Remember when you last shopped for a new washing machine or home appliance? Was the salesperson truly knowledgeable about his products and matching the right machine to your needs? Or did …
What is the most stupid condition you’ve gotten from an underwriter on a mortgage file?
I recently read an article in Loan Officer Magazine, written by Karen Deis, that made me laugh out loud. Karen is the Founder of Loan Officer Training, Publisher of Loan Officer Magazine and Mortgage …
Interest Rates Experience Shock and Awe, Thanks To The Federal Reserve
Mortgage interest rates are driven by the Mortgage Backed Securities (MBS) markets, where mortgages underwritten to Fannie Mae and Freddie Mac standards are packaged and sold in the …
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New Streamlined Modification Program To Help Delinquent Borrowers Avoid Foreclosure
Another option will soon be available to help delinquent borrowers avoid foreclosure, as well as help Fannie Mae and Freddie Mac minimize further losses. Beginning July 1, 2013, mortgage …
Fannie and Freddie Reforms Threatened By Record Profits.
After the credit implosion and housing market collapse in 2008, Fannie Mae and Freddie Mac experienced huge losses, mostly caused by their sub-prime mortgage holdings. These losses, …
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New CFPB Complaint Database Reveals Mortgage Brokers Have BEST Reputation!
In January 2012, the Consumer Financial Protection Bureau (CFPB) proposed creating a free, public database for consumers to file complaints against virtually ANY financial product, service, …
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