FHA

New Fed Mortgage Expands Mortgage Lending Into Pennsylvania

  DANVERS, MASS./ FEBRUARY 06, 2019 (STL.News) Massachusetts based New Fed Mortgage Corp., a multi-state residential mortgage lender is pleased to announce their approval by the Pennsylvania Department of Banking and Securities to lend in the state and is now able to serve the state of Pennsylvania with a wide array of mortgage programs. A … Continue reading New Fed Mortgage Expands Mortgage Lending Into Pennsylvania

New Fed Mortgage Corp. to Acquire Commonwealth Mortgage LLC

  DANVERS, MASS./ JANUARY 01, 2019 (STL.News) New Fed Mortgage, a fast-growing multistate residential mortgage lender headquartered in Massachusetts is poised to expand the company further in 2019 with the announcement of plans to purchase Commonwealth Mortgage LLC, a direct to consumer lender located in Woburn, MA early in 2019. Recent Growth New Fed experienced … Continue reading New Fed Mortgage Corp. to Acquire Commonwealth Mortgage LLC

How Suburbanization Impacts Rural Home Loans

April 12, 2018 (STLRealEstate.News) — Federally backed home loans from the Rural Housing Service have been called one of the the government’s best kept secrets because buyers can get safe, affordable mortgage financing in areas where few other loan options are available. The underwriting requirements are considered both strong and reasonable, and, maybe most important, … Continue reading How Suburbanization Impacts Rural Home Loans

FHA Expands Foreclosure Relief for Victims of 2017 Disasters

WASHINGTON/February 22, 2018 (STLRealEstate.News) – The Federal Housing Administration (FHA) today announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by Hurricanes Harvey, Irma and Maria as well as California wildfires and subsequent flooding and mudslides. FHA is instructing mortgage servicers to offer additional options to eligible disaster victims in … Continue reading FHA Expands Foreclosure Relief for Victims of 2017 Disasters

Average U.S. Home Seller Profits At 10-Year High Of $54,000 In Q4 2017

IRVINE, Calif./ Feb. 1, 2018 (STLRealEstate.News) — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Year-End and Q4 2017 U.S. Home Sales Report, which shows that home sellers in Q4 2017 realized an average home price gain since purchase of $54,000, up from $53,732 in the previous quarter and up … Continue reading Average U.S. Home Seller Profits At 10-Year High Of $54,000 In Q4 2017

All Reverse Mortgage Introduces “ARLO” All Reverse Loan Optimizer

ORANGE, Calif./ Nov. 13, 2017 (PRNewswire)(StlRealEstate.News) — All Reverse Mortgage® is pleased to introduce its new loan optimizer tool: ARLO™. In October 2017, FHA changed the parameters by which reverse mortgage principal limits are calculated. The changes have influenced the reverse mortgage marketplace such that borrowers who shop for and find the best rates available will … Continue reading All Reverse Mortgage Introduces “ARLO” All Reverse Loan Optimizer