Doctor Loan Program


This attractive program is for licensed doctors looking to purchase a home or refinance their current mortgage. At least one borrower must have an approved medical license. Eligible borrowers with student loan debt that is in deferment for 12 months beyond the note date are not required to include the deferred debt in the debt-to-income (DTI) ratio calculation.

-Purchase and rate/term refinance all up to 95% loan to value

-Primary residence only

-Deferred debt excluded from debt to income ratio

-Up to a 43% debt to income ratio

-Minimum credit score of 700

-5/1 and 7/1 Arm options

-Max loan amount of $850,000

-Mortgage insurance require and 3 months PITI reserves

-Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply […]

Updated: Home Equity Line of Credit Program


You can purchase your next property, refinance your current mortgage, or get cashout from your primary or second home up to 90% loan to value with no mortgage insurance with our Home Equity Line of Credit.

Max 90% CLTV for combined liens of no greater than $1,275,000.

-Purchase, rate/term refinance, and cashout refinance all up to 90% loan to value

-Primary residence or second home

-No mortgage insurance

-Closed concurrently with any one of our 1st mortgage products

-Up to a 45% debt to income ratio

-Minimum credit score of 720 from main wage earner

-No credit score requirement for co-borrower

-No title insurance required on 2nd mortgage

-30 Year mortgage with a 10 year interest only payment and draw period

-Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply […]

Fannie-Freddie Pay Pits Obama and Republicans Against Watt


A dispute over pay for the chief executive officers at Fannie Mae and Freddie Mac could put Barack Obama and House Republicans together in an unusual alignment against a housing official appointed by the president.

Mel Watt, who oversees the mortgage giants as director of the Federal Housing Finance Agency, this month approved plans for Fannie Mae’s Timothy Mayopoulos and Freddie Mac’s Don Layton that could see their total compensation rise sixfold to about $4 million. The House Financial Services Committee on Tuesday will consider a bill by Rep. Ed Royce that would impose new limits on pay at the two U.S.-owned companies.

“Holding compensation packages at taxpayer-backed organizations to responsible limits is in the interest of the public trust,” Royce, a California Republican, said last week.

Royce’s proposal would ensure that no one at Fannie Mae or Freddie Mac gets more than the […]

CFPB Fines Fidelity National Financial, Western Union $38M


The Consumer Financial Protection Bureau is charging two companies affiliated with Western Union and Fidelity National Financial more than $38 million in total charges for allegedly steering consumers into a mortgage payment program that cost them millions of dollars in fees.

Paymap Inc., a payment processor that is part of Western Union, and LoanCare, a mortgage servicer that serves as a subservicer for ServiceLink (which is majority-controlled by Fidelity National Financial), were cited by the CFPB for wrongfully promising “tens of thousands of dollars in interest savings” to consumers if they made more frequent mortgage payments. The “Equity Accelerator Program” deducted automatic payments for a mortgage on behalf of the consumer, but also typically charged a $295 enrollment fee as well as a $2.50 transaction fee for each debited payment. As a result, about 125,000 consumers paid more than $33 million in fees since July 2011, the […]

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