In my experience, people throw others under the proverbial bus for one of two reasons: They themselves don't know what they're doing so they blame someone else They don't understand the intricacies of a situation so they look for an easy scapegoat to give a client an answer and make themselves lo...
Risk based pricing on mortgage loans; basically, that's the name of the game. Stated income is out and asset verification is in. As you guys know, the interest rate your clients receive on their home loan is determined by the mortgage lender's estimate of the probability that they as a borrower w...
I know it, Realtors know it: The world of condo mortgages is a battlefield, you have to be locked and loaded and on your guard. As a mortgage broker I have become crazy vigilant about preparing for the unexpected. As Realtors are painfully aware, credit overlays are additional layers that a lende...
To all you Realtors out there representing real estate investors, you know how saturated the market is with these opportunities. But enter the U.S. Department of Housing and Urban Development (HUD) to apply the brakes and give some relief to the traditional home buying-FHA mortgage recipient and ...

Brian P. Forrester

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