“I am still wondering what the thought process is with the CFPB’s lack of enforcement requiring Loan Officers with bank owned mortgage companies becoming licensed. As a regional manager, I have interviewed LO candidates who failed their test or background checks for licensing and then they walk down the street to a bank owned lender
How to Explain QM & ATR to Your Clients Written By: Bridget McGee, Real Estate Mortgage Broker with CrossCountry Mortgage, Inc. 410-960-2061 NMLS 196068 I have recently been asked by both clients and real estate agents about Qualified Mortgage, The Ability to Repay, and the all-important question: How is this going to affect me
It’s hard to understand exactly why interest rates move around the way they do. You can find some great information here. WATCH THE VIDEO And don’t forget, I’m always happy to meet with you to discuss your option.
When you take out a mortgage, whether it’s for a purchase or a refinance, you must pay closing costs, which can vary considerably. There are fees that must be paid to the lender, along with optional ones, such as mortgage discount points, and fees that must be paid to third parties, such as title/escrow and
Changing rates have made things confusing for a lot of us. Would it be worth refinancing to get a better rate? That depends on a number of factors, and I’d be happy to meet with you to review your individual circumstances, but in the meantime I came across a great chart to give you an
Great and informative video. Watch on YouTube. If you have any questions on how this might affect your loan opportunities, just give me a call and I’ll be happy to meet with you!
When the big guys get backed up, they have a tendency to raise their price, to slow down volume. And that gives other lenders an opportunity, because the consumer thinks, ‘Why would I pay an extra $100 a month?’”It sends a clear message. In order to get the best deal, and to increase the chances
APRIL 3, 2013—The National Association of Mortgage Brokers (NAMB) has come out in support of the Consumer Financial Protection Bureau’s (CFPB) release of the Consumer Complaint Database, a public database of federal consumer financial complaints, containing more than 90,000 individual complaints on financial products and services. One of NAMB’s core beliefs is the protection of
Here’s an interesting take on the economy: “A vast number of people think that what we’ve been through during the last four years is just another episode in the economic crises history of the United States. They believe a president has the power to continue the trend or reverse it. So they put their faith