Reason exists - the April Fools Day implementation of a  Fed Rule that would hurt mortgage broker flexibility has been delayed as the Court reviews the case.  Probably the biggest surprise is that REASON prevailed at least for one weekend. 

Why did the Court wait this long?  Is this a sign that there is mounting pressure to limit government regullations?  I can dream can't I?

Have a great day!

 

Underwriting Nightmares - Common Sense has left the Building
03/22/2011
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Hide ANGELO CUSINATO Bloomber quotes Bernake and Angelo Cusinato. Bernanke - Recovery Flawed.. Credit Denied to Consumers Mortgage underwriters "have no latitude for common sense, " said Angelo Cusinato, president of Resource Plus Mortgage Corp.,… more
Regulations - more limits on consumer choice
03/10/2011
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April Fools Day - Pick the one that has the best chance of coming true. A) Charlie Sheen will be locked up B) Carlos Zambrano may predict that he will win the Cy Young Award C) Pat Quinn may visit New Jersy to establish a truce D) Consumers… more
Regulations - unitended consequences that hurt housing market
03/10/2011
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When you are fighting for your life, nothing hurts more than having someone take away your ammunition. The regulators must have forgotten the phrase "if it ain't broke, don't fix it" and this year they made changes to Reg Z that affect the Truth… more
Underwriting Nightmares - Common Sense has left the Building
01/22/2011
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Case #1 - Credit score 8 months ago were all above 780. Since then, a $75 parking tickets was sent to collection and credit score drops to 690. The difference in costs to obtain the same interest rate - $6000. Client does not believe he or his car… more
April Fools Day - another threat to housing
12/09/2010
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As the clock ticks down to April 1, 2011, one wonders how the mortgage broker industry will respond. The FED has stepped in to regulate compensation in expectation that this will protect the consumer. Yet, the various interpretations suggest that… more
APPRAISAL PROBLEMS - Some appraisers should bag groceries
10/27/2010
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Any suggestions? Scenario - Homeowner wants to refinance and not sure of the value. First appraisal - 7/27/2010 comes in at $325, 000 but lender will not do cash out on a condo even at 65% LTV - and took 30 days for underwriting to notice that… more
Cook County real estate tax bills jump
08/25/2010
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Does it surprise you that the second installment of the Cook County real estate tax bills has not yet been released? Do you think they are being delayed until after the November elections? Why else would a cash strapped county like Cook County delay… more
Credit Dispute Trap
07/15/2010
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As a mortgage broker I know how important it is to monitor credit and to fix errors as soon as possible. Now that I have trained my clients I find that the now excellent credit borrowers with "disputes" are facing a roadblock to their mortgage… more
connectMLS
06/21/2010
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I'm back. I tried connectMLS during 2009 and found that contact information was not dependable and I was missing some e-mails. Given that the purchase market was down, I decided not to renew my subscription. Lately, as the home buyer market… more
 
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Angelo Cusinato |CRMS, CMC|Mortgage Specialist

Barrington, IL

More about me…

Resource Plus Mortgage Corp.|Angelo Cusinato

Address: WILLIAMSBURG VILLAGE, 1600 COLONIAL PARKWAY, INVERNESS, IL, 60067

Office Phone: (847) 359-5300 x 223

Cell Phone: (847) 209-9458

Email Me

Why overpay for a home by overpaying for a mortgage? We put education at the top of the list for homebuyers & prepare them to get the right mortgage the first time and every time. Check our website at www.resourceplusmortgage.com for helpful information


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