ARCHIVED BLOG POSTS
2014
MORE REGULATION MEANS HIGHER COSTS TO ALL CONSUMERS PART TWO Thinking about the ways regulations have caused costs to escalate over the last few years for a home buyer I saw a blog about AMC's (appraisal management companies) stating what is obvious to most in the lending business. That appraisal...
01/30/2014
MORE REGULATION MEANS HIGHER COSTS TO ALL CONSUMERS PART ONE Effective this month is the Qualified Mortgage rule. One part of this rule is that certain costs cannot exceed 3% of the loan amount. CFPB determined 3% was the magic number to be sure consumers were not being taken advantage of. Unfort...
01/30/2014
IS 43% DTI THE MAXIMUM FOR A QUALIFED MORTGAGE We see continued changes in the mortgage lending world and with welcoming a new year in January 2014 we welcome the qualified/non qualified mortgage issue. There has been much written and much hand wringing over what constitutes a qualified mortg...
01/15/2014
2
Comments
WHAT IS A MORTGAGE BROKER? What is a mortgage broker and how can I know I want to work with one? If you are in the market for home financing, you may want to explore this. A mortgage broker is a company not affiliated with one particular lender or bank. A mortgage broker can have several lende...
01/14/2014
Rainmaker
325,698
325,698
Dora Griffin
NMLS 6380