Tag Archives: YSP
The New World of Loan Officer Compensation
It’s a whole new world when it comes to loan officer compensation and the Fed Rule. But it’s time to get back to selling real estate and doing mortgages. The HUD Score Card shows that NOW is the time to buy and affordability has never been better. Get all your real estate news and mortgage [...]
- April 7, 2011
- / Category Mortgage Industry, News, Real Estate Industry, TBWS, Think Big Work Small
- / Posted By Mortgage Master Luke
- / No Comments.
Judge Rules in Favor of Federal Reserve on Loan Officer Compensation Part 2
The Judge reviewing the lawsuit(s) filed by NAMB and NAIHP has ruled in favor of the Federal Reserve. Based on our review of the ruling it would appear that the judge never intended to rule in favor of the associations. So the Fed Rule is going forward and the consumer is going to pay the [...]
- March 31, 2011
- / Category Mortgage Industry, News, Real Estate Industry, TBWS, Think Big Work Small
- / Posted By Mortgage Master Luke
- / No Comments.
Federal Reserve Study Flawed. 13% of All U.S. Homes Vacant
The Federal Reserve conducted a study where they essentially pretended to be a mortgage broker, and acted how they thought a mortgage broker would act in order to fabricate the results they were looking for. 13% of all U.S. homes lie vacant. Get all of your real estate news and mortgage news with Frank Garay [...]
- March 29, 2011
- / Category Mortgage Industry, News, 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 [...]
- / Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / No Comments.
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