Reminder: Private Mortgage Insurance is Temporary


Private Mortgage Insurance or PMI lets home buyers enter into a mortgage with as little as 3.5% down. The lender will require that this coverage continue until the borrowers equity is 20% of the home’s value. This NY Times article serves as a good reminder to borrowers on the fact that this rather expensive insurance … More Reminder: Private Mortgage Insurance is Temporary

Ending Marketing Agreements Between Lenders and Real Estate Brokers


More lenders such as Wells Fargo are doing away with marketing service agreements or MSA’s with real estate firms as Federal Regulators have begun cracking down on some of these arrangements as violations of anti-kickback  laws. This Realtor.org article explains the recent actions taken against lenders that have made some do an about face on these … More Ending Marketing Agreements Between Lenders and Real Estate Brokers