DPA and Accounting Services; Documentation Changes; New Jumbo Deal

Posted To: Pipeline Press

Harvard research finds that Americans will spend $316B remodeling their homes in 2017 vs. $296B in 2016. This also compares to a low of $222B (in 2009) and a high of $334B in 2006 (and adjusted for inflation). And many lenders have products to help! Documentation and Policy Changes Before I forget, and to clear up any confusion regarding yesterday's note about Pacific Union Financial ...The company is eliminating the current Stand Alone Down Payment Assistance (DPA) Policy and replacing it with a new DPA Approval Policy. The updated policy allows Pacific Union Underwriters to approve DPAs that meet the following requirements: No outlay of funds by Pacific Union is required, lender approval to participate is not required, and all documents and disclosures are provided by the DPA provider. This...(read more)

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