Data Facts Lending Solutions Blog

What FHA e-Signatures Mean To You

Posted by Jennifer Hamby

Apr 23, 2014 2:34:00 PM

In an effort to modernize its processes and further streamline the mortgage lending process, FHA announced the authorization of lenders to accept electronic signatures on FHA backed mortgage loan documents for Single Family Housing.  With FHA's publication of the Mortgagee Letter 2014-03 now, the organization will allow e-signatures on origination, servicing, and loss mitigation documents, as well as FHA insurance claims, REO sales contracts and related addenda.  

Documents now authorized by the FHA include all thos

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Topics: Mortgage, lending solutions, Compliance, FHA

H.A.R.P. Has Been Extended!

Posted by datafactssolutions

Jan 23, 2014 8:56:00 AM

The H.A.R.P. (Home Affordable Refinance Program) program which enables struggling homeowners to refinance their mortgage, whose home value has declined, has extended its application deadline to December 31st 2015.

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Topics: Data Facts, Mortgage loan, MBA, Mortgage, lending solutions, finances, HARP 2.0, FHA, mortgage news

Mortgage Triggering: Who is contacting my customer?

Posted by datafactssolutions

Jul 9, 2013 9:11:47 AM

Mortgage triggering is a frustrating, pull-your-hair out phenomenon that rears its ugly head frequently during a refinance boom. If you are a mortgage lender and haven’t experienced it yet, lucky you.

Mortgage triggering is the process that some lenders use to gain customers.

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Topics: Data Facts blog, FCRA, wordpress blog, Data Facts, Mortgage loan, Fair Debt Collection Act, Mortgage, lending solutions, Credit Score, Mortgage compliance, Financial literacy month, mortgage fraud, Improve Credit Score, credit history, Mortgage triggering, Do not call list, Compliance, FHA, Opt Out PreScreen, mortgage news

Back On Track: The Housing Market Is Changing For The Better

Posted by Stacie Shelton

Apr 19, 2013 9:30:00 AM

The housing market is improving much faster than anyone would have expected a year ago. Nationally, the prices of homes increased by 10% since February of 2012. However, many in the industry think that this may be cause for concern. They are nervous that the fast pace of recovery will cause another bubble.

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Topics: Data Facts blog, wordpress blog, Data Facts, Mortgage loan, Mortgage, Credit Score, Mortgage compliance, short sale, mortgage fraud, finances, credit history, Mortgage triggering, Strong password, FHA, mortgage news

FHA Changes Their Stance On Collection Accounts…..for now

Posted by datafactssolutions

Apr 10, 2012 9:55:00 AM

FHA had decided to implement a new rule that would not provide home loans to applicants with collections of over $1000, unless those balances were paid off before closing.

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Topics: Data Facts blog, wordpress blog, Data Facts, Mortgage loan, Mortgage, Credit Score, Collection accounts, Collections, credit history, FHA

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