Kevin is senior vice president at Cartus Home Loans. He has worked in the relocation and mortgage industries for more than 30 years.
The landscape has changed for U.S. borrowers over the past several years. The days of qualifying for a loan just by being “a great customer” have passed, and “the old days” are back. Now, borrowers have to:
• Prove income
• Verify net worth
• Verify employment
• Prove sufficient income to easily cover monthly housing expenses
The fact that these qualifications were reduced from the underwriting process for multi-thousand-dollar transactions stretches credulity.
The days of people barely qualifying for large mortgages are also over, with a new dawn that brings with it exacting paperwork that taxes the resources of the borrower. For your transferees, the [...] Read More
What is selling in Seattle? Why is renting the right thing in Reno? What is happening with mortgage regulations? These are the types of questions Pat DeDonato, vice president, real estate services at Cartus, and I will address during a Worldwide ERC® SpeedSession, ‘What is Really Going on With Real Estate?’ on Tuesday, June 19 at 2 p.m. ET. We invite you to register for this complimentary session.
Topics in the SpeedSession will include a comprehensive overview of the real estate market, which is improving slowly but is still below its peak of 2005-2007. Those of us involved with relocating employees [...] Read More
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Tagged assignment, cartus, corporate relocation, emerging markets, employee relocation, expatriate, global mobility, outsourced relocation, outsourcing, primacy, Real Estate, Realogy, relocation, relocation company, relocation management company, SpeedSession, third party relocation, transfer, Worldwide ERC
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