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Mortgage and Lending - Franklin Advantage Inc. - NMLS Lic. # 343946
RECENT BLOG POSTS
Mortgage Limits Safe for Another Year- Update Those of us in the industry have a good reason to give a sigh of relief as the head of the Federal Housing Finance Agency, Edward DeMarco just made a formal announcement that limits for the upcoming year of 2014 will remain unchanged. DeMarco had made...
11/26/2013
 AR Forum   During the weekend of November 16th, Fannie Mae Will be making some new changes to it's DU system with the roll-out of DU 9.1   There are many changes to the system, but most notably for those of us in the industry is the increased down payment on Conventional loans from 3% to 5% effe...
11/08/2013
AR Members Some of this is a little technical, and might be boring for some of you not in lending.  Yet, there are important changes taking place soon. One of the most glarring changes is eliminating the 3 % down for Fannie Mae's My Community Program and also HomePath.  New down payment requireme...
09/13/2013
To My Fellow AR Realtors Came upon an interesting read on my FaceBook site today from one of my real estate trainers, Duane Gomer. The subject matter covers the use of Ficticious Team Names, and how the California Bureau of Real Estate- Formerly the California Department of Real Estate views the ...
07/09/2013
    Hope has been extended for those homeowners who are currently under water on their current mortgages. The reason is twofold.  First, the Federal Housing Finance Agency ( FHFA ) announced today that they were extending the HARP program for two more years.  The program was originally supposed t...
04/11/2013
 Fellow AR Members Effective April 1st, HUD has made changes to the existing policies for Mortgage Insurance Premiums. Below is a link to HUD's site where the Mortgagee Letter 2013-04 details these changes.  Please keep for your reference.    http://portal.hud.gov/hudportal/documents/huddoc?id=13...
03/12/2013
Fellow AR Members Our company contracts with one of the nation's foremost Real Estate Educators, Bill Sparkman.  He does this for both Realtors and Loan Originatos.  For our LO's he has coached,motivated, and helped us to set our goals to achieve even more success. Tomorrow at 10am Pacific Time, ...
01/15/2013
Forum The maximum dollar limits for conforming mortgage loans will remain unchanged for Freddie Mac and Fannie Mae in 2013.  The GSEs' conservator, the Federal Housing Finance Agency (FHFA), announced on Thursday that the baseline limit that will apply to most of the country will be $417,000 for ...
11/29/2012
  FHA recently announced changes to their MIP and MMI fee structures effective next year that will undoubtedly affect both purchase and refinance business. Due to the ongoing issues with HUD reserves for potential losses has forced them to again change both the fee structure AND termination of MM...
11/26/2012
This time of year always gives most of us a time to pause and be thankful for our Blessings.  I came across this recently, and just wanted to share this with you. Great words to ponder.  Have a Blessed and good holiday week, everyone.    Thanksgiving   If you woke up this morning with more health...
11/20/2012
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Wayne L.Brown

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