“Won’t you be my neighbor?”: Good Neighbor Next Door program

June 10, 2019

To help strengthen revitalizing communities, the Department of Housing and Urban Development created the Good Neighbor Next Door (GNND) program. The program offers a 50% discount on the purchase price of a home—with a low down payment of $100 for FHA loans—to members of society who have dedicated their lives to community betterment. There are three key factors to consider for the GNND discount: The borrower’s job The borrower must…


Social Media: The Future of Digital Marketing or the Present?

May 6, 2019

There was a time when social media was simply a fun way to stay in touch with your friends or share nonsensical videos on the internet. That time is over. Social media is now the new cold call. Why waste an entire day dropping in on businesses who MAY want to do business with you, when you can fire off a post in 30 seconds and let them come to…


Non-Qualified Mortgages are on the Rise: What Does that Mean for You and Your Borrowers?

March 11, 2019

The failure to appropriately qualify applicants for a mortgage loan combined with less stringent underwriting standards have been cited as two key factors in the events that led to the 2008 financial crisis. This has led to various regulatory changes, including the requirement that lenders verify the applicant’s ability to repay the mortgage obligation. This requirement was part of the Ability to Repay (ATR) rule. The ATR rule, among other…