Audrey, Kevin, and Catherine Hall discuss 203k changes and rehab lending. Catherine is a 25+ year experienced residential building consultant, owner of government award and contract winning home inspection company, creator of nationally recognized 203k consultant certification training and mentoring program, dynamic and empowering public speaker. Direct experience with real estate, business development consulting and marketing support and training. Interested in assisting people involved in real estate activities realize their dreams and potential in the every growing/changing world of home ownership.

Did you know that single women are the top new home buyers? Dan Catinella joins Kevin and Audrey for a discussion on that as well as the latest home buyer statistics in this week's episode of Mortgage Pros presented by the Chrisman Commentary.

Tony Migliavacca and Maureen D. McInerney join Audrey and Kevin on Mortgage Pros powered by the Chrisman Commentary to discuss the growing complexities surrounding condominium approvals in the current market. They highlighted that obtaining GSE (Fannie Mae and Freddie Mac) approval for condo projects has become significantly more challenging, with approval rates dropping to about 50%. A critical issue underpinning this shift is the stringent requirements around insurance coverage. One of the major hurdles pertains to deductible limits. Fannie Mae and Freddie Mac impose a maximum allowable deductible of 5%, but Homeowners Associations (HOAs) often increase deductibles to manage escalating insurance premiums. This misalignment creates compliance challenges. Further complicating matters, insurers sometimes structure deductibles in unconventional ways—such as per-unit or hazard-specific deductibles (e.g., for water damage or wildfires)—that obscure the true cost. McInerney and Migliavacca stress the importance of scrutinizing policy endorsements—or their absence—as these nuances can significantly impact eligibility. The discussion also addressed specific areas to monitor within insurance policies, including actual cash value (ACV), guaranteed replacement cost (GRC), inflation guard provisions, and depreciated value clauses. These factors can determine whether a condo’s insurance aligns with GSE guidelines. Moreover, the speakers emphasized the importance of understanding form types and their compliance with federal requirements. Another concern involves structural repairs and legislative mandates, such as California’s SB326, which requires balcony inspections for condominium complexes. These inspections and subsequent repairs add layers of complexity and cost that can impact both buyers and lenders. McInerney offered practical advice for navigating these challenges. She recommended that loan officers and buyers obtain and review HOA meeting minutes, which can provide valuable insights into the association’s financial health, pending litigation, or maintenance issues—critical factors often overlooked in initial assessments.

The FBI's Michael Roldan joins Audrey and Kevin to give tips on how to protect you and your clients. Prior to being a Supervisory Special Agent for the FBI, he held a brokers license.

CoreLogic Chief Economist Selma Hepp joins Audrey and Kevin to discuss Fed logic, home prices, what she loves about being an economist, and what to pay attention to in the mortgage industry over the next 12 months.

Star originator Sean Herrero joins Mortgage Pros to share some of his secrets to success, from getting more borrowers into homes to his active lifestyle and commitment to family.

A little cynicism goes a long way toward helping with the Bank Secrecy Act and anti-money laundering, argues Bob Simpson on the most recent episode of Mortgage Pros.

Tricia James joins Audrey and Kevin for a deep dive on the Fed's calculus in lowering rates and what it means for potential borrowers.

On this episode of Mortgage Pros, Audrey and Kevin are joined by Tricia James, Senior Account Executive at Champions Funding for a discussion on non QM operations and closing times.

Megan Anderson joins this week's episode of Mortgage Pros for a discussion on marketing and MBS Highway

Brian Levy Joins Audrey and Kevin this week to discuss a variety of topics, including the latest Fannie Mae survey, inventory levels, the Chevron deference, CFPB v. Townstone, and Supreme Court tendencies