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New mortgage rules tough enough: Opposing view
New mortgage rules tough enough: Opposing view This rule would have dissuaded many lenders from originating mortgages outside those very tight boundaries, thus limiting credit — with disproportionate harm to low-income and first-time buyers. With sound underwriting, banks don't need such high down

Banks Cut as Mortgage Boom Ends
Banks Cut as Mortgage Boom Ends The Mortgage Bankers Association next week plans to cut its 2014 forecast for loan originations, which include loans for home purchases and refinancing. The current forecast of $1.2 trillion would represent the lowest level in 14 years. The trade group 

Lenders fear squeeze from mortgage rules
David Stevens, head of the Mortgage Bankers Association, said that the elimination of bad practices in the industry, such as no-document and no-interest loans, has erased 95 percent of all default risk in the market. With those loans gone, he predicted

'Worst of all worlds' for mortgage lending in fourth quarter
'Worst of all worlds' for mortgage lending in fourth quarter Looking at the broad market, mortgage applications plunged almost in half last year, led by dwindling interest from borrowers looking to refinance, as rates rose, according to the Mortgage Bankers Association, an industry group. The decline has forced

Nov 2006 Peter Schiff Mortgage Bankers Speech Part 1 of 8

In 2006 Peter Schiff tells over 1000 mortgage brokers they are about to be out of jobs. Watch how he completely nails the coming real estate ...

Senate Confirms Montgomery as New FHA Commissioner

“I told her that I was her son and would always be looking out for her best interests,” Montgomery told The Mortgage Reports’ Tom Kelly in 2015. “I also told her that I administered the program for the United States of America and thought it was a pretty good idea.”

Montgomery’s formal confirmation has already received applause from reverse mortgage professionals.

“Throughout the course of his career in both government and the private sector, Mr. Montgomery has demonstrated a thoughtful approach to the country’s housing needs, and in particular to the needs of an increasingly aging population,” Scott Norman, vice president of government relations at Finance of America Reverse, said in a statement sent to RMD. “We are confident the pragmatic approach to management and oversight of the HECM program Mr. Montgomery demonstrated from 2005 to 2009 will once again benefit both seniors and American taxpayers.”

Bell reiterated his support for Montgomery in a statement as well.

condo association - mortgage?

My mortgage lender needs a condo questionnare filled out for one of many process in order to get a loan. the condo association said that in order for them to fill it out.

High; but state specific. In VA, we can charge $100 for a basic disclosure package; no lawyer involved.