FHA pumps up the commission for brokers
January 3, 2010 by BankSlayer
Filed under Blog for Realtors
The US Department of Housing and Urban Development (HUD) removed the 1% origination fee cap on loans insured by the Federal Housing Agency (FHA), according a mortgagee letter sent out this week.
HUD made the change to remain consistent with the Real Estate Settlement Procedures Act (RESPA), which will require mortgage lenders to disclose to borrowers a [...]
Free mortgage audit for Veterans!
November 11, 2009 by BankSlayer
Filed under Blog for Homeowners
In honor of Veterans Day and all our military members have done for this great country will are providing all Veterans with a free mortgage audit today.
A mortgage audit is a forensic analysis of your Loan Application, the Good Faith Estimate, the Truth in Lending Statement, Note, Deed of Trust, HUD-1 closing statement and other [...]
