Flood You!

Flood You!

Our friends at #FEMA  are not the best at mathematics or costs analysis. Having played ice hockey with Wharton MBA students  and professors for years, I can come to the conclusion that you should not spend $1,470,000 for a home worth $183,000.  Gee, am I smart! One Biloxi, MS property valued at $183,000 flooded 15 … Continue reading Flood You!

Mortgage Lenders Taking Risks, Closing Go Forward with no 4506

Mortgage Lenders Taking Risks, Closing Go Forward with no 4506

Mortgage lenders around the country seeing a crisis coming are starting to be more accommodating to borrowers that need to close. For Fannie Mae/Freddie Mac conventional loans and FHA mortgages, borrowers who are not self employed and/or own multiple properties can close on agency products without reverifying their income tax returns with the Internal Revenue … Continue reading Mortgage Lenders Taking Risks, Closing Go Forward with no 4506