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The End of Pre-Approval Letters?

By
Mortgage and Lending with Cambria Mortgage NMLS 274132

The Consumer Financial Protection Bureau (CFPB), in another of their seems to make sense to a bunch of bureaucrats, but doesn't make real life sense on the streets move, are about to cause more pain and headache to the real estate industry.

Watch this video for all the stupid details.

 

New rules and disclosures coming August 1, 2015.  Are you ready?

 

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Joe Metzler is a Senior Mortgage Loan Officer for Minnesota based Mortgages Unlimited. He was named the 2014 Minnesota Loan Officer of the Year, and provides Home Mortgage Loans in MN, WI, and SD. He can be reached at (651) 552-3681

 

Comments(1)

William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Again, trying to show that they are doing something while all it is is messing things up for people.

Mar 16, 2015 09:01 AM