Eckhardt Mortgage Bankers

Recent Posts

Marksman Testimonial

“Since going on board with Mortech over a year ago, my business has grown when others deflate and close up. I am a firm believer that Mortech and their system has helped our business get where it is today. Their auto quoting and lead management system is very intuitive and easy to use. Mortech’s pricing […]

Continue Reading →

CFPB Suggests Relief for Pain points in the QM

A lender’s biggest fears when it comes to originating QM loans are twofold:  1) the “points and fees” 3% limit is exceeded and 2) a miscalculation of the 43% threshold for DTI.  Both errors, if found post-closing, could conceivably make the loan a Non-QM loan.  Non-QM loans should have been priced higher to take in […]

Continue Reading →

Home prices lead to changes in affordability

According to a recent report from the National Association of Home Builders (NAHB), the affordability of housing on a national scale is decreasing. Based on reports from the second quarter of 2014, several major markets saw a decrease in affordability due to an increase in home cost. The report, which was put out by the […]

Continue Reading →