A Mortgage Broker versus a Loan Officer at a Retail Bank
I am a member of the National Association of Mortgage Professionals, and received this email in my inbox this morning. The NAMB President wrote a letter to President Obama regarding Obama’s use of singling out mortgage brokers when discussing financial reform...Purchase Loan Program Available for our Community Heroes: Police, Firefighters, Teachers & EMTs
There is a special program currently available to police, firefighters, teachers and emergency medical technicians. The program, called Good Neighbor Next Door (GNND), offers a 50% discount on the list price of a home for HUD-owned properties. In return, the...Expanded Program to Help Homeowners Whom are Underwater: HARP 2.0
Some good news that may open up refinancing opportunities for homeowners with little equity or whom are underwater: the Federal Housing Finance Agency, Fannie Mae and Freddie Mac are enhancing the Home Affordable Refinance Program (HARP). We’re calling it HARP 2.0....“Senate Adopts Measure to Increase Fannie, Freddie Loan Limits”
Bloomberg Businessweek issued an article stating that the Senate has approved a measure to increase our high balance loan limits. The measure now has to be passed by the House to become law. My fingers are crossed! Since reverting back to the “permanent”...Loan Calculator
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