HOME LOANS BY CESAR

An other happy home owner congratulations

https://amp.washingtontimes.com/news/2023/apr/18/joe-biden-hike-payments-good-credit-homebuyers-sub/

Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.

Why wait till last minute. act now

Las mejores vistas a los 3 volcanes, las obtienes en Altamira ✨
Un espectáculo todos los días 🌋

Cómo Funciona
Averigüe si es elegible.
Complete nuestro formulario de precalificación en línea para determinar qué programas están disponibles para usted.

Obtenga la aprobación previa.
Le proporcionaremos una consulta gratuita con un prestamista aprobado para ayudarlo a determinar qué tamaño de préstamo hipotecario puede pagar.

Solicite asistencia para el pago inicial.
El proceso de solicitud incluye completar una orientación gratuita y un curso sobre la propiedad de la vivienda. Recibirá un certificado al finalizar el curso de compra de vivienda.

Encuentra la casa ideal
Trabajará con su agente de bienes raíces para encontrar una casa que cumpla con sus objetivos de compra.

Envíe su solicitud de préstamo.
Una vez que encuentre una casa, negocie su precio y firme contratos de compra, su prestamista presentará su solicitud final para su aprobación.

Cierre y reciba sus llaves.
Una vez que su solicitud de préstamo haya sido aprobada, firmará su nota de hipoteca y obtendrá las llaves de su casa.

https://www.cnbc.com/amp/2023/01/10/wells-fargo-once-the-no-1-player-in-mortgages-is-stepping-back-from-the-housing-market.html

Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing market It's the latest, and perhaps most significant, strategic shift that CEO Charlie Scharf has undertaken since joining Wells Fargo in late 2019.

https://www.reuters.com/business/finance/wells-fargo-reduce-mortgage-servicing-exit-correspondent-business-2023-01-10/

Wells Fargo to shrink mortgage business, exit correspondent lending Wells Fargo & Co will slim down its home lending business by reducing its mortgage servicing portfolio and exiting the correspondent lending business, the company said on Tuesday.

https://files.constantcontact.com/27f662f5101/c4b44c2f-87fc-4751-889b-2305a823df20.pdf

files.constantcontact.com

https://wrenews.com/unhealthy-and-unsustainable-homebuyers-arent-buying-and-homebuilders-arent-building-in-the-face-of-untamed-mortgage-rates/?utm_source=ActiveCampaign&utm_medium=email&utm_content=Unhealthy+and+unsustainable+%3A+Homebuyers+aren+t+buying+and+homebuilders+aren+t+building+in+the+face+of+untamed+mortgage+rates&utm_campaign=WRE+News+10+27+22+Nationwide&vgo_ee=GuGe2dc%2B%2F6gT%2Fi9p73O8F4vy7T5YEJ8ohjC9vauJg30%3D

‘Unhealthy and unsustainable’: Homebuyers aren’t buying and homebuilders aren’t building in the face of untamed mortgage rates U.S. mortgage rates crept up once again this week as demand for home loans tumbled, according to a pair of widely followed reports.

DO NOT MISS THIS GREAT OPPROTUNITY. MOST OF SELLERS ARE WILLING TO PAY CLOSING FEES. MEANS THE TOTAL GRANT CAN BE USE FOR DOWNPAYMENT. UT TO 10% OT $70,000.00 WICH EVER IS LESS

IT IS NO EXCUSES TO BUY A HOME NOW. PRICES ARE GETTING BETTER FOR BUYERS. GRNTS A SECOND LOANS FOR DOWN PAYMENT. SELLERS ARE MORE FEXIBLE TO PAY FOR CLOSING FEES. WHAT ARE YOU WAITING FOR?

Medical Debt Collection Updates
New Information about the July 1 Changes

In April, we sent you the details about the medical debt collection changes occurring in July. As a reminder, on July 1 of this year, the three national credit bureaus announced significant changes to the way medical debt collection data is reported on consumer credit reports. Specifically, the bureaus agreed to three major changes. At the time, it was anticipated to impact 70% of medical collections. View original email.

· As of July 1, 2022, paid medical collection debt is no longer included on consumer credit reports.

· Also, as of July 1, 2022, the period before unpaid medical collection debt will appear on a consumer’s report has been increased from 6 months to one year.

· In the first half of 2023, medical debt collection accounts under a pre-defined minimum threshold (will be at least $500 and published later this year) will no longer be included on consumer credit reports.

According to Tommy Lee, Senior Director, Analytics and Scores at FICO, the impact on a borrower’s FICO score will be minimal. In his blog, he states that only 3% of FICO scorable consumers will be impacted. The borrowers who are impacted are more likely to have additional derogatory information on their credit reports and will tend to score low even after the removal of the medical debt.

Please note that, medical collections reported as debt are not used in the DU risk assessment.
Fannie Mae Selling Guide Origination Through Closing

Also, last month, the CFPB issued a press release showing its analysis of how actions announced by the three largest national consumer reporting companies – Experian, Equifax, and TransUnion – will affect people who have allegedly unpaid medical debt on their credit reports. Nearly half of those with medical collections appearing on their credit reports will continue to see them there even after the changes fully go into effect next year. The medical collection tradelines that will remain on credit reports after the changes will likely represent a majority of the dollar amount of all medical collections currently reported.

· Two-thirds of medical collections on credit reports will no longer be reported

· Announced changes will likely have varied geographic impact

· Certain groups will receive less relief.

We suggest that our clients review these changes to determine what impact they will have to their existing processes.
Contact Us

If you have any questions about this notice, contact us at (800) 577-8787, select option 2, then select option 2 again.