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TOO MUCH REGULATION???

TOO MUCH REGULATION???

The upcoming implementation of the new LO Compensation rules has given me pause to consider the current regulation that is already in place in regards to mortgages and consumer credit. The brand new Consumer Financial Protection Bureau will be given the task of overseeing this new regulation. According to the CFPB website their mission will be to make sure consumers have the information they...

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Disclosures

Disclosures

research paper...

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Why can’t I get the best rate?

Why can’t I get the best rate?

prednisone dosing Question: I have and am putting 20% down on the purchase of my new home.  Why can’t I get the rates that I see on-line? Answer: Well, maybe if you had taken better care of your credit we wouldn’t be having this conversation now would we?  Just kidding.  Sort of. In today’s lending landscape Fannie Mae and Freddie Mac are the primary purchasers of home loans. You may...

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A Recipe for Foreclosure

A Recipe for Foreclosure

A Recipe for Forclosure….Short Sales and Private Mortgage Insurance…. Are you a real estate agent working on short sale approval for your seller? Under the best of circumstances it can be a challenge. But there could be the delays could be contributed to private mortgage insurance companies (PMI). Private Mortgage Insurance companies provide mortgage insurance to protect lenders from...

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Really? Halting Foreclosures…

Really? Halting Foreclosures…

Really? Halting Foreclosures Will Help the Economy In their zeal canadian pharmacy to get homes on the foreclosure auction block, questionable practices were implemented by banks including forging J. P. Morgan Chase and GMAC/Ally Bank have announced that they are freezing foreclosures in the 23 states that process through the court system, or judicial foreclosures.  So far only Bank of...

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