Countrywide Home Loans Inc., Calabasas, Calif., has announced a new program to streamline home loan applications.Countrywide's Fast and Easy Loan for single-family, detached homes allows homebuyers with solid credit histories and homeowners who want to refinance to apply for a loan without providing documentation of income or assets. To apply, a borrower provides only basic information on salary, financial assets, and debts (no documentation necessary); authorizes Countrywide to verify credit information; and provides personal identification prior to loan closing. The product is a conforming, fixed-rate loan available for terms of 10, 15, 20, 25, and 30 years. It requires a at least a 10% downpayment.
-
A federal judge rejected defenses by a brokerage that acknowledged selling loans to both United Wholesale Mortgage and rival Rocket Pro TPO.
38m ago -
Onity Group's Jack Cavanagh describes how data science has changed processes in the mortgage industry and what type of misconceptions still exist about AI.
1h ago -
New research from the Federal Reserve Banks of New York and San Francisco says markets put the odds of zero interest rates lower today than in the recent past, but economic uncertainty raises the potential for drastic cuts in the "medium to long term."
July 7 -
While more consumers expect purchase conditions to improve, potential job loss weighs on the mind of a growing number of likely homebuyers, Fannie Mae found.
July 7 -
Deadly flash flooding in Texas serves as a reminder of the tactics scammers and fraudsters use against both victims and charitable onlookers.
July 7 -
Following deadly flash floods in Texas, the Office of the Comptroller of the Currency allowed national banks to close branches for safety.
July 7