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Tod Hastings

Recent Posts

Alternative Credit Scoring Can Help Lenders Make More Mortgage Loans

Submitted by Tod Hastings on October 15, 2018

Are FICO scores overrated when assessing one’s creditworthiness?  Probably not, but what about the 67 million people who don’t qualify for mortgage loans or even credit cards because of a lack of traditional credit?


While using alternative credit scoring is not a substitute for bad credit, it can be a vehicle to offer more affordable loans than sub-prime or Alt A programs offer.  

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Tap Into Higher LTV’s on HELOC's with Equity Default Protection

Submitted by Tod Hastings on June 18, 2018

It’s no secret that interest rates are on the rise. If your customers haven’t taken advantage of refinancing their first mortgage loans by now, it may be too late for them to make it a cost-effective option.The market for refinancing a first mortgage to pay off debt, finance home improvements, or simply do a cash-out refi is just not as attractive as it was when rates were historically low. This creates an opportunity for junior lien mortgages, typically called HELOCs or HELOANs, to be in higher demand.

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Commercial Real Estate (CRE) Appraisal Requirements Raised to $500,000

Submitted by Tod Hastings on April 19, 2018

Commercial Real Estate (CRE) Appraisal Requirements Raised to $500,000—A Welcomed Relief for Community Banks

Since 1994, commercial real estate loans over $250,000 needed a full appraisal that conformed with laborious Title XI requirements.  As of April 2, 2018, The Federal Reserve, FDIC and OCC released a new rule raising the full appraisal exemption for Banks on loans at or below $500,000.

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