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INDUSTRY UPDATES

Stay up to date with all the happenings in the Real Estate industry.

Effective 1/21/15, Lenders may no longer charge interest past the payoff date: HUD HAS CLARIFIED THAT THIS WILL BE EFFECTIVE FOR LOANS THAT CLOSE AFTER 1/21/15 ONLY EXAMPLE 1: Original loan closed 7/30/14, refinance closing 1/30/15; full 30 days interest to be charged EXAMPLE 2: Original loan...

HUD has recently announced the reduction of MIP.  We have a window of opportunity to cancel existing case numbers in order for our customers to take advantage of this announcement. As a service to our customers, Essex Mortgage will automatically cancel the case number for any...