Is Your Mortgage Associate Licensed? Better be soon... - 02/12/10 10:28 AM
As of July 1, 2010 all loan originators not working with a FDIC insured bank will have to be officially licensed in the state of Arizona.  This process has been put in place as part of the S.A.F.E. Act which is aimed at making the mortgage process better for the client.  The licensing requirements are as follows:
LO must be registered with the State Department of Financial Institutions LO must pass a National and State of Arizona test for licensure LO must have 20 Hours of pre-licensing education LO must pass a criminal background check; if the LO has had any … (3 comments)

First Time Home Buyer Tax Credit - 02/12/10 10:15 AM
The Clock is Ticking… Extended and Expanded Tax Credit Expires 4/30/10 For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts as huge tax credits are about to expire. Here are important details for you to know: What Are the New Deadlines? In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010. Those in the military do have some special extensions on the timelines available. Tax Credit for First-time Homebuyers (FTHBs) … (0 comments)