Tag Archives: MDIA
The New Good Faith Estimate 2010
On January 1st , 2010, HUD implemented a new disclosure designed to simplify the understanding of the cost of a loan. The document is called GFE 2010. Many things are different between the old Good Faith Estimates (GFE) and the new one, but here are some of the main differences. 1. Lenders will no longer [...]
- March 3, 2010
- / Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / 2 Comments.
Looking Back at 2009
The $8000 first time home buyer tax credit that didn’t have to be paid back is introduced. Foreclosures declined but short sales were on the rise. Stated income loans went away, making it difficult for self-employed income borrowers to get a new mortgage. New mortgage guidelines tightened up. Large investors (unless they are cash buyers) [...]
- January 21, 2010
- / Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / No Comments.
Fewer Rules, More Common Sense 2
If you read last month’s news letter, you might notice that the “Advice from the Mortgage Masters” article is very similar this month. This was done intentionally because the message still rings true with this months mortgage update. HVCC and HERA are both examples of good intentions gone bad. One of the biggest problems facing [...]
- September 24, 2009
- / Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry
- / Posted By The Kunselman Team
- / No Comments.
On Your Marks, Get Set…Wait!
Anybody that has tried to get anything done with their mortgage recently understands that things have been moving a little slow. Well good news, the politicians in all their infinite wisdom decided that you the consumer need EVEN MORE TIME to make a proper decision about your mortgage. The fact that on average a mortgage [...]
- / Category Mortgage Industry, News, Real Estate Industry
- / Posted By The Kunselman Team
- / No Comments.
Fewer Rules, More Common Sense
The HVCC as mentioned above is just another example of good intentions gone bad. One of the biggest problems facing our country right now is the flood of new laws being put into place. Because of the state of the economy and incorrect opinions about what got us to this place, many politicians are creating [...]
- / Category Mortgage Industry, News, Real Estate Industry, Uncommon Useful Knowledge
- / Posted By The Kunselman Team
- / 1 Comment.
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