Rodney Mason - Conv, FHA, VA, USDA, Renovation

Mortgage and Lending - Guaranteed Rate NMLS# 2611 - NMLS #151088



Since late 2007, the mortgage industry has experienced an extreme tightening of underwriting guidelines across the board.  One area in particular is giving some borrowers a returns.  As part of the quality control process, most all mortgage lenders are now, prior to closing, verifyin...
The Home Affordable Foreclosure Alternatives Program In its attempt to reduce the rising number of foreclosures in the U.S., the Treasury Department introduced a new federal program.  The program is intended to make it easier to process a short sale for people unable to keep their homes. Home Aff...
Fannie Mae has updated it's policy for the minimum amount of time that a borrower must be employed when qualifying for a conventional mortgage.  A minimum of one pay stub will be required for all approvals.  When one paystub is used to document income, the paystub should reflect at least 30 days ...
Fannie Mae has clarified it's policy relating to multiple mortgages for the same borrower.  In the Fannie Mae Selling Guide announcement states that the following guidelines must be followed: The financed property limit applies to any combination of ownership in one- to four-unit properties and i...
The comming weeks will give a glimpse of the true impact of the tax credit. Was the Home Buyer Tax Credit Really a Help or Just Hype?   Now that the drop dead date of April 30 has come and gone we can look at the government's home buyer tax credit through a different set of eyes. I don't know how...

Rodney Mason

VP of Mortgage Lending - AL, FL, GA, SC, & TN
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