Blog

Benefits of Netting Escrow

Northstar Team | March 7, 2017
Benefits of Netting Escrow Netting a borrower’s escrow during refinancing can make the process quicker. Instead of paying the new escrow amount out of pocket, a borrower can net, or…

Lock, Shop & Drop Loans

Northstar Team | February 15, 2017
Our Lock, Shop, and Drop program combines 3 different features into one easy tool that will set you apart from all the other buyers when speaking with agents and builders.   Most…

New Tax Transcript Guidelines

Northstar Team | February 14, 2017
EFFECTIVE IMMEDIATELY, IRS transcripts for Conventional, FHA, and VA loans are no longer required by Northstar Funding Inc Reducing the paperwork for these types of loan products is our way of simplifying the process,…

Mortgage Rates Drop to 2-Week Lows

Joe Pisa | February 7, 2017
Mortgage rates moved lower today as investors sought safe haven from global political risk in the bond market.  When investor demand for bonds increases, rates generally fall, all things being equal.  Today's…

Job Growth Jumps. Wage Growth Weakens.

Joe Pisa | February 3, 2017
In This Issue Last Week in Review: While more Americans found jobs in January, they still may be looking to add more to their paychecks. Forecast for the Week: Markets…

Federal Reserve Outlook

Joe Pisa | February 1, 2017
The Federal Reserve met today and decided that the Federal Funds Rate will remain low - holding steady between 0.50% and 0.75%. Since financial market experts predict several rate increases…

HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility

Joe Pisa | January 31, 2017
https://homeready-eligibility.fanniemae.com/homeready/ http://freddiemac.com/homepossible/eligibility.html ​Put the address of your subject property into the HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility tool and if the income limit works for your loan then this…

MMG Weekly: Report Card in for 2016 Housing, GDP

Joe Pisa | January 27, 2017
Last Week in Review "Turn this house into a home." Luther Vandross. Existing Home Sales and New Home Sales followed a similar path downward in December. But the latest housing…

FHA is reducing its annual mortgage insurance premium

Joe Pisa | January 17, 2017
FHA is reducing its annual mortgage insurance premium (MIP) by 25 basis points for most new mortgages with a closing/disbursement date on or after January 27, 2017.  New MIP rates…