Affordability and inventory constraints may be top of mind for many of your borrowers. Our Chief Economist, Jeff Bridges, discusses current market trends, the key drivers that are impacting home inventory, and how Enact MI provides individuals with the opportunity to become homeowners. Reflecting on homebuying’s recent past During the pandemic, home prices appreciated, incomes […]
We discuss the importance of environmental, social & governance (ESG), with Daniel Kohl, Vice President of Investor Relations & Finance at Enact. He also highlights why ESG is good for business and how Enact is implementing an ESG platform. An overview of our ESG Enact exists to help people buy homes and help them stay […]
You’ve been in the industry, so you know how much information you need to retain. It’s easy to settle into a routine of using acronyms, abbreviations, and other industry jargon. To account for possible communication barriers as you work with your customers, we’ve outlined some key points and tips that can help you create a […]
Your borrowers, especially first-time homebuyers, may not realize that with MI they can put less than 20% down when they purchase a home, or that they may be able to receive help on their down payment through down payment assistance (DPA) programs. At Enact, we’ve got resources and training options to help you inform and […]
Credit plays a crucial role in the homebuying process, from risk assessment to loan and interest rate approvals. Your borrowers may not realize the extent to which their credit may affect whether they’re able to buy a home. That’s why we are diving into the importance of credit and what your borrowers need to know […]
[We have many First-Time Homebuyer Resources to help your prospective borrowers prepare for their homebuying journey. Be sure to check out the Help for FTHBs Hub to learn more!] Homebuying can feel overwhelming and daunting. Especially for first-time homebuyers. In fact, only 26% of all homebuyers in 2022 were first-time homebuyers, a decrease from 34% the […]
Not all mortgage loan submissions are the same! When you are submitting a file to underwriting without a Fannie Mae Desktop Underwriter® (DU®) or Freddie Mac Loan Product Advisor℠ (LPA℠) loan approval, compensating factors may make a difference in getting borrowers into a home. This may also include loans submitted as a manual underwrite and […]
The current housing market has been met with low housing inventory, yet demand is still relatively high. Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. That’s where you, the lenders, can step in and help. But with obstacles in the way for many, […]
June is National Homeownership Month, a time to celebrate the benefits that homeownership brings to families, neighborhoods, and communities across America. What is National Homeownership Month? National Homeownership Month has gone through many iterations to get to where it is today. 1920’s: The concept for celebrating homeownership begins as a week-long celebration thanks to local realtor associations […]
When working with borrowers, you must first determine if your borrower is eligible for a mortgage. Doing so may require extra research to identify whether your borrower is a legal U.S. resident, or if they were born outside of the U.S. If they are the latter, then there are factors that impact how a person’s […]