Coming up on two years after the federal SAFE Mortgage Licensing Act was passed, many states are still in the process of implementing new laws that more tightly regulate mortgage brokers. To comply with SAFE, states must craft new laws that require licensing, testing, and ongoing broker education.
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Some States Still Scrambling to Pass New Mortgage-Broker Laws
- Loan Consolidation for Students – Does it Make Sense?
Loan Consolidation makes sense, especially for students because lets face it.. When you’re young managing a whole array of bills coming in can be difficult, it’s far too easy to miss one of the several regular payments. So rolling all the debt in to one lump sum simplifies things dramatically, one thing to worry about.. - NAMB / HUD Webinar Replay:
Effective January 1, 2010, HUD is requiring loan originators provide borrowers with a Standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs and that closing agents provide borrowers with a revised HUD-1 Settlement Statement. There are three main areas of regulation and updates that mortgage brokers have to pay attention.. - California New Home and First Time Home Buyer Tax Credit
California’s first time home buyer and new home tax credit for 2010 that passed legislature and signed by Governor Arnold Schwarzenegger last week has raised questions, home buyers spirits and tax payers blood pressure. Low blood pressure is important to me, therefore, I will concentrate on maintaining high spirits for you potential homeowners by answering.. - VA County Loan Limits Set For FY 2011
Stasis is the story when it comes to conventional loan limits in 2011. The county loan limits for VA loans established in late 2008 will remain in place through Sept. .. - Confessions of an A.D.D. Loan Officer Part II
If you have not yet read Part I , it will make more sense if you do. Don’t worry there is a link back here at the end of it. =0) Confessions of an A.D.D. Loan Officer Part II Now for the real meat-and-potatoes – potatos[?] – po-tah-tos[?] of how to, not only function as..