Understanding the Equifax Data Breach

Maintaining good credit is important for every homeowner.  If you have a line of credit, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies. Yesterday, Equifax announced that it experienced … Continue reading Understanding the Equifax Data Breach


EllieMae_HallofFame_Facebook_032017

ALCOVA Mortgage is thrilled to announce its induction into the 2017 Ellie Mae Hall of Fame in the category of Exceptional Achievement in Business Growth! Our company was honored alongside nine other companies at the 2017 Ellie Mae Experience, an annual user conference for Ellie Mae clients and partners. This event brings together more than … Continue reading ALCOVA Mortgage is Inducted into Ellie Mae Hall of Fame!


FHA MIP CUT

UPDATE: On Friday, January 20, the Department of Housing and Urban Development announced that it has suspended the planned reduction of Mortgage Insurance Premiums on FHA loans, effective immediately. This reduction was set to go into effect on January 27, but it is now no longer scheduled to take place. Original Blog: New homebuyers now have … Continue reading FHA Mortgage Insurance Cut Means Big Savings


FHA to Help Borrowers Keep Their Homes

Borrowers who have a high LTV (loan-to-value ratio) got some good news recently as the Federal Housing Finance Agency announced its intention to extend the Home Affordable Refinance Program (HARP) into 2017. In addition, the Agency introduced a new refinance program designed to take the place of HARP when it expires. The programs are for … Continue reading FHA to Help Borrowers Keep Their Homes


At least one contributing economics author for Forbes Magazine says there is little substantial correlation between expected Federal Reserve interest rate increases and mortgage rates. Lawrence Yun says, “The Federal Reserve will raise interest rates this year and continue to do so throughout next year. This act, however, does not automatically guarantee a proportionate rise … Continue reading Will the Federal Reserve Interest Rate Hike Impact Mortgage Rates?


New Lending Disclosures Pending

If you’re shopping for a mortgage and expect to close after October 1, 2015, you’ll be interested to know there are some changes on the horizon. New mortgage disclosure forms will now make it easier for borrowers to save on loan closing costs. Over the last two years, the Consumer Finance Protection Bureau (CFPB) has … Continue reading New Lending Disclosures Pending


The Lucrative Business of Identity Theft

The most recent statistics provided by the Bureau of Justice confirm that identity theft in the United States accounted for losses of nearly $25 million in 2012. Nearly 13 million victims suffered either a direct or indirect loss as a result of identity theft. All other burglary, motor vehicle theft, and petty theft combined only … Continue reading The Lucrative Business of Identity Theft


What You Need To Know About Reverse Mortgages

In an effort to repair some of the pitfalls that plague reverse mortgages, a new regulation was recently introduced that will allow the spouses of borrowers who die to stay in their home without the threat of foreclosure. The surviving spouse must continue to pay property taxes, homeowner’s insurance and HOA dues. Effective August 4, … Continue reading What You Need To Know About Reverse Mortgages


It’s The Big One…The Tax Man Calleth

Yes, we’ve been preaching about getting your information together, hopefully, today’s mad scramble to file your Income Taxes, Federal, State, and possibly Local, are postmarked no later than midnight, Tuesday, April 15, 2014…remember if you can’t get it together, go on line, file (send) a request for extension, will save a lot of heartburn, headaches, … Continue reading It’s The Big One…The Tax Man Calleth


Spring Will Come ~ Time For Your Annual Home Check-up

Ah Spring…Yes, Spring will eventually arrive and your home may need some TLC Yes, the calendar indicates Spring has sprung but the weatherman hasn’t gotten the message.  We’ve had a few days of warmth, a tease of good days to come, so it’s a great time to put together the “to do” list… Woven throughout … Continue reading Spring Will Come ~ Time For Your Annual Home Check-up


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