10: Prospect Mortgage - Georgia Exclusive HomePath Program 11-20 Financed - 09/15/12 02:49 AM
 
A brand new Fannie Mae HomePath® opportunity is now available to Georgia investors.  The Fannie Mae HomePath® loan program has now been expanded to allow up to a total of 20 financed properties (including those currently being financed) under an exclusive Prospect Mortgage loan program.  No other lender in the country can offer this special financing to GA buyers.
 
 
Only Prospect Mortgage gives you the opportunity to capitalize on both the below-market prices of foreclosures owned by Fannie Mae and the ability to carry financing on up to 20 investment properties for each investor. Most loan programs allow … (3 comments)

10: Prospect Mortgage Exclusive - Alabama HomePath Program 11-20 Financed - 09/15/12 02:47 AM
A brand new Fannie Mae HomePath® opportunity is now available to Alabama investors.  The Fannie Mae HomePath® loan program has now been expanded to allow up to a total of 20 financed properties (including those currently being financed) under an exclusive Prospect Mortgage loan program.  No other lender in the country can offer this special financing to AL buyers.
 
 
Only Prospect Mortgage gives you the opportunity to capitalize on both the below-market prices of foreclosures owned by Fannie Mae and the ability to carry financing on up to 20 investment properties for each investor. Most loan programs allow only four to … (0 comments)

10: GA Residential Mortgage Fee to Increase to $10.00 - Efffective May 12, 2010 - 06/02/10 03:13 PM
On May 12, 2010, O.C.G.A. Section 7-1-1011(2)(b) was amended to increase from $6.50 to $10.00.  this is a per loan fee that must be remitted to the Department for each residential mortgage loan that closes for which a security deed, a modification of a security deed or other form of modification of a security interest is recorded.
For more information, visit my previous post at GA Residential Mortgage Fee to Increase to $10.00.
 
 
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10: GA Residential Mortgage Fee to Increase to $10.00 - 04/17/10 01:57 AM
The Georgia Department of Banking and Finance announced on April 16, 2010, that there will be an increase in the $6.50 per loan fee.  The announcement states:
"The Department would like to bring to your attention that there will likely soon be an increase in the $6.50 per loan fees, required by O.C.G.A. Section 7-1-1011(b)(2), from $6.50 to $10.00.  This increase is included in HB1055 which imposes an increased per residential mortgage loan fee of $10.00 and which will become effective upon the Governor's signature.
The Department recommends that Financial Institutions, Mortgage Lenders and Brokers begin to review policies, procedures, computer program changes, loan form documents, … (0 comments)