Closing Resource Center

Welcome to the Mortgage Daily Resource Center! Here, you’ll find everything you need to know about the mortgage industry, all in one convenient location.

Latest Posts

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

Home Inspection vs Appraisal

Home Inspection vs Appraisal

Difference Between Home Appraisal and Inspection People often confuse home appraisals with home inspections, and even some unseasoned real estate brokers can confuse the two roles these two very different individuals are responsible for. Even the...

Best Tips to Find a Mortgage Lender Online

Best Tips to Find a Mortgage Lender Online

To secure a mortgage loan, you will need to find a lender. In the past, this entailed walking into your local bank or credit union and simply asking for a loan. There is now a massive online mortgage marketplace, giving borrowers thousands of...

Mortgage Broker vs Bank Pros and Cons

Mortgage Broker vs Bank Pros and Cons

Both mortgage bankers and brokers can offer mortgages to potential homebuyers. So, how do these lenders differ? The type of lender you decide to go with should not heavily influence the overall outcome in terms of the loan amount and interest rate...

Comparing 3 High Common Mortgage Types

Comparing 3 High Common Mortgage Types

A mortgage is a special type of loan for homebuyers. In simple terms, the homebuyer will agree to hand over a certain percentage upfront in order to seal the deal with the lender. In return, the lender will pay the remaining balance, but it will...

FREE CALCULATORS TO HELP YOU SUCCEED

Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Top Picks for You

2023 Guidelines for Fannie Mae HomeReady Mortgages

Third-Quarter 2012 Mortgage Litigation Index

Lawsuits involving excessive fees, servicing fees and loan fees beyond state maximums.   Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Fannie Mae and Freddie Mac Orangeburg County,...

2023 Guidelines for Fannie Mae HomeReady Mortgages

PNC Reports Small Improvement in Production

The PNC Financial Services Group Inc. managed a small gain in quarter-over-quarter residential production, though mortgage earnings were hurt by repurchases. Mortgage delinquency was lower. Home-loan originations were $3.6 billion during the...

2023 Guidelines for Fannie Mae HomeReady Mortgages

Second-Quarter 2012 Mortgage Litigation Index

Secondary Marketing Lawsuits Second-Quarter 2012 Mortgage Litigation Index Cases related to secondary marketing, warehouse lending and repurchases. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to...

2023 Guidelines for Fannie Mae HomeReady Mortgages

Second-Quarter 2012 Mortgage Litigation Index

MBS Lawsuits Second-Quarter 2012 Mortgage Litigation Index  Lawsuits related to mortgage-backed securities.   Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Danny Tadmore U.S....

2023 Guidelines for Fannie Mae HomeReady Mortgages

Freddie’s Forecast Blows Away Other Outlooks

First it was the Mortgage Bankers Association increasing this year's origination outlook to nearly $1.3 trillion. Fannie Mae followed, pushing projected production past $1.3 trillion. Not to be outdone, Freddie Mac has now topped both forecasts by...

2023 Guidelines for Fannie Mae HomeReady Mortgages

Third-Quarter 2012 Mortgage Litigation Index

MBS Lawsuits Third-Quarter 2012 Mortgage Litigation Index Lawsuits related to mortgage-backed securities. Defendant Plaintiff Court Amount Overview Case Title Case Number Date Filed Date of Activity Link to Story Ally Financial Inc John Hancock...

2023 Guidelines for Fannie Mae HomeReady Mortgages

BofA Buried Deep in MBS Litigation

Legacy liability on securitized loans from its Merrill Lynch and Countrywide Financial Corp. acquisitions has kept Bank of America Corp. busy in federal and state court defending its capital. Among the plaintiffs are life insurance companies and...

2023 Guidelines for Fannie Mae HomeReady Mortgages

Mortgage Servicing Lawsuits

Mortgage Servicing Lawsuits Second-Quarter 2012 Mortgage Litigation Index Litigation related to loan servicing, including escrow issues, transfer of servicing and servicing borrowers in bankruptcy and foreclosure.   Defendant Plaintiff Court...

2023 Guidelines for Fannie Mae HomeReady Mortgages

Impressive Performance at PNC 

Delinquency declined as earnings, originations and mortgage assets increased at The PNC Financial Services Group Inc. Performance, however, on government mortgages has deteriorated over the past year. Loan originations totaled $3.4 billion in...

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.