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NAR News (National Association of Realtors / 전미 부동산 중개인 협회)

(마이애미) 3% down mortgages roll out at breakneck speed – Florida Realtor News (마이애미)


WASHINGTON – Jan. 5, 2015 – Lenders’ quick adoption of a recently announced decision to allow 3 percent downpayment mortgages created a nice holiday gift for the mortgage industry and homebuyers.

Lenders say they’ve sped up the normally cumbersome process because some things have changed. For one thing, they’re able to get the new product out faster because many lenders now sell their loans directly to Fannie Mae and Freddie Mac instead of aggregators or wholesale lenders that have historically attached extra lending guidelines – called overlays – to the loan requirements.

Also, the qualified mortgage rule (QM), while stricter, has made it easier for lenders to assess quality control, underwriting and risk decisions because there are now fewer gray areas that require study.

Still, most consumers don’t yet know that a 3 percent downpayment mortgage product exists – yet. The mortgage industry must now start to make consumers aware that the low downpayment loan products are available.

“If you want to push it, market it and get it out there, I think you should absolutely be able to increase your business if you market it to your clients and real estate agents and everybody else,” says Michael Deery, president of San Diego-based mortgage brokerage Citywide Financial.

Source: American Banker (12/26/14) Finkelstein, Brad

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About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail :


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Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail :


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