Like many Americans I traveled over the holiday season last month and as I passed through the security lines at Chicago O’Hare and Harstfield Airport in Atlanta I couldn’t help but think of the parallels between the Transportation Security Adminstration and the present state of mortgage underwriting. I know, you are thinking what can the [...]
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I get a ton of questions from borrowers regarding FHA mortgages and their pros and cons so I thought I would throw together a quick primer.
What is FHA? FHA is mortgage insurance through the Federal Housing Administration. Essentially, the FHA is agreeing to insure the mortgage if lenders make them to their guidelines. The goal [...]
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Jay Leno’s Take on HARP 2.0