If you are positive, upbeat, focused, and driven, your brain will respond positively
Still Getting It Wrong–Reg Z Advertising Rules
I’m still watching TV commercials, listening to radio ads, and getting direct mail–where mortgage companies are NOT following the Reg Z Rules. We need to level the Playing Field and if you notice a company not following these rules, then you need to call them–or report them–because we all need to play by the same rules.
VA Promotes Relief for Homeowners Affected by Tornadoes
The VA is urging its approved lenders to provide relief to military borrowers affected by the tornadoes that devastated Alabama, Arkansas and other parts of the country in April. The agency issued a circular in early May to help those whose homes were damaged or destroyed and families of those injured or killed in the
Benefits Of The USDA Rural Housing Mortgage Program
The USDA (United States Department of Agriculture) mortgage program was created for low income families looking to buy a home in rural areas.
Military Members Can Still Secure Home-Buying Tax Credits
The home-buying tax credits that helped the sagging real estate industry stay afloat last year are still available to one final group of prospective buyers: Active duty military members. But time is running out, which means real estate professionals should jump at the opportunity, especially in military-rich parts of the country. Service members who served
Military Members Can Still Secure Home-Buying Tax Credits
The home-buying tax credits that helped the sagging real estate industry stay afloat last year are still available to one final group of prospective buyers: Active duty military members. But time is running out, which means real estate professionals should jump at the opportunity, especially in military-rich parts of the country. Service members who served
Fair Access to Credit Score Disclosures—Coming to a Loan File Near You!
Most mortgage companies don’t realize this yet, but the Fair Access to Credit Score Disclosures are coming to a loan file near you! We know the Dodd-Frank Wall Street Reform Act is massive—and covers all types of financial entities. Tucked away in the bill is a section called “Fair Access to Credit Scores” which contains
JP Morgan Chase Overcharging Nightmare Spotlights Need to Protect Service Members
One of the nation’s biggest mortgage lenders overcharged thousands of military members in apparent violation of a law designed to protect service members against foreclosure. JP Morgan Chase is currently cutting refund checks totaling some $2 million to about 4,000 service members nationwide.
What Do NMLS & HUD Case Numbers Have In Common?
So effective April 1st, FHA is requiring that all lenders must enter the “NMLS Identifier” number when ordering a case number.
USDA Loans Possibly Headed for Wave of Defaults
There are bubbling concerns that USDA loans, of all places, could be the next mortgage product to collapse. An audit released recently revealed that thousands of these low-cost rural home loans might be headed for default, compromised by poor oversight and the same type of lending practices that triggered the subprime mortgage meltdown
Muted Inflation Helps Mortgage Rates Move Sideways
After opening the year with mixed news about employment, the second week of January brought even more insight into the health of the nascent economic recovery. For several months, traders have worried about the potential rise in inflation that could be caused by the Federal Reserve’s Quantitative Easing program.
Employment Data Roil Mortgage Rate Markets
The first week of any month is typically a very active week, from an economic data perspective, and January 3rd to January 7th 2010 was no exception. Mortgage pricing continued its recent volatility last week, as conflicting employment data exerted their forces on Mortgage-Backed Security prices.