According to the data from the 2019 Home Mortgage Disclosure Act (HMDA) 8.9% of mortgage applicants (about 1.3 million people) were denied. The number one reason for denial is a high debt-to-income ratio, followed by “credit history.” Although the majority of consumers have a credit score, there are many with minimal credit experience or have…

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The Federal Housing Finance Agency (FHFA) has issued updated COVID-19 temporary rules for mortgages purchased by Fannie Mae and Freddie Mac. Mortgage lenders may apply the restrictions for loans currently in process; however, requirements are mandatory for all loan applications received on or after December 14, 2020. The COVID-19 temporary rule for self-employed borrowers has been…

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20% Discounts! For print orders placed on BookBaby, enter the following discount codes at checkout: Housing Finance 2020:   2020E Hipoteca 2020:  2020S Welcome to the Agrihood:  veggie Select your book from the home page, and choose BookBaby on the applicable list of book distributors. 

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