ARCHIVED BLOG POSTS
2011
7
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SAD, SAD DAY FOR AMERICA! The court upheld the Federal Reserve's Loan Officer Compensation Rule set to go into effect on April 01. No fooling! National Association of Mortgage Brokers and National Association of Independent Housing Professionals both had law suits to delay the implementation of t...
03/30/2011
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TRIGGER LEADS EXPLAINED - "Trigger leads" most likely is a term home buyers or home owners have not heard BEFORE they apply for a home mortgage. "Trigger Leads" is the term that comes up when a home buyer or a home owner applies for a home mortgage and provides the information necessary to pull a...
03/11/2011
LOAN OFFICER COMPENSATION RULING TO TAKE PLACE APRIL 01, 2011 - WILL IT STAND? THIS WEEK WE HAVE SEEN A LAWSUIT BY NAIHP TO IMPOSE A TEMPORARY RESTRAINING ORDER ON THE APRIL 01, 2011 IMPLEMENTATION OF THE FEDERAL RESERVE BOARD'S LOAN OFFICER COMPENSATION RULING. NAMB IS WORKING ON ONE AS WELL. O...
03/09/2011
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A SHORT SALE COULD COST YOU! I've had a couple of calls this year from persons who would like to get back into the housing market; they want to be home owners - again. I've been around long enough to know that stuff happens. Sometimes a home owner loses a job, a divorce happens, sometimes even ...
03/08/2011
3
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FHA MORTGAGE INSURANCE PREMIUM RISING AGAIN! EFFECTIVE APRIL 18, 2011 THE MORTGAGE INSURANCE PREMIUM WILL GO TO A MAXIMUM OF 1.25% MONTHLY. Home buyers and Realtors should take note of this change and be sure to explore all the options for a home mortgage. FHA has become the "go to" product fo...
03/01/2011