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16 Apr 2007, 3:24 am
The following terms are important in the mortgage and housing profession, but often come up in division of property in a divorce situation: SOURCE:  DivorceNet203(b): FHA program which provides mortgage insurance to protect lenders from default; used to finance the purchase of new or existing one- to four-family housing; characterized by low down payment, flexible qualifying guidelines, limited fees, and a limit on maximum loan amount. 203(k): this FHA… [read post]
9 Apr 2007, 8:50 pm
Most mortgage brokers sell the relationships as soon as the loans are made. [read post]
8 Apr 2007, 8:45 pm
"These mortgage brokers are just the underbelly of society and these liar loans are despicable," Schumer said. [read post]
18 Mar 2007, 6:59 am
  The complaint, filed in Cuyahoga Common Pleas Court, alleges numerous violations of the violations of the Consumer Sales Practices Act, Ohio Mortgage Loan Act and Ohio Mortgage Brokers Act. [read post]
24 Feb 2007, 7:29 am
Mortgage broker transactions that are table-funded are not secondary market transactions. [read post]
12 Dec 2006, 12:56 pm
Amongst other things, that program revealed that estate agents are (illegally) buying information from mortgage brokers about prospective purchasers: how much they have to spend, how much they've received in mortgage approval, how much they might have from other sources (such as parental gifts). [read post]
5 Nov 2006, 10:10 pm
It ought to be fundamental that all mortgage originators employ prudent lending practices, including credible consideration of a borrower's ability to repay a loan - as structured - from sources other than the borrower's home pledged as collateral. [read post]
22 Aug 2006, 12:26 am
"---Quentin Crisp UPDATE: To those of you claiming to be mortgage brokers and real estate brokers, who've concocted obviously illegal schemes ("obvious" to everyone but yourselves) to violate Section XIII of RESPA: save your weary little fingers from further keying. [read post]