Tag Archives: RESPA

The ‘In-House Lender’ – Okay? Or RESPA Violation?

Today we are looking at the “In-house” lender. Do you think that this is a RESPA violation? Is this really a good thing for the consumer? Download as PDF

Post Tagged with Desk Fees, Good for the consumer, In-house Lenders, Marketing Agreements, RESPA, TBWS, Think Big Work Small

June 6, 2011
/ Category Mortgage Industry, Real Estate Industry, TBWS, Think Big Work Small
/ Posted By Mortgage Master Luke
/ No 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.

Looking Forward to 2010

Good Faith Estimate (GFE) 2010 is introduced January 1, 2010. Six items now required before the loan originator can provide you with a GFE: Name, Property address, Estimated Property Value, Loan Amount, Income, and Social Security Number (Credit Report). Fees locked for 10 business days from issuance of GFE. Designed to protect the consumer from [...]

Post Tagged with 1st Time Home Buyer, 1st Time Home Buyer Tax Credit, 6500 Credit, 8000 credit, Applying for a mortgage, Difficult to Get a Mortgage, Federal Reserve Board, GFE, Good Faith Estimate, HVCC, RESPA, The Kunselman Team, Yield Spread Premium, YSP

/ Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Understanding Your Mortgage
/ Posted By Mortgage Master Luke
/ No Comments.

Interest Rate vs. APR

Today, The Kunselman Team is going to explain a sometimes confusing part of the mortgage process. The differences between the interest rate and the Annual Percentage Rate (APR) can raise some questions that can be difficult to explain. Most everyone understands what their interest rate is. It is the rate of interest that they will [...]

Post Tagged with Annual Percentage Rate, APR, Closing Costs, GFE, Good Faith Estimate, Mortgage Interest Rates, Reg-Z, RESPA, The Kunselman Team, TIL, Truth In Lending Disclosures

September 24, 2009
/ Category Know Your Mortgage, Mortgage Industry, News, Understanding Your Mortgage
/ 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 [...]

Post Tagged with First Time Home Buyer, Getting a Mortgage, GFE, Good Faith Estimate, HERA, Home Economic Recovery Act, Home Valuation Code of Conduct, HVCC, MDIA, Mortgage Disclosure Improvment Act, Mortgage Industry, RESPA, The Kunselman Team, Tips to getting a good mortgage, Truth In Lending Disclosures

/ Category Mortgage Industry, News, Real Estate Industry
/ Posted By The Kunselman Team
/ No Comments.

Tag Archives: RESPA

The ‘In-House Lender’ – Okay? Or RESPA Violation?

Looking Back at 2009

Looking Forward to 2010

Interest Rate vs. APR

On Your Marks, Get Set…Wait!

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