LenderBradford's Blog

Mortgage and Lending - NMLS142066/250013
Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.
6 Reasons FHA Loans Work Well for First Time Home Buyers   FHA loans have many benefits for all home buyers. But they really seem to work well for first time home buyers in particular. A lot of first home buying stories center around the FHA process. While the FHA loan isn't tailored specifically...
This is an opinion post and I welcome any Loan Officers and Realtors to comment with their opinions and questions. About 6 months ago the Federal Reserve posted a rule that is scheduled to take effect April 1, 2011 . Our industry groups have been fighting this since the rule was posted.  As of Ma...
HUD No. 11-013Lemar Wooley(202) 708-0685 FOR RELEASEMondayFebruary 14, 2011 FHA TAKES STEPS TO BOLSTER CAPITAL RESERVESNew premium structure for 30- and 15-year loans will help private capital return WASHINGTON - As part of ongoing efforts to strengthen the Federal Housing Administration's (FHA)...
This article can be found on Treasury.gov  I have highlighted some items that will be of concern to the Real Estate Community.  At the end of the article you will find a link to the White Paper explaining the Administrations proposal.  Obama Administration Plan Provides Path Forward for Reformin...
This post is based upon information found at http://www.mortgagenewsdaily.com/02112011_future_of_housing_finance.asp  On that page you will find a link to a Report to Congress ( http://www.treasury.gov/initiatives/Documents/Reforming%20America%27s%20Housing%20Finance%20Market.pdf ) that lays out ...
One the Day after The State of the Union where Obama spoke of Frivolous Lawsuits, Dennis Kucinich has filed a $150,000 Suit against the House Congressional Cafeteria.    Here is the Complete Story http://www.woio.com/Global/story.asp?S=13915948# After hearing the story, I visited Kucinich's websi...
This is a good reminder of some of the changes in the market.  Gift funds could be allowed on a conventional purchase to cover the first 5% down payment.   Also, do not count upon excluding a monthly debt with only a few payments remaining.   Fannie Mae rolls out new mortgage guidelines Monday. T...
This is good information for consumers considering a Mortgage Modification.   Please read this post and also the READ MORE . . . . . . link.  FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams Rule Outlaws Advance Fees and False Claims, Requires Clear Disclosures Ho...
This is a Great Post by Lenn and the 203K loan is a great loan for Buyers that "Can See the Potential".   At the right purchase price a buyer can purchase some of these homes at Bargain Basement Prices and then Repair, Fix Up ir improve the home to meet the wants and needs of their family.  Lands...
Have you dealt with a client like this? I do not know how it is done but this was created at http://www.xtranormal.com/index

Tim Bradford

NMLS 250013
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