% as of February 8. This minor change follows a period of stability in mortgage rates, reflecting broader economic…

Manual mortgage underwriting refers to the process of evaluating a mortgage application without solely relying on automated systems or algorithms. In manual underwriting, a human underwriter carefully assesses the borrower’s financial situation, credit history, income, assets, and other relevant factors to determine their eligibility for a mortgage loan. This process involves a thorough review of…

Part time employment does not automatically require one or two years as many may think. There is a difference between part time employment and second job employment although many of the guidelines lump them into the same category which can cause confusion. A second job is of course when you have a primary employment and…

Rather than wait for legislation, borrowers can simply opt out of sales calls better know as Trigger Leads. Applying for mortgage preapproval can be the exciting start of a journey toward homeownership. The problem is that a borrower’s credit information is then sold, leading to a flood of calls and texts from businesses trying to…

The process of obtaining a home loan is lengthy and can be confusing. Knowing what you should and shouldn’t be doing during this time might feel overwhelming and impossible, so work with someone who really knows their stuff . Work with me and I’ll guide you through every step of the process. Here are some…

Rather than wait for legislation, borrowers can simply opt out of sales calls. Applying for mortgage preapproval can be the exciting start of a journey toward homeownership. The problem is that a borrower’s credit information is then sold, leading to a flood of calls and texts from businesses trying to sell their services. You can…

GIFT DONOR CHANGES to Fannie and Freddie What happens when you have a realtor that is a family member on a transaction and they want to give a gift to their relative. This came up recently and is a great tidbit of information when someone is working with a relative. The difference is between Fannie…