mortgage broker: Mortgage Brokers have a new national registry set (HR3221) - 10/27/08 06:42 PM
The bill, commonly referred to as H.R. 3221, permanently increases the conforming and FHA loans limits up to $625,000 in high-cost areas. It also creates a national registry for all loan originators and sets minimum standards for state licensing of mortgage bankers and brokers.
NAMB views the new registry and licensing … (0 comments)
mortgage broker: Conforming Loan Limits changing on January 1, 2009 - 10/25/08 03:06 PM
UGENT Update
Current Temp. Conforming Loans Must close by 12/31/08 or lose rate lock and approval:
The Temporary High Balance Conforming Loans (those loans that are between $417,000-$729,750), must close escrow by December 31,2008 with no exceptions.
I am happy to report that Wells Fargo will allow these loans to … (0 comments)
In this blog I will share information, that I feel will be useful to both the real estate agent and the consumer as it relates to real estate financing in California and the rest of the U.S. I am a direct lender with Private Mortgage Advisors (an affiliate of Wells Fargo Bank, N.A.)
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.
The bill, commonly referred to as H.R. 3221, permanently increases the conforming and FHA loans limits up to $625,000 in high-cost areas. It also creates a national registry for all loan originators and sets minimum standards for state licensing of mortgage bankers and brokers.
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