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Tag: second-mortgage
What it’s like to be a mortgage originator today
As a Correspondent Lender, it’s difficult for me to call myself a mortgage broker or a mortgage banker since I’m an odd mix of both. I’m sure my sister-in-law who happens to be the President of our company would prefer to say the “best of both worlds” and she could be right. This is not what [...]
Posted: December 19th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: bridge-loan, dti, fannie, freddie, jumbo, loan-officer, loan-originator, Mortgage and Lending, non-conforming, second-mortgage, stated-income
Comments: 19
The Mortgage Witch Hunt
Just in time for Halloween, officials from various levels of government are gathering together over the frightful happenings going on in the mortgage industry. Home values were going down, mortgage payments were on the rise and consumers did not contact their mortgage professional for advice. Some were provided opportunities to own homes by using “non-traditional” [...]
Posted: October 31st, 2007 under Agent Advice, Buyer Information, General Real Estate, Legal Issues, Mortgage and Lending.
Tags: bankers, brokers, legislation, Mortgage and Lending, second-mortgage, subprime, witch hunt, YSP
Comments: 46
Exotic Loan Programs and Potential Foreclosures
Every “exotic” loan program has a potential appropriate user of that program. What we are seeing more and more today, is the industry using these perfectly good programs inappropriately, to “get the deal done”. Before I go into my take on the situation, let me point out two relevant sites worth reading. [...]
Posted: October 15th, 2006 under General Real Estate.
Tags: conventional-loan, exotic, FHA, foreclosure, hud, loan, Mortgage and Lending, PMI, rates, second-mortgage, va, zero-down
Comments: 46
