loans: Aurora Loan Services-Lehman Brothers...Last Day To Submit. Closing Doors! - 01/18/08 01:03 AM
Well...It's official!
Got the "official e-mail" ...  even though corporate actually dropped the bomb yesterday at 10am. My file with them must fund by the 25th. That is the day that my lock expires and there will be NO MORE lock extensions! Today is the last day to submit a new loan to them and you can only lock for 30 days.
Here's the e-mail...
Dear valued clients:
Aurora Loan Services' parent company, Lehman Brothers, announced today that it will substantially reduce its resources and capacity in the U.S. residential mortgage origination space in light of the dislocation in the mortgage markets. As a result, … (2 comments)

loans: North Carolina’s High Cost Home Loan Law - 12/01/07 03:05 AM
North Carolina's High Cost Home Loan LawEffective January 1, 2008, North Carolina's High Cost Home Loan Law is amended to include all Yield Spread Premiums (YSPs) paid to the broker in the high cost points and fees test. Owner-occupied primary residence loans with loan amounts of equal to or less than $300,000 are affected by this change.
North Carolina Rate Spread Home Loan LawA new Rate Spread Home Loan Law creates restrictions relating to certain loan documentation types AND restrictions on prepayment fees. These changes apply to all conforming owner-occupied primary residence purchase or refinance loans secured by property located in North … (2 comments)


Kris Krajecki

Mortgage Broker Huntley, IL

Huntley, IL

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Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL

Office: (847) 426-3431

Mobile: (630) 347-6321

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