PHM_Blog_Hero_820

Plaza News + Updates

Home Possible/USDA Program Updates

Posted by Plaza Home Mortgage on January 20, 2021

Home Possible
In alignment with the Freddie Mac Bulletin 2020-45, Plaza Home Mortgage® has updated the Home Possible® program guidelines, effective for all loans purchased on or after March 1, 2021. Specifically, this update reduces the maximum LTV from 95% to 85% for certain Home Possible Mortgages secured by 2-4-unit properties.

Read More

Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates

Hello New Year – Goodbye AMF Fee

Posted by Plaza Wholesale on January 5, 2021

Great news! Plaza Home Mortgage® has extended our waiver of the 50bps Adverse Market Refinance Fee on all Agency Express refis to February 26, 2021. Agency Express, available to our Wholesale and Mini-Correspondent channels, gives you faster turn times on core Fannie Mae® and Freddie Mac loans. Close in as little as 10-15 days! Learn more by going to our info page or contacting your Plaza Account Executive.

Read More

Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance

New Super Low Rates on Government Programs

Posted by Plaza Wholesale on December 28, 2020

Plaza Home Mortgage® now offers rates as low as 1.75% on all government loan programs! Combined with Plaza’s superior client service and unparalleled experience with government lending, there has never been a better time to work with us.

Read More

Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance

2021 FHA Loan Limits

Posted by Plaza Wholesale on December 11, 2020

The FHA has announced an increase to new forward loan limits for 2021. The new loan limits will be effective for case numbers assigned on or after January 1, 2021. FHA forward mortgage limits for individual MSAs and counties are available here.

Plaza will align with FHA’s effective dates and accept the new loan limits for case numbers assigned on or after January 1, 2021.

Please contact your Plaza Account Executive if you have any questions about the new limits or their implementation date.

Read More

Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance

Wholesale Rate Lock Policy Update

Posted by Plaza Wholesale on December 11, 2020

Plaza Home Mortgage® is pleased to announce that we are updating our Wholesale and Mini-Correspondent rate lock policy for all transactions. Now 15, 30, 45 and 60-day locks for all transactions no longer have file status requirements.

Please contact your Plaza Account Executive if you have any questions on this update.

Read More

Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance

2021 Conforming Loan Limits: Effective immediately for new locks!

Posted by Plaza Wholesale on November 24, 2020

The FHFA has announced the new conforming loan limits for loans purchased by Fannie Mae® and Freddie Mac on or after January 1, 2021.

Read More

Topics: Wholesale News, Wholesale Program Updates, Plaza in the News, Plaza at a Glance

Plaza’s new Agency Express just got better [pricing]

Posted by Plaza Wholesale on November 4, 2020

Get on the Express Track with Speedy Turn Times – and Now Lower Pricing for Wholesale!

Agency Express from Plaza Home Mortgage® offers brokers faster initial turn times on eligible core Fannie Mae® or Freddie Mac programs. It’s a streamlined Wholesale submission option for eligible W-2 or fixed income borrowers, plus you may be able to close in as few as 10-15 days.

And even better news – Plaza will waive the .50 bp Adverse Market Refinance Fee on new Wholesale Agency Express refis locked through the end of the year - 12.31.20!

Read More

Topics: Wholesale News, Wholesale Program Updates, Plaza in the News, Plaza at a Glance

New Agency Express for Mortgage Brokers

Posted by Plaza Wholesale on October 23, 2020

Get on the Express Track with Best-in-Class Turn Times

Agency Express from Plaza Home Mortgage® offers brokers faster initial turn times on eligible core Fannie Mae® or Freddie Mac programs. It’s a streamlined submission option for eligible W-2 or fixed income borrowers with pricing they’ll love, plus you may be able to close in as few as 10-15 days.

Agency Express is available for purchase, rate/term and cash-out refinance on Conforming Balance and High Balance/Super Conforming loans.

Let’s get your deals on the Agency Express. Get more details on which loans qualify on our information page, or download our Snapshot to go a little deeper.

Talk to your Plaza Account Executive today and take advantage of the new Agency Express, or email us at hereforyou@plazahomemortgage.com.

Read More

Topics: Wholesale News, Wholesale Program Updates, Plaza in the News, Plaza at a Glance

They're back! HomeStyle and CHOICERenovation Loan Programs

Posted by Plaza Home Mortgage on September 14, 2020

They're back: HomeStyle and CHOICERenovation Loan Programs

Plaza is excited to announce that we will begin accepting Fannie Mae® HomeStyle® and Freddie Mac CHOICERenovation® renovation loans again on Monday, September 8, 2020. And don’t forget we also accept FHA 203(k) loans, so when you think renovation, think Plaza. Visit our program page or contact your Plaza Account Executive to learn more.

Read More

Topics: Wholesale Program Updates, FHA Loans, Renovation Loans, National Correspondent Program Updates

BREEZE AUS Access Video

Posted by Plaza Wholesale on September 10, 2020

Watch our short video to see how the new AUS Access screen in BREEZE saves you time by letting you run and compare both DU® and LPA® at the same time, side-by-side on a single screen!

Read More

Topics: Wholesale News, Wholesale Program Updates, BREEZE LOS, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates