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Getting Jumbo and Non-Standard Loans Just Got a Bit Tougher.

Wells Fargo just announced an increase in the required banking and/or investment relationship for jumbo loans from $250,000 to $1,000,000.  Additionally they increased the restrictiveness of some of the loan approval guidelines.  Back in April, Chase made similar moves to their lending rules and requirements.  This trend is not limited to the big banks and …

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Forbearance Update – Great News from Fannie Mae and Freddie Mac

Well, another week and even more changes to the expected post COVID-19 lending landscape.  As expected, Fannie Mae and Freddie Mac have somewhat softened their stance on the impact for forbearance on new mortgage applications.  The details are still coming out and for some there may still be challenges or prohibitions, but the news is …

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Financing Your Home Will Be Tougher For The Time Being

DOUGLAS KATZ – April 13, 2020 When you get a loan to buy or refinance a home, the approval process can sometimes seem confusing and a bit arcane.  It might shock you to learn that the process is really just the overlaying your financial situation on a set of guidelines and requirements.  The guidelines, however, …

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