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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
With all the bad news coming in from Wall Street and repetitive dreary national news, it's been easy to miss the housing recovery in Minneapolis and Saint Paul. This is most accurately confirmed by looking at the topic simultaneously through the lens of both a Realtor, appraisal review/underwrite...
09/24/2010
HUD has regrettably increased the annual mortgage insurance premium and soon will have succeeded in reducing the allowable seller concessions.  It's easy to know that this will have a big impact but it will actually change the lending landscape by dramatically decreasing FHA's presence in the mar...
09/01/2010
  You can make a difference - you have 30 days to comment against FHA's proposals   With a difficult economy and possibly some new FHA mortgage changes coming in the new future, this could be time to make your voice heard. HUD made this announce back in January 20th, 2010 - FHA announces policy c...
07/17/2010
  We get so many questions about what is a DEFICIENCY JUDGMENT and how it differs from other possibilities including DEED IN LIEU OF FORECLOSURE or SHORT SALE.  Recent blogs and Broker Bryant provided a request that I write a detailed article explaining and differentiating these three items. This...
07/10/2010
Yes, My Buyer Has the Money to Buy . . . Does Your Seller Have the Money to Sell? Get the facts on the seller's ability to sell, before putting the home on the market!I believe it is pretty standard real estate practice in most areas to have a pre-qualification / pre-approval letter (or proof of ...
06/18/2010
Fannie Mae finally comes on board...Hopefully this program is more successful than the current HAFA program. Right now I'm feeling lots of promises with no sign of ACTION. Don't tell me what you think I want to hear. Show me something that will HELP my clients! From HousingWire Fannie Mae (FNM: 0...
06/03/2010
  Since mid 2007, the mortgage originator as we know it has ceased to be.  The requirements for technical knowledge, industry awareness and precision have skyrocketed to the extent that a modern day loan originator is more of an “Under-iginator.” He/she must be 50% loan officer, 15% customer serv...
05/30/2010
  I was going to write an article on this topic but Amy Jones of ReMax in Arizona did a fine job of summarizing it.  She asks a question at the end and I chimed in this way: "This will create new industries within an industry. 3rd party services for occupancy checks, QC policy review, loan auditi...
05/29/2010
I've written on this subject before but I want to be more thorough this time.  There have been too many articles put out lately that discourage people from contemplating a home purchase after doing a short sale.  These articles express cynicism about home sellers' financial habits and Realtors al...
05/29/2010
It is inevitable that FHA will play less and less of a role in the lending market.  As this unfolds, it's critical for loan officers, Realtors and borrowers alike to understand the many options in the improving private mortgage insurance market.  In the distant days when home values were increasi...
05/29/2010
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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.