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Interview with Jillayne Schlicke – Part 2: The SAFE Act
Earlier this month I shared an interview with Jillayne Schlicke. Part One addressed LO’s getting ready for 2009. The second half of my interview touches on The S.A.F.E. ACT which is a part of HR 3221. The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 is a part of the massive HR 3221. If you are planning... »
I went to a mortgage whore, he said my life’s a bore
Dear Jillayne, I have two residential loans that have been referred to me, one from a mortgage broker in Colorado and another from a credit union. Both LOs have already taken the loan application, gathered all the supporting documents, and sent the loans through the lender’s automated underwriting system. The credit union is unable... »
Proposed RESPA Reform
When I read the news on HUD’s proposed reform of the Real Estate Settlement and Procedures Act (RESPA) I was skeptical. Cathy from Sequim challenged me to read the 96-page federal register document so we could all figure out what’s going on. I am here to tell you that there is one... »
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