Did you know, that something called a CLUE report can be critical when you’re buying a home? CLUE stands for Comprehensive Loss Underwriting Exchange and might also be known as a Letter of Experience or simply Property Insurance History. This report details all insurance claims made against a specific property, typically within the past 7… Read More
Eighty-six percent of the typical bank’s mortgage loans made last year were “qualified mortgages,” according to the American Bankers Association’s 23rd annual Real Estate Lending Survey. Despite an increase in non-QM lending, the survey results revealed that 72 percent of respondents expect the Consumer Financial Protection Bureau’s mortgage lending rules will continue to cause a… Read More
