Mortgage Financing Roundtables – Lessons Learned Webinar – 1/19/12

This presentation from the webinar held on January 19, 2012 is intended for all NSP grantees and partners seeking information on accessing financing for neighborhood stabilization and the lessons learned from mortgage financing roundtables, conducted by Enterprise Community Partners and the National Community Stabilization Trust. At the roundtables, NSP grantees and mortgage lenders discussed issues related to securing mortgages for NSP-assisted homebuyers and craft practical solutions to increase private mortgage lending in NSP markets. These interactive sessions helped create a common understanding between NSP grantees, their sub recipient partners, and lender representatives on the interaction between prevailing market conditions in NSP target areas, current underwriting standards including loan terms and conditions, and the structure of NSP-funded soft second programs are influencing the successful resale of NSP homes. This webinar highlights key insights from the sessions including: – Understanding lender underwriting guidelines – How local program design can affect the availability of mortgage capital – Ways to effectively structure soft second programs – Overcoming external obstacles related to mortgage insurance and appraisals – Best practices for marketing NSP homes for resale and creating pipelines of qualified homebuyers Visit the NSP Resource Exchange Learning Center for related webinar materials, including downloadable presentation slides and transcript …

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