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Virginia Housing is a quasi-government agency. The governor appoints an 11-member Board of Commissioners. [2] However, the authority is self-supporting and does not use tax dollars to fund its lending programs. Tammy Neale, its Chief Executive Officer since 2024, heads a leadership team of twelve divisional managers. [1]
In an op-ed piece (subscription required) in the Wall Street Journal, Virginia governor Tim Kaine explains a new loan program being offered to state employees: the Virginia State Employee Loan ...
Articles about subdivisions of the Government of the Commonwealth of Virginia. Includes agencies and departments, their boards and commissions, and the like ...
Ginnie Mae is similar to Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) with the difference being that Ginnie Mae is a wholly owned government corporation whereas Fannie Mae and Freddie Mac are "government-sponsored enterprises" (GSEs), which are federally chartered corporations ...
What is a mortgage servicer? A mortgage servicer is the company that handles your mortgage statements and all day-to-day tasks related to managing your loan after it closes. For example, the ...
The government of Virginia combines the executive, legislative and judicial branches of authority in the Commonwealth of Virginia. The current governor of Virginia is Glenn Youngkin . The State Capitol building in Richmond was designed by Thomas Jefferson , and the cornerstone was laid by Governor Patrick Henry in 1785 .
Mortgage bankers are often confused with mortgage brokers, but they’re very different. A mortgage banker is tied to one financial institution, while a mortgage broker works independently of lenders.
A warehouse line of credit is a credit line used by mortgage bankers. It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans. The cycle starts with the mortgage banker taking a loan application from the property buyer.