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Mortgage and Lending - iLoan - NMLS ID#4474 - NMLS 79048
A place that borrowers can come to learn more than the basics of mortgage lending. It's also a place where industry professionals can come to find content for their clients.
RECENT BLOG POSTS
02/11/2011
When buying your next home, changes to your credit (additional accounts, closing accounts, fluctuating credit card balances) can result in the lowering of your credit score. If your credit score changes, that can affect your interest rate and even the loan approval itself. Therefore, it is impera...
02/05/2011
When one is selling their home and subsequently buying another, it doesn’t necessarily come quickly to mind that it takes more than online home value calculators to provide an estimate of what you’ll make on the sale of your home. Even the online seller’s net sheet calculators can only provide an...
02/04/2011
If you've been watching the evening news or reading what's been coming off the press, you might be thinking that the sky is about to fall on Minnesota home prices. You'll hear a lot of doom and gloom and a lot about the S&P/Case-Shiller Home Price Indices. I assure you that the media will not do ...
01/27/2011
As a follow up to Fannie Mae’s recent guideline changes, they will now be taking steps to make conventional loans more expensive across the board.  A few years back, Fannie Mae instituted an aggressive round of Loan Level Pricing Adjustments (LLPA’s) and an Adverse Market Delivery Charge (AMDC) ...
12/28/2010
I absolutely love this author.  Just about every one of her posts leaves me in laughter.  Tni LeBlanc's blog is definitely one worth subscribing to.Confessions of a Short Sale Agent: I Already Hate Your Bank I know you hate your bank.  They've taken you through hell.  You're thinking about: •·   ...
11/27/2010
There has been some recent excitement about Fannie Mae (FNMA) changing her guidelines on down payments and allowing gift funds as an acceptable form of down payment in lieu of a borrower’s own funds. Before we all get excited about FNMA getting a little FHA in her with respect to gift funds, we ...
11/27/2010
In some regards, the MN legislature was ahead of the curve on the mortgage and housing crisis. They regulated non-bank lenders and brokers in ways that other states hadn't even considered. They got ahead of abusive practices towards distressed homeowners and shady loan modification companies. Wha...
11/27/2010
  California has taken a clever step towards opening doors for homeownership.  A primary intention of this bill no doubt was to flush the market of negative equity and aid struggling homeowners.  It has an added benefit of streamlining continued homeownership for those who will do a short sale af...
11/27/2010
So Ally's GMAC, Bank of America and J.P. Morgan Chase are halting foreclosures in 23 states.  More importantly, Fannie Mae and Freddie Mac have stepped in to outline correct foreclosure processes and are demanding lenders adhere to them.  What's more, many more lenders are sure to follow the big ...
10/04/2010
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Charles Dailey

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A place that borrowers can come to learn more than the basics of mortgage lending. It's also a place where industry professionals can come to find content for their clients.