ShareThis article introduces the idea of “defensive lending” as a main reason that underwriting is so difficult. “”Defensive lending is the mortgage equivalent of defensive medicine,” where doctors run more tests than needed to reduce litigation risk. “Rather that more medical tests, mortgage lenders are adding underwriting requirements and program restrictions to avoid overstepping a [...]
ShareThis article by Ken Harney was recently published in the San Antonio Business Journal. I checked out both of the websites and it doesn’t appear that there are many homes available in our historic districts or center city neighborhoods; mostly along the northern loops of San Antonio. Also, the incentives are for individuals that will [...]
ShareThis is a great article by Washington Post Housing writer Ken Harney. I’m glad to hear that Fannie Mae has listened to buyers, sellers, REALTORS, and lenders and have made changes to the way appraisals will be conducted. These changes begin September 1st. By Kenneth R. Harney Saturday, July 10, 2010 Picture this: You’ve signed [...]