According to Utah regulators, there are thousands of brokers who are currently at risk of losing their broker’s license. Real estate brokers in Utah are required to submit their credentials for a new federal Nationwide Mortgage Licensing System by May 31, 2010.
Submitted by a LoanSafe reader; My husband as a CPA was approached many a time during the housing boom to help homeowners who tax returns or financial statements needed to be done to complete the loan. One mortgage broker in particular was placing a buyer combined income with his spouse was 70,000 gross into a [...]
(LoanSafe.org) BEDFORD, N.H. – New Hampshire Housing Finance Authority recently named its 2009 top 10 loan originators. These individuals originated more than 110 loans and generated over $17 million in first-time home buyer mortgages through the Authority’s Single Family Mortgage Program.
San Diego, CA (February 24, 2010) – The Mortgage Bankers Association (MBA) announced today that it has developed a concept for a new forbearance program that would allow qualified borrowers who had lost their jobs to remain in their homes while they seek new employment. According to the proposed program, loan servicers would reduce the [...]
First of all, a mortgage broker serves as the middleman between the lender and the borrower. His role is to shop for available loans from several lenders for a particular borrower and to choose which the best one for his client is. A mortgage broker is helpful for buyers who do not have the time [...]
A mortgage broker has several different responsibilities on their plate, most of which are hinged around their job as an intermediary between lenders and borrowers. They sell loans for lenders, while at the same time looking out for the best interests of their clients at the same time. First off, a mortgage broker usually does [...]
A mortgage broker has several different responsibilities on their plate, most of which are hinged around their job as an intermediary between lenders and borrowers. They act like affiliates to lenders they are approved to do business with and sell loans for these lenders, while at the same time they are supposed to be looking out [...]
A mortgage broker is somewhat of a middle man who goes between lenders and borrowers to sell loans. The role of the mortgage broker has grown in recent years, making their roles key figures in the home loan business. Brokers, in most cases, have a variety of responsibilities, and are responsible to help borrowers to get the [...]
FORUM
Bank of America Home Loans
Chase Mortgage
Citi Mortgage
Countrywide Home Loans
Wells Fargo Home Loans
