Did you know that Zach Larichiuta and the Lucy Lending Team of Charleston are licensed in multiple states? We are now licensed in North Carolina, George and Florida: as well as our established license and presence in South Carolina. We feel it is vital to be available to our valued clients in every capacity that… Continue reading WE ARE LICENSED IN MULTIPLE STATES
Tag: Lucy Lending Team
EPMI – Enterprise Paid Mortgage Insurance
Most people are familiar with the term “Borrower Paid Mortgage Insurance”, as well as the option for “Lender Paid Mortgage Insurance”. This past July, Fannie Mae, announced the introduction of an additional mortgage insurance pilot program. The mortgage insurance option is called Enterprise-Paid Mortgage Insurance (EPMI) and allows a lender to deliver an over 80%… Continue reading EPMI – Enterprise Paid Mortgage Insurance
WHAT A GOVERNMENT SHUTDOWN MEANS TO THE MORTGAGE INDUSTRY
1. Flood Insurance 1. No new policies and/or renewals will be processed. Therefore, if a loan requiring flood insurance does not have the proper insurance in place, it cannot close under any circumstance. 1. If the policy was paid before the shut down or is not yet due for renewal, there is no impact. The… Continue reading WHAT A GOVERNMENT SHUTDOWN MEANS TO THE MORTGAGE INDUSTRY