Latest News and Industry Updates

18th

January

2019

Veterans Affairs VBA Still Provides Resources for Veterans During Government Shutdown

CHARLOTTE, NC - In light of the current partial Federal government shutdown, the VA announced that it is still open for business and actively working to provide its veterans with support and relief at this time. Every American is likely impacted by the shutdown in one way or another and the VA is aware that some veterans may be experiencing significant stress, both personally and financially. Veterans and Federal employees who are currently furloughed can still receive benefits from the VA’s Veterans Benefits Administration.

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30th

November

2018

Conforming Conventional Loan Limit Increased

CHARLOTTE, NC - The Federal Housing Finance Agency (FHFA) recently announced another increase in the conforming Conventional loan limit from $453,100 at the start of this year to $484,350 for one-unit properties not in Alaska and Hawaii. This new base limit represents a $31,250 increase and applies to single-family residential loans closed after November 27, 2018. The maximum limit for super-conforming and high balance loans secured by a one-unit property will now be $726,525.

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11th

October

2018

CardinalFinancial.com Wins Four W³ Silver Awards

CHARLOTTE, NC - Cardinal Financial’s Marketing team was recently awarded the W³ Silver award in four categories for the company’s website, cardinalfinancial.com. The W³ Awards Competition is open to all organizations and individuals involved in creating, designing, maintaining, or promoting websites, mobile sites and apps, online marketing, social content, and original video content created for the web. To win a W³ Award is to be honored as the best of the web.

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28th

September

2018

Cardinal Celebrates Women in Tech

CHARLOTTE, NC - Alex McGuire, Sheedeh Dorri, and Liz Caron of Cardinal Financial’s engineering team attended an event on September 24 to represent Cardinal as panelists and mentors at the State of Grace – A Celebration of Women in STEAM at the State University of New York at Albany. At the event, women studying science, technology, engineering, and math were able to hear from, interact with, and network with experienced women in the fields they intend to pursue.

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28th

September

2018

CF Executive Erica Price Represents Cardinal Financial at Freddie Mac CONNECT

CHARLOTTE, NC - Our very own executive Erica Price had the honor of representing Cardinal Financial as a panelist at the latest Freddie Mac CONNECT Conference in Chicago, IL, earlier this week. Panelists discussed the benefits of seeing all your options by running both GSEs and AUS on every loan. She also had the pleasure of discussing creative ways to expand homeownership and reimagine the mortgage experience.

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13th

September

2018

Cardinal Financial Wins WebAward for Financial Services Standard of Excellence

CHARLOTTE, NC - We’re proud to announce that Cardinal Financial was recently awarded the 2018 WebAward for Outstanding Achievement for the Financial Services Standard of Excellence by the Web Marketing Association. Each year, the Web Marketing Association honors the Best Financial Services websites as part of their annual WebAward Competition. Best Financial Services websites are selected by judges who review each entry based on seven criteria:

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23rd

July

2018

CF Executive Erica Price Represents Cardinal Financial at NEXT™ Women in Technology Conference

DALLAS, TX - Last month, Erica Price had the opportunity to be honored as a guest speaker at the NEXT™ Women in Technology Conference in Dallas, Texas. The NEXT™ Conference touched on many industry topics, namely, the new one-click dual AUS submissions for Fannie Mae and Freddie Mac loans and the increasing need for automation and efficiency in the mortgage transaction. Price, who recently moved into a Chief of Credit role after several years of acting as Chief of Mortgage Operations, proudly represented Cardinal Financial at this event and talked about the ways in which we’re well positioned for the future of the mortgage industry.

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27th

April

2018

The Latest 10-Year Treasury Yield Increase Could Affect Your Decision to Buy or Refinance

CHARLOTTE, NC - This week we witnessed the 10-year Treasury yield reach 3% for the first time since January 2014, and it’s expected to rise even higher. This shift is likely because the Fed is expected to hike interest rates again in the near future. And with the economic growth the nation is experiencing comes debt that’s necessary to finance it and more inflation. If the 10-year Treasury yield continues to rise, it could affect business and consumer loans—including the possibility of an increase in mortgage interest rates.

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5th

March

2018

2017 Angie’s List Super Service Award Goes to Cardinal Financial

CHARLOTTE, NC - March 5, 2018 - We’re proud to announce that we’ve recently earned the home service industry’s coveted 2017 Angie’s List Super Service Award. This prestigious award honors home service professionals who have maintained exceptional service ratings and reviews on Angie’s List in 2017. This is major recognition for the whole Cardinal Team and we’re so excited to receive such high praise.

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29th

January

2018

Cardinal Makes the Cut

CHARLOTTE, NC, January 29, 2018 - Cardinal Financial was featured in National Mortgage Professional Magazine’s 2018 list of Top Mortgage Employers thanks to the support and dedication of our wonderful employees! NMP Magazine’s readers were polled on criteria such as compensation, marketing support, technology, corporate culture, innovation, day-to-day management, and more. The poll results were factored in along with industry reputation to create a list of the best places to work in the mortgage industry.

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21st

December

2017

Major Tax Bill Passed: What Does It Mean for You?

Five highlights you might want to know about the latest tax reform. Congress officially passed the first major tax reform in 31 years. What does this mean for the mortgage industry and for homeowners (and would-be homeowners) across the country? Here are five things we think you should know about the latest tax reform.

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20th

June

2017

Fannie Mae Relaxes Debt Requirements

A higher debt-to-income ceiling should prove helpful for many first-time buyers. Fannie Mae, one of the mortgage industry's major influencers, just released news that they are easing up on debt-to-income (DTI) requirements for eligible borrowers. This summer, the current DTI limit will be raised from 45 percent to 50 percent, beginning July 29. Although five percent doesn't sound like a huge deal, it's an exciting change for several reasons.

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