All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 11/07/2022 unless otherwise noted. To review the program guidelines changes made March 3, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. (You are also able to review the DPA Edge […]

For those of us who work in the housing industry, few things are more fulfilling than helping individuals and families buy their first home. In fact, it’s why most of us got into the business. Having a place to call your own is the culmination of the American experience. But it’s not always easy to […]

There’s no doubt that today’s higher interest rates are making it harder for Americans to buy their first home. But even with rates increasing, buying a home is still a better option than renting for many people. If you have FHA-eligible borrowers who are trying to decide whether buying a home today is the right […]

Let’s be honest—it’s a tough market for originators, especially with interest rates at their highest level in decades. But if you’re passionate about serving your customers—especially first-time homebuyers—now is not the time to throw in the towel. Yes, rates are higher and home inventories are tight in many markets. But many people still yearn to […]

The decision to purchase a home is not an easy one to make. Many still consider the American Dream to be homeownership, and while having a dream is often a great source of motivation, dreams may also be paired with high expectations and anxieties related to living up to those expectations. This puts many would-be […]

What would you do if one-third of the loans that you worked on could be saved? How many families would you help become homeowners? How much would it grow your income? A recent Down Payment Resource (DPR) study found that 33% of declined mortgage files were eligible for down payment assistance—down payment assistance that could […]

If you want to get ahead in the housing market, both in helping borrowers get into homes and setting yourself up as someone that can make nearly any deal work, you need to get in the know with down payment assistance (DPA). Consider, for example, some points that Luz Keuler (editor at Readynest by MGIC) […]

The National Association of Realtors (NAR) recently published their 2022 Home Buyer and Seller Generational Trends Report. Here are some highlights and tips to help you make the most out of the evolving home market. Millennials make up 43% of homebuyers. That’s right, almost half of the current market belongs to millennials at the moment, […]

Version 12.4 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 07/21/2022 unless otherwise noted. To review the program guidelines changes made July 7, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. This announcement, and previous announcements, are also […]

Version 12.3 All policy changes and updates are referenced below to the appropriate section of the CLG. These policy changes are effective 07/07/2022 unless otherwise noted. To review the program guidelines changes made May 25, 2022, or earlier, please follow this link to the archived Correspondent Lending Guides. This announcement, and previous announcements, are also […]