Last week, the Community Home Lenders Association (CHLA) wrote a letter to Treasury and FHFA asking for a suspension of Fannie Mae and Freddie Mac mortgage purchase restrictions adopted in mid-January as part of changes to the GSEs’ Preferred Stock Purchase Agreements (PSP). These restrictions would: (1) cap at 6% the number of so-called...
People always seem to think that mortgages are not fun, they are serious business. However, we here at Platinum know that a home loan can be the first step in an exciting new phase…so why not have some fun along the way? Well, over the last few years, we were able to talk the bosses into letting us give away free money 💰💰💰 and THAT...
For 85 years, American families of modest means looked to FHA for affordable mortgage loans to attain the dream of home ownership. But these homeowners, many of whom are minority and first-time home buyers, now face a rude awakening. They will be saddled with years of excessive premium payments amounting to tens of thousands of dollars. The...
As the US slowly begins to thaw, home buyers and sellers climb out of hibernation and into the spring housing market 2019. While the grass is turning greener, home buyer enthusiasm is also starting to increase. Fannie Mae released its Housing Forecast with positivity for the remainder of the year into 2020. What does the prime season to purchase a...
Some say they’re killing the mortgage industry, others say they’re just too far in debt or afraid of commitment. Here at Platinum, we say Millennial home buyers are just one big misunderstanding–on both ends! What do we mean by “misunderstanding?” First, the influx of negative opinions towards Millennials and buying...
Have you heard?! 👂 Platinum Home Mortgage is giving away $2,000, $1,000, or $500 to 3 lucky winners every 2 months! Spread the word and enter to win at www.phmc.com/win. You do not have to be a Platinum customer, and no purchase necessary! Want more details? Click here to find more information on this year’s sweepstakes: PHMC’s...
First, it was Senator Brown (Ohio –D): “Small lenders are often the ONLY lenders willing to go the extra mile to underwrite mortgages in areas too often left behind by Washington and Wall Street.” Then, it was Senator Warren (Mass – D): “We can’t have a thriving mortgage market if small lenders don’t have access, and the big guys...
👇Watch the Video below 👇 As president of the CHLA, I am thankful for the experience and proud of the outcome in the recent events before the United States Senate Banking Committee. As we are frequently reminded, bipartisanship does not often happen these days. Yet, we just had significant interest from the banking committee including...
What would you do with a bunch of free extra cash laying around?️ $2,000.00⁉️️ $1,000.00⁉️️ $500.00⁉️️ The possibilities are almost endless! Scroll down to find out how you can win! 👇👇👇 Who can enter? ANYONE! Spread the word to your friends and family too. What can you WIN? CASH! And lots of it. $3,500 will be...
This is possibly one of our favorite stories on how a winner entered our contest: Tyler entered because his friend told him to! We are curious to hear how the friend is doing with Tyler’s great news. CONGRATULATIONS, TYLER! Here at Platinum, we like to see students like Tyler, who value education as much as we do. By his early-to-mid 20s...
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