When writing a business plan, itâs important to put together a financial plan that projects future income, cash flow and changes to the balance sheet. The financial plan section often consists mostly of spreadsheets. Itâs where the business owner presents … Continue reading →
The post Guide to Writing a Financial Plan for a Business appeared first on SmartAsset Blog.
No one intends to drop out of college. If you show up to campus for your freshman year, chances are you plan to graduate in four years and use your degree to land a job. Maybe you even have the…
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The post I Dropped Out of College: My Student Loan Repayment Options appeared first on MintLife Blog.
If youâre in search of financial help for higher education, you may have explored different scholarships and grants to pay the way. Gifted money is a great way to pay for school without having to worry about paying it back … Continue reading →
The post What Is a Stafford Loan and How Do You Qualify? appeared first on SmartAsset Blog.
What if mortgage lenders could earn borrowersâ confidence and affection even earlier, so that they would turn to them repeatedly for other loans, including that initial mortgage, CampusDoor CEO Steve Winnie asks.
Mortgage rates moved up last week, and it looks like they’ll keep rising in 2021. But how high will rates go? Should you try to lock in now?
Due to coronavirus, there are new rules for self-employed home buyers who want to use FHA loans. Learn about new lending rules here.
Posted To: MND NewsWire
Fannie Mae said that the standardization of servicing standards that followed the 2008 housing crisis appears to have helped the industry manage the recent flood of COVID-19 forbearance plans. The company included a series of questions about forbearance management in its September Lender Sentiment Survey and has now released a special report on the responses. Servicers had to move quickly to implement the forbearance programs, which were first announced by the GSEs Fannie Mae and Freddie Mac and by FHA but were then expanded and mandated by Congress under the CARES Act. They also had to manage the loans in forbearance, continue remittances to investors, and make insurance and tax payments out of escrow accounts. As the plans had three-month terms, borrowers had to be contacted to do renewals…(read more)
Mortgage applications jumped 16.7% after a 4.2% drop last week, according to the Mortgage Bankers Association. The jump underlines the seasonality behind last week’s decrease, as well as the expectation of additional fiscal stimulus from the incoming administration.
The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.
Mortgage Rates Today, January 8, 2021 | Key rate advances Bankrate.com
In the mortgage industry an Early Payment Default (EPD) is a mortgage loan that goes 90+ days delinquent or into a default status in its first year. Early Payment Default (EPD) is one of the strongest indicators of possible mortgage fraud. Mortgage industry investors are very concerned with identifying EPDs and performing quality control checks to determine if mortgage fraud has occurred.