Mat Ishbia is the president and CEO of United Wholesale Mortgage, and each month, he shares industry happenings that could impact your business. For July, Ishbia elaborates on
- Freddie Mac’s new HomeOne mortgage
This program is a conventional program that only requires a 3% down payment for any first-time buyer. Launching on July 29th, HomeOne provides an option for homeownership to those potential borrowers who don’t meet AMI requirements.
- Industry-wide changes make it easier to process condo purchases
Fannie Mae and Freddie Mac have announced some changes, including treating condos more like single-family residences and appraisal waivers. Will FHA follow suit?
- Virtual e-closing is expanding across the country
Away on summer vacation? No problem – virtual e-closing makes closing easier, faster, and more flexible for your clients. You can be a leader in this space by educating your referral partners.
See Matt discuss these points .
3 Points with Mat Ishbia, May
3 Points with Mat Ishbia, June