Chicago Agent Magazine Who’s Who 2015 – Anthony Marinaccio

Anthony Marinaccio, Senior Vice President of Residential Mortgage Lending Key Mortgage Services, named in Chicago Agent Magazine's Who's Who in Real Estate 2015 - Read Anthony's Full Article in Chicago Agent Magazine Who's Who of 2015.        

Fannie Mae Guideline Updates

On June 30, 2015 Fannie Mae released some major improvements to their guidelines. Download the changed Fannie Mae Guidelines here.  The biggest change that helps homebuyers is the new no equity in departing home guideline that will help a ton of buyers get out of an old home with no equity requirement (even if the [...]

Integrated Disclosure Rule: TILA & RESPA Updates

The Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) promise to change how banks present disclosure materials on August 1, 2015. Prepare your loan officers and bankers with the following sample forms, FAQ sheets, webinars and other resources designed specifically to help bank officials meet compliancy by the August 1 deadline. [...]

What Are Par Rate Mortgages?

What it means to be pitched Par Rate. The definition of 'Par Rate' when dealing with a residential mortgage is the base interest rate you qualify for relative to all of the following factors: fico credit rating, down payment percentage amount, type of home (single family, condo, townhouse, etc.), type of mortgage product (fixed vs. [...]

The Qualified Mortgage: What Is It?

If you’ve been thinking about refinancing your mortgage or are preparing to buy a home, you may or may not have heard about the new mortgage rules that took effect January 10 of this year. In 2010, as a response to the housing crisis of the last decade, Congress wrote the Dodd-Frank Wall Street Reform [...]