Beech Blog
Blog URL http://blog.directmortgagewholesale.com/
Tags mortgage, wholesale, loan, direct mortgage
Direct Mortgage Wholesale news and updates including updates on loan programs.
Latest Blog Posts
- Week of 23 Nov, 2009 - Direct Mortgage Update on Nov 24, 2009 in Loan Product Bulletins Direct Mortgage Wholesale News
Week of Nov 23, 2009 Loan Program Updates FHA has eliminated the need for a second appraisal for loans that exceed $417,000 and that are secured by properties in a declining market. This includes cash out transactions. Double Check Email Addresses...
- Week of 11-16-2009 -- Direct Mortgage Wholesale on Nov 17, 2009 in Loan Product Bulletins Direct Mortgage Wholesale News
Week of Nov 16, 2009 Loan Program Updates New FHA Streamline guidelines apply for all case numbers assigned on or after November 17 as outlined in Mortgagee Letter 2009-32. Note that DMC guideline overlays apply. To view guidelines with overlays,...
- FHA Streamline Guideline Updates on Nov 16, 2009 in Loan Product Bulletins Direct Mortgage Wholesale News
I. Revisions for ALL Streamline Refinance Transactions A. Seasoning At the time of loan application, the borrower must have made at least 6 payments on the FHA-insured mortgage being refinanced. ...
- Direct Mortgage - Week of Nov 9, 2009 on Nov 10, 2009 in Loan Product Bulletins Direct Mortgage Wholesale News
Week of Nov 9, 2009 DirectWare® Updates If a loan is withdrawn, it must be reinstated before three days after the loan has been withdrawn - otherwise the lock will be cancelled. Auto re-disclosures are now operational. This means that once you bo...
- If Your eSignature Request Does Not Arrive on Nov 6, 2009 in Direct Mortgage Wholesale News
If you or your borrower do not receive the eSign Request email within 10 to 15 minutes of making a request, try the following solutions. Solution #1 should be tried first. If that does not work, then proceed to solution #2. Solution #1 — Try this...
- Week of 2 Nov 2009 -- Direct Mortgage on Nov 5, 2009 in Loan Product Bulletins Direct Mortgage Wholesale News
Week of Nov 2, 2009 Loan Program Updates All loans with temporary loan limits must fund by December 10. Price adjustments HUD Repo (loan program 6199): Program adjustment reduced to 0.25%. There is no longer an adjustment for credit scores below...
- Direct Mortgage - Week of 26 Oct 09 on Oct 27, 2009 in Loan Product Bulletins Direct Mortgage Wholesale News
Week of 26 Oct 09 Loan Program Updates No updates this week. Price adjustments USDA (loan program 6205): The following adjustment is now effective: <=$55,000 1.50 The following adjustme...
