best lowest georgia fayette fulton gwinnett county mortgage jumbo fixed arm rates fha va usda: Loan Officer Compensation and Anti-Steering Rules... Higher Rates and costs will be the norm?
- 02/08/11 12:33 AM
The Regulatory Rule - Loan Officer Compensation and Anti-Steering Rules The Federal Reserve Board's final rule was issued on August 16, 2010 which amends the Truth in Lending Act (TILA) regulation (Regulation Z) by adding three new rules: Basing loan officer compensation on loan terms or conditions other than the loan amount is prohibited. Compensation of the loan originator by both the consumer and any other party (i.e. lender) for the same transaction is prohibited. Compensation can be paid only by a single source (e.g. generally either the consumer or the Lender). This is commonly referred to as the "Dual … (1 comments)
best lowest georgia fayette fulton gwinnett county mortgage jumbo fixed arm rates fha va usda: Monday’s bond market has opened in negative as Friday’s selling extends
- 02/07/11 05:29 AM
Monday’s bond market has opened in negative as Friday’s selling extends into this morning’s trading. The stock markets are not helping as they are posting sizable gains. The Dow is currently up 88 points while the Nasdaq has gained 25 points. The bond market is currently down 8/32, which will likely push this morning’s mortgage pricing higher by approximately .250 - .375 of a discount point from Friday’s morning levels. There are only two pieces of monthly economic data scheduled for release this week and neither comes today. Nothing of relevance is scheduled for today or tomorrow, so look for the … (0 comments)
best lowest georgia fayette fulton gwinnett county mortgage jumbo fixed arm rates fha va usda: Finance More Than 4 Properties in Georgia With our The 5-10 Properties Program
- 01/20/11 07:49 AM
Can you Finance More Than 4 Properties? Yes You Can With The 5-10 Properties Program! Although its getting harder we are able to find loans in order to purchase and finance a home through Fannie Mae with more than 4 existing financed properties, investors must meet all of the following criteria: Own between 5-10 residential properties with financing attached Make a 25 percent down payment on the property; 30 percent for 2-4 unit Minimum credit score of 720 No mortgage lates within the last 12 months on any mortgage No bankruptcies or foreclosures in the last 7 years 2 years of complete … (3 comments)
Even with the horrific weather across from areas of the county Home Builders think the market in moving in the right direction. Each month, in conjunction with the Department of Housing and Urban Development, the Census Bureau releases its New Residential Construction report. The report is comprised of several sections, one of which counts the number of homes that have “broken ground” nationwide. They’re called “Housing Starts” and, by most measures, they faded quickly as 2010 came to a close. According to the Census Bureau’s report, Housing Starts of single-family homes fell to 417,000 units on a seasonally-adjusted, annual basis. The figure marks … (0 comments)
best lowest georgia fayette fulton gwinnett county mortgage jumbo fixed arm rates fha va usda: Home Builders Slowed By Higher Mortgage Rates or the Economy?
- 01/20/11 02:13 AM
Home builder confidence held firm for the second straight month this month, according to the National Association of Home Builders. The monthly Housing Market Index registered 16 out of a possible 100. January's reading is three points higher than the 2010 low-point, set in September, and in-line with last year's average reading. According to the NAHB, the market for newly-built, single family homes remains relatively weak "following a below-expectations finish in 2010". Builders expect a better 2011. The Housing Market Index dates to 1985. It's a composite of surveys which gauge the builders' perceptions of the new home-buying market. There are … (0 comments)
The Regulatory Rule - Loan Officer Compensation and Anti-Steering Rules The Federal Reserve Board's final rule was issued on August 16, 2010 which amends the Truth in Lending Act (TILA) regulation (Regulation Z) by adding three new rules:
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