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Saving the Mortgage Broker? HR 3915 Mortgage Reform

By AJ Martin

Services for Real Estate Pros with none

January 18, 2008 07:41 AM

Please read today's post at MortgageBlog.com to see how a mortgage contract may save the mortgage broker's ability to make loans as HR 3915 Mortgage Reform and Anti-Predatory Lending Act of 2007 rolls on.

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Don Draughn - Mortgage Professional

High Point, NC

I can see the benefit of this but the one concern I have is for states like NY that have tight high cost laws. If fees are limited to 5% of the loan amount or less, as in NY, a flat fee mortgage could still make it hard for brokers to do business.

Jan 21, 2008 04:00 AM

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Saving the Mortgage Broker? HR 3915 Mortgage Reform

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AJ Martin

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