Author: badmortgage

Lenders are trying to prevent defaults and foreclosures that risk deepening the country’s housing crisis.

Jamie Dimon takes aim at mortgage rules, zoning laws in annual shareholder letter – Scotsman Guide Skip to content error: Content is protected !! This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We may also share information about your use of our site with our social media, advertising and analytics partners. Not consenting or withdrawing consent, may adversely affect certain features and functions. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or…

CHAMPAIGN, Ill.  (WAND) – Under the One Big Beautiful Bill, significant changes were made to federal student loans and aid. One of the biggest areas of change was Parent PLUS loans. “The Parent PLUS loan that is still going to be available for parents of undergraduate students, but the maximum that a parent can borrow each year is going to be $20,000, where under the current program, they can borrow up to the cost of attendance,” explained Michelle Trame, executive director of student financial aid at the University of Illinois. “And then the other change with the parent plus loan is…

Two of the largest mortgage broker trade groups are teaming up in Washington, D.C., to bring shared policy priorities to legislators, aiming to secure policy wins on behalf of independent mortgage professionals. Billed as “Advocacy in Action: Better Together,” the summit is being co-led by the National Association of Mortgage Brokers (NAMB) and the Broker Action Coalition (BAC). The three-day gathering starts on April 20. Among the policy priorities being discussed, the top concern is comprehensive credit score reform to reduce the rising costs of credit reports. In interviews with Scotsman Guide, the leaders of both groups emphasized this as…

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The FSA guaranteed loan limit is $2.34 million, with 95% guaranteed by USDA. INTEREST RATE CONSIDERATIONS Lenders set the interest rates for both SBA and FSA guaranteed loans, but the two agencies have different caps. — FSA typical maximum rate: 9.5% to 12% — SBA typical maximum rate: 13% to 15% SBA also allows lenders to charge higher interest rates for smaller loans. A farmer seeking a $50,000 loan could have a 2% higher interest rate than a farmer taking out a $5 million loan. Smaller borrowers could face higher interest rates with FSA guaranteed loans, but that would be…

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How top LOs dominated government lending in 2025 Skip to content © 2006-2026 HW Media, LLC. All rights reserved.Powered by WordPress VIP What’s New?Updated 54 minutes agoYour FeedLatest

Freddie Mac and Fannie Mae have respectively released a mix of new flexibilities and requirements for single-family mortgages they purchase as April has gotten underway.Processing ContentFannie is pulling back on some prefunding measures it had previously emphasized, while Freddie is making changes that affect loans in an underserved market that advocates and housing officials have long called a priority.The U.S. government currently holds Freddie and Fannie in conservatorship and their policies play a large role in shaping the country’s housing market because they buy a significant number of mortgages made in the United States.Fannie accounted for about $3.5 trillion outstanding…

The Defense Department is asking Congress for about $20.2 billion in the next fiscal year for a loan program designed to help eligible companies working in certain technology areas of interest. The funding request for the Defense Strategic Capital Credit Program, which is overseen by the Office of Strategic Capital, was included in fiscal 2027 budget documents recently released by the Pentagon and seeks to boost spending on the initiative by more than an order of magnitude. The program was allotted less than $1.5 billion for fiscal 2026, according to budget documents. The OSC was initially stood up under the…