Items Tagged with 'Mortgage'

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Wells Fargo now offers 3% down payment mortgages

Allows FICO scores as low as 620
Wells Fargo is answering calls in the industry to expand the credit box. Not only did the bank announce it now offers a down payment of as little as 3% for fixed-rate mortgages, but it is accepting mortgages with a FICO score as low as 620. Here's how Greg Gwizdz, executive vice president of national retail sales with Wells Fargo, said the bank is making this program work.
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3 reasons not to pay 3% down

Here's why one financial planner thinks a low down payment could be trouble
Many homebuyers, including a large number of Millennials, are looking at non-traditional ways of buying a home. Putting a smaller down payment on a home is one way that they are able to cope with rising home prices, but one financial analyst thinks these smaller down payments are causing more harm than good.
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Love working in real estate finance, but hate to network?

3 tips to master small talk
As consummate appraisers, real estate agents, mortgage loan brokers, etc., readers of HousingWire are often called upon to network as part of their jobs, be it happy hour or industry conferences, such as MBA Secondary, which is going on right now. Love it or hate it, but at least learn to master it.
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Ellie Mae teams up with Wells Fargo

Transfer data in one click
The two companies teamed up to create a solution for data transfer from Ellie Mae to Wells Fargo. Ellie Mae announced the new partnership, details the new process, and explains how it will improve efficiency. It's all right here.
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FHFA: More than 3.4 million homeowners used HARP

A little more than 6 months left
The Home Affordable Refinance Program comes to a close this year. Now the FHFA will put in its last efforts to encourage homeowners to take advantage. But, before we all wave a teary goodbye, here are some stats offering a snapshot of the epic, Federal program.
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Sindeo hires Deepak Kumar as COO/CFO

Previously Fannie Mae senior executive and VP
Kumar filled Sindeo’s executive position and now looks to lead the team into new expansion. He brings 20 years of experience, along with prior history at Fannie Mae to the company.
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