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Opinion: The pros and cons of VA modernization bill

Housing Wire

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? Ask anyone in the HR department of a loan origination or servicing shop and they’ll tell you that a storm is coming.

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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

HomeLight

With some loans requiring as little as 3% down, the initial down payment on the average home could be around $16,300. While paying for your home in cash sounds like a dream, most first-time homebuyers use a loan to buy the house. How much do you need to buy a house in Pennsylvania? This is called your down payment. Second mortgage.

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Uprooting for Work? Here’s How to Negotiate a Relocation Package

HomeLight

Inspections : Varies based on location, with a national average of around $328 . Some relocation packages offer a relocation mortgage , a loan that allows your employer to make financial contributions to your mortgage in various ways. Ask your employer’s HR department if they have a relocation policy or benefits to offer.

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7 best real estate classes in Ohio (OH) for 2024

Housing Wire

Business Ebooks by Industry Experts, Career Resources, Downloadable Resources, Digital Flashcards, Real Estate Glossary & Study Schedule Standard: All Basic Features + Exam Prep Edge (National and Ohio) and Pass Guarantee Value: All Standard Features + Business Building Courses Premium: All Value Features + The CE Shop 20-Hr.

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Senate passes VA appraisal modernization bill

Housing Wire

Department of Veterans Affairs (VA) mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals, and in some circumstances, waiving appraisals altogether. . It is expected to be signed by President Joe Biden.

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