Best Loan Modification Strategy I’ve heard yet…
Sounds like the some unions in New York are going to sell their Pension holdings in Chase bank if Chase doesn’t begin to be more flexible with granting loan mods. …
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CalPERS Program Suspended
Just received the following e-mail from our rep at First Mortage 12/16/10: Press Release December 13, 2010 External Affairs Branch (916) 795-3991 Patricia K. Macht, Director Brad Pacheco, Chief, Office …
The benefits of surety bonds in the mortgage industry
The benefits of surety bonds in the mortgage industry New mortgage specialists in California have many things to consider, such as what kind of loans to specialize in, where to …
Federal Housing Administration to Accept DocuSign for Real Estate Contracts
After hearing many complaints regarding lender acceptance of e-signatures in regards to FHA insured loans specifically, HUD has finally changed their stance on acceptance of docusign electronic signatures. As of, …
California Nationwide Mortgage Licensing System (NMLS) Process Summary
Ok, now that I have completed the process I can report back on how it went. 1) Its expensive, it costs $575 as an individual and $500 as a company. …
Top 7 Reasons Mortgage Home Loans get denied
The following are some reasons loans are being denied. 1) Being aggressive in determining qualifying income. When it is difficult to come up with enough qualifying income, maybe the borrower …