{"id":2220,"date":"2016-03-08T17:02:44","date_gmt":"2016-03-08T17:02:44","guid":{"rendered":"https:\/\/preprod.housingwire.com\/knowledge\/?p=2220"},"modified":"2019-11-06T14:50:37","modified_gmt":"2019-11-06T14:50:37","slug":"hw-expert-webinar-the-secret-to-closing-more-3-down-mortgages","status":"publish","type":"post","link":"https:\/\/preprod.housingwire.com\/knowledge\/hw-expert-webinar-the-secret-to-closing-more-3-down-mortgages\/","title":{"rendered":"HW Expert Webinar: The secret to closing more 3% down mortgages"},"content":{"rendered":"<div>\n<div class=\"ao-block \">\n<p><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif; font-size: 14pt;\"><strong>Because you want to close more low-down payment mortgages and here\u2019s how.<\/strong><\/span><\/p>\n<p><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif;\">In December\u00a02014,\u00a0Freddie Mac\u00a0officially rolled out 97% loan-to-value products. At the time, officials from the\u00a0Federal Housing Finance Agency\u00a0said that they expected the low-down payment loans to represent a small portion of the government-sponsored enterprises\u2019 business moving forward.<\/span><\/p>\n<p><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif;\">In 2015, high-LTV loans represented only approximately 1% of the total GSE-backed originations.<\/span><\/p>\n<p><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif;\">Furthermore, the data surrounding the Millennial generation remains exceedingly promising. According to online lender Avant, only 3% of the nation\u2019s 92 million Millennials currently have a mortgage.<\/span><\/p>\n<\/div>\n<\/div>\n<div>\n<div class=\"ao-block \">\n<p><em><strong><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif;\">This webinar will help lenders and servicers learn about recent changes to the Freddie Mac Home Possible Advantage mortgage program in order to confidently increase your Millennial market share.<\/span><\/strong><\/em><\/p>\n<p><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif;\">Hear directly from Dan Gardner, vice-president\u00a0of single-family affordable lending at Freddie Mac, and Ed Shanks, executive vice-president\u00a0of national retail sales, at U.S. Bank Home Mortgage, on how this program can be used as an alternative to FHA-backed loans.<\/span><\/p>\n<p><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif;\">All your questions, answered:<\/span><\/p>\n<ul>\n<li><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif;\">Why is now a good time to safely close more Home Possible Advantage mortgages?<\/span><\/li>\n<li><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif;\">How can a lender inspire confidence in the Millennials to get a mortgage?<\/span><\/li>\n<li><span style=\"font-family: 'helvetica neue', helvetica, arial, sans-serif;\">What are some lessons for servicers when it comes to low down payment mortgages?<\/span><\/li>\n<\/ul>\n<p>SPEAKERS:<\/p>\n<p>\u00bb\u00a0Jacob Gaffney<br \/>\n<em>Editor-in-Chief, HousingWire.com<\/em><\/p>\n<p>\u00bb\u00a0Danny Gardner<br \/>\n<em>Vice President, Affordable Lending and Access to Credit, Freddie Mac<\/em><\/p>\n<p>\u00bb Edward C. Shanks<br \/>\n<em>Executive Vice President, U.S. Bank Home Mortgage<\/em><\/p>\n<p><strong>NOTE:<\/strong> This is a fee-based on-demand HW Expert Webinar.<\/p>\n<p><strong>Cost:<\/strong> $99.00<\/p>\n<p><strong>Publisher:<\/strong> HousingWire<\/p>\n<p><strong>Original Webinar Date:<\/strong> March 3, 2016<\/p>\n<p>Watch an on-demand replay:<\/p>\n<p><!--[if lte IE 8]>\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2-legacy.js\"><\/script>\n<![endif]--><br \/>\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2.js\"><\/script><br \/>\n<script>\n  hbspt.forms.create({\n\tportalId: \"4509319\",\n\tformId: \"02d20fbf-5aca-43fd-bcee-7e5d77e5eb3e\"\n});\n<\/script><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Because you want to close more low-down payment mortgages and here\u2019s how. In December\u00a02014,\u00a0Freddie Mac\u00a0officially rolled out 97% loan-to-value products. At the time, officials from the\u00a0Federal Housing Finance Agency\u00a0said that they expected the low-down payment loans to represent a small portion of the government-sponsored enterprises\u2019 business moving forward. In 2015, high-LTV loans represented only approximately [&hellip;]<\/p>\n","protected":false},"author":686,"featured_media":2226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[59,65],"coauthors":[80],"class_list":["post-2220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lending","tag-top-picks","tag-webinar"],"acf":[],"jetpack_featured_media_url":"https:\/\/preprod.housingwire.com\/knowledge\/wp-content\/uploads\/sites\/2\/2016\/03\/Secret300x300.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/users\/686"}],"replies":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/comments?post=2220"}],"version-history":[{"count":1,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2220\/revisions"}],"predecessor-version":[{"id":2898,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2220\/revisions\/2898"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media\/2226"}],"wp:attachment":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media?parent=2220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/categories?post=2220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/tags?post=2220"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/coauthors?post=2220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}