Tag Archives: Tighter Guidelines

Don’t Wait Too Long, FHA Rules are Changing

For those of you who have tried to get a mortgage done recently, you have probably realized that option are getting smaller and smaller. If you have a high loan to value (You owe almost as much as your home is worth) you may be limited to an FHA loan. This is a mortgage that [...]

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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 [...]

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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 [...]

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What is the HVCC?

HVCC is the acronym for Home Valuation Code of Conduct.  While this is a law that pertains to how both mortgage brokers and lenders run their business, HVCC directly affects you, the consumer, by driving up costs for getting a new mortgage. The HVCC is a law that was created with the intention of making [...]

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