Real estate blog entries tagged with hud by Larry Bettag

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Larry Bettag Illinois FHA Specialist : Lending and everything Midwest - Larry's blog : Tag "hud"

hud: It's Official, the New Good Faith Estimate Hurts the Consumer and the Industry! - 02/23/10 08:55 AM

It's official:
The New Good Faith Estimate is causing real pain to The Consumer and; The Real Estate Industry I've now spent two months working on this new good faith estimate. It's been implemented since January 1rst of 2010. So, without further adieu.....what is the problem with the new Good Faith Estimate?
THE CONSUMER First, let's call it like it is. The government wanted to create a "new and improved" Good Faith Estimate that is "user friendly, easy to read, and would promote a fairness in comparison shopping for the consumer." The consumer would be able to shop one lender against the other … (131 comments)

hud: Market trends from weekend Fed Activities - 03/17/08 09:26 AM

In an emergency move, the Fed cut the discount rate (the rate on direct loans to banks) by 0.25% to 3.25%. The Fed also announced that it will create a lending facility for the 20 primary dealers (the first time the Fed has extended financing to non-banks since the Great Depression), which will remain in place for at least 6 months. Bear Stearns continues to make headlines this morning on news that JP Morgan will purchase the firm for $2 per share, which is less than 1/10th of the Bear's value as of the close last week. The Fed has agreed … (5 comments)

hud: Bernanke and Fed are in the process of changing Respa....what this means to you. - 03/16/08 11:11 PM

Alphonso Jackson, Secretary of Housing and Urban Development Friday proposed a mortgage reform designed to help consumers better understand the terms of the loans they are considering and offering guidelines for shopping for different products. This is cool since many consumers don't understand what's been put before them and unscrupulous lenders prey upon victims by not explaining truths to consumers.
If approved, the changes will reform Real Estate Settlement Procedures Act (RESPA). First HUD is proposing that mortgage brokers and lenders provide consumers with a standard Good Faith Estimate. Jackson said that by offering consumers clearer, more certain cost estimates the average borrower will save … (6 comments)

Related Links:

Larry Bettag Illinois FHA Specialist

Saint Charles, IL

More about me…

Larry Bettag - Cherry Creek Mortgage

Address: 40W310 LaFox Road, Saint Charles, IL, 60175

Office Phone: (630) 524-9677

Cell Phone: (630) 417-7172

Email Me

¹ “Let not your heart be troubled; you believe in God, believe also in Me. ² In My Father’s house are many mansions; if it were not so, I would have told you. I go to prepare a place for you. ³ And if I go and prepare a place for you, I will come again and receive you to Myself; that where I am, there you may be also. ⁴ And where I go you know, and the way you know.”
(John 14:1-4, New King James Version)

Follow this blog

Larry Bettag

Listings

Links

Archives

Find IL real estate agents and Saint Charles real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.