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ByAlex Carlucci
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This Article On Experience With Failing Mortgage Exam And Retaking Test Was Written By Alex Carlucci Learn From Failure / IL NMLS Test: My Experience With Failing Mortgage Exam Well, everyone, the time has come and gone for my taking of the Illinois Mortgage Loan Originator test: I am not here to report good news Unfortunately,…
ByAlex Carlucci
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BREAKING NEWS: Coronavirus Threatening Mortgage Industry for homebuyers and homeowners. Coronavirus outbreak is threatening mortgage industry for borrowers buying and refinancing their homes. The coronavirus pandemic crisis has hit home hard. The US economy is in shambles. The US economy was rock solid prior to the pandemic. In February 2020, the Dow Jones Industrial Average…
ByMike Gracz
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BREAKING NEWS: How The Coronavirus Pandemic Affects Qualifying For FHA Mortgages For Borrowers With Lower Credit Scores With an additional roughly 5 million Americans filing unemployment last week, this pushes a total of 26 million Americans off work due to COVID-19 coronavirus. This is an alarming rate that we hope changes quickly Unemployment was at…
ByAlex Carlucci
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BREAKING NEWS: Jumbo Loans During Coronavirus Pandemic Mortgage Crisis Jumbo Loans During Coronavirus Pandemic is an issue. The high-end housing market was booming prior to the coronavirus pandemic High-end homes were very much in demand Custom home builders were having record sales year after year The economy was the best ever prior to the coronavirus…
ByAlex Carlucci
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BREAKING NEWS: FHFA Rescue Mortgage Servicers Liquidity Concerns Due To Pandemic Included in President Trump’s 2.2 trillion coronavirus pandemic stimulus package was a law that gives homeowners the right to skip and defer mortgage payments for up to one year. The mortgage forbearance clause in the phase three stimulus package allows homeowners affected by the…
ByMike Gracz
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BREAKING NEWS: Mortgage Denial Due To Coronavirus Pandemic Crisis Chaos As the United States and global population deal with this pandemic, many pillars of industry have been affected. The mortgage market is heavily affected due to this pandemic There are many unfortunate outcomes of this COVID-19 outbreak including millions of Americans out of work Since…
ByGustan Cho
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This BLOG On VA Employment History Guidelines To Qualify For VA Loans Was UPDATED On April 15th, 2024. VA Loans is the best loan program in the U.S. Unfortunately, not everyone can qualify for VA Home Loans. To be eligible for VA Loans, borrowers need to be either an active member of the U.S. Military…
ByGustan Cho
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BREAKING NEWS: Coronavirus Stimulus Checks Being Sent To American Taxpayers This Week: Coronavirus Stimulus Checks are being sent to individual taxpayers this week. Over 80 million Americans will be receiving the coronavirus stimulus checks: Taxpayers who filed income taxes where the Internal Revenue Service has the taxpayer’s bank account information will be getting a direct…
ByAlex Carlucci
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This ARTICLE On Will Coronavirus Pandemic Keep Buyers From Home Purchase In 2020 Was PUBLISHED On April 13th, 2020 The 2020 housing market forecast was stronger than ever before the coronavirus pandemic. The pandemic not only devastated the US economy but has turned the housing and mortgage market upside down Many homebuyers with solid pre-approval…
ByAlex Carlucci
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This BLOG On How To Handle Conflict At The Workplace And Solutions By Alexander Thomas Carlucci Nice people can master conflict just a well as mean people Typically nice and mild-mannered individuals tend to shy away from conflict, not that mean people are any better at conflict; they just enjoy it more. Recent studies have…
ByGustan Cho
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BREAKING NEWS: Lender Overlays Due To Coronavirus Crisis On Mortgage Loans The economic shut down due to the coronavirus pandemic is affecting the US economy like never before. The US economy is shut down due to the unexpected pandemic Millions of businesses have closed, either laying off workers and/or firing them Many closed businesses are…
ByGustan Cho
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BREAKING NEWS: VA Loans During Coronavirus Pandemic Mortgage Crisis The US economy is at a standstill as we speak due to the coronavirus pandemic that hit the nation. Prior to the pandemic, the US economy was the strongest it has been in the history of the United States Unemployment hit an all-time historic low at…
ByAlex Carlucci
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This Article On Workplace Stress And How It Can Affect Our Careers Was Written By Alex Carlucci of Gustan Cho Associates When it comes to Workplace Stress, there’s both good and bad news. THE BAD NEWS: If your work stresses you out, know that you’re not alone In 2017 a study showed that close to 83%…
ByGustan Cho
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BREAKING NEWS: Mortgage Programs Suspended During Coronavirus Pandemic The 2020 housing market is still strong. However, mortgage lenders are going through turmoil and chaos due to the economic impact of the coronavirus pandemic. The secondary mortgage bond markets have plummeted Mortgage-backed securities (MBS) have been tanking where investors do not see any value in purchasing…
ByMike Gracz
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BREAKING NEWS: Buying A Home During COVID-19 Pandemic Mortgage Crisis We all know the COVID-19 coronavirus outbreak has affected the world in unimaginable ways. Some major industries such as tourism, retail, automotive, logistics, and even real estate are affected in unmeasurable ways In this blog, we will give a quick COVID-19 mortgage update as well…
ByGustan Cho
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BREAKING NEWS: Qualifying for FHA loans during coronavirus pandemic mortgage crisis. Gustan Cho Associates is getting countless calls from borrowers who are getting conflicting reports as to qualifying for FHA loans during coronavirus pandemic mortgage crisis. Many are often confused because they are turned down from qualifying for an FHA loan by lenders. Others who…
ByMike Gracz
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This Breaking News Article Is About How The Coronavirus Pandemic Is Affecting The Mortgage Process As we approach a new week during this coronavirus COVID-19 pandemic, Americans are still in panic mode. We are seeing the epicenter New York city grow in panic The White House coronavirus task force is continuing to hold press conferences…
ByAlex Carlucci
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This BLOG On What Is A Stalking Horse Offer And How Does It Work Was UPDATED And PUBLISHED On April 5th, 2020 The Stalking Horse Bid – “Pros & Cons”IntroAn experienced real estate investor is probably familiar with the term “stalking horse” as it relates to bidding on and buying listed assets of a debtor…
ByGustan Cho
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This ARTICLE On Qualifying For FHA Loans During Coronavirus Pandemic Was PUBLISHED On April 4th, 2020 The coronavirus pandemic has not just halted the US economy but has turned the mortgage industry upside down. FHA, VA, USDA, Fannie Mae, Freddie Mac has not changed any agency mortgage guidelines However, most lenders are facing major liquidity…
ByGustan Cho
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This ARTICLE On Mortgage Guidelines After Unemployment Due To Coronavirus Crisis Was PUBLISHED On April 4th, 2020 There are many Americans who have worked hard over the years saving money to purchase a home in 2020. The US economy was stronger than ever in the history in the past several years Job growth was increasing…
ByMike Gracz
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BREAKING NEWS: Home Buying Process During The Coronavirus Pandemic Crisis As Americans received some puzzling news from the White House coronavirus task force briefing yesterday on March 31, 2020, we all must prepare for things to get worse before they get better. By the graphs and model charts presented, we are in for a dark…
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