This is another great post from a very respected lender on ActiveRain. His post address the question of a realtor/agent wearing more than one hat during a real estate transcation. His post address when a realtor is also acting as the loan officer. Very similar to the issues he raises occur whe
...
08/20/2009
This is Great Information for buyers to read. I know a number of lenders that advertise "NO ORIGINATION FEE". However they have a processing fee of the same amount that an Origination Fee would have been. Normally those lender then have the other Misc charges that are higher than their compe
...
08/05/2009
The Truth About Rates and APR Here is a definition of APR (Annual Percentage Rate) we pulled for another mortgage Web site: Annual percentage rate (A.P.R.) "APR is a measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders
...
07/28/2009
Below are summaries changes that the Federal Reserve has proposed. Both proposal are signifant and I believe all realestate professions need to review the proposal and let your comments be known. I can agree that better disclosure of the terms of loans might assist consumers, however the propos
...
07/28/2009
Here is an update of the Cleveland NACA event as broadcast by www.WKYC.com a local TV Station. Here is a link to the story ( http://www.wkyc.com/news/local/news_article.aspx?storyid=118350&catid=3 ). Also homeowners facing foreclosure may want to check with the individuals at Cuyahoga County's Fo
...
07/22/2009
On todays evening news Channel 3 did a piece supporting NACA. with a Title of NACA 'Save the Dream' tour helps homeowners lower mortgage rates. Here you can read the article. http://www.wkyc.com/news/local/news_article.aspx?storyid=117206&catid=45 This is a link to a article titled http://
...
07/06/2009
With the recent announcment of Unemployment numbers and Mortgage Delq's, you might wish to see these number show together. There appears to be a relationship between Unemployment and Mortgage Delq's. The question to ask is then "What is the cause and what is the effect?" and then to ask "What
...
07/04/2009
Everyone is aware of FHA's Property Flipping Rules. Today I was approached to do a Conventional Loan for the buyer instead of FHA because of the FHA Flipping Rules. I would generally avoid transcations like this however it peaked my interest based upon FHA Rules. The following are sections of
...
07/02/2009
I actually support this because it does not bail out the people that borrowed 100% of the price of a home. U.S. HUD Secretary Shaun Donovan today announced an expansion of the Obama Administration's Home Affordable Refinance Program to include participation by borrowers who are current but up
...
07/01/2009
If you have thought of using individual Property Address Websites, Now may be the time to do it. I am the owner of www.1600PennsylvaniaAve.info and I can control what website or Web Page anyone that types that URL will see. Imagine if you could have a custom Website URL for each and every one
...
06/29/2009