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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 ...

Mortgage association president apologizes to Quicken Loans

The president of the Michigan Mortgage Lenders Association issued an apology to Quicken Loans on Wednesday after making "regrettable comments" about the company to Michigan Public Radio.

The 450-word apology letter from Jim Wickham addresses comments he made in a Feb. 15 story titled "Data analysis: 'Modern-day redlining' happening in Detroit and Lansing."

"In this instance, I failed a long-standing and highly valued member of the MMLA," he said in the letter, referencing the Detroit-based mortgage lender, which is an MMLA Platinum Corporate Partner. "This was an enormous mistake and I want to offer my most sincere apologies to Quicken Loans and its team members who have worked tirelessly to both transform the mortgage process and revitalize the city of Detroit."

Quicken Loans spokespeople did not provide comment Wednesday evening.

The MPR article focuses on the issue of redlining — the practice of denying loans to those deemed to be financial risks.

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.