Mortgage approval

What Does a Loan Officer Need for My Loan Application?

October 7th, 2010

What do I need for loan application? ...And why is this additional information being requested of me? What are the underwriters looking for? Thank you to J. Christopher Kennedy of 1st Mariner Mortgage in Downtown Baltimore for some answers to mysteries of loan application and approval process. Why are you asking this? Too often buyers [...]

HUD to Investigate Possible Loan Denials to Pregnant Borrowers

July 22nd, 2010

News came out yesterday in a New York Times report that there were loan denials to people because of the fact that one member of the family was expecting a baby, and now HUD is going to investigate the possible loan denials to pregnant borrowers. Shaun Donovan, of HUD, stated to the New York Times: [...]