Author Archives: theloanman

When the Dodd-Frank Act was signed into law in July 2010, it contained 848 pages. From there, the regulations it proposed had to be made into “rules” that the financial industry would follow. These rules would be released over time. … Continue reading →

You may recall that back in 2003 HUD instituted a regulation stating that FHA would not insure a mortgage if the seller had owned the property for less than 90 days before signing a purchase and sale agreement with a … Continue reading →

When applying for a mortgage there are basic items you need to get for the lender. There are also items you will need to get for a refinance. Items needed for a mortgage purchase: * Last 2 years w2’s * … Continue reading →

Home sales in the 1st quarter of 2012 are the highest in 5 years according to the National Association of Realtors. Total home sales which included single family and condos increased 4.7% to a seasonally adjusted rate of 4.57 million … Continue reading →

You could be participating in a violation of Regulation Z – and harming your buyers. You probably have a favorite mortgage loan provider – someone who communicates well with both you and your clients, solves problems, only makes promises they … Continue reading →

Buying a home for the first time can be one of life’s most stressful experiences. There are a multitude of decisions that need to be made and there will almost always be a nagging feeling that something will go wrong. … Continue reading →

When the housing market crashed, our government began looking wildly around to see who to blame. Rather than examine the government policies that led to the crisis, they focused on all the other people involved in a real estate transaction. … Continue reading →

The recent struggles in the housing market have added fire to the traditional debate on whether it is better to own a home or rent. Each have their own advantages and which is the best option for a person can … Continue reading →

Getting a mortgage in 2011 or the upcoming 2012 year is not that difficult. I hear concerns all the time in regards to how difficult it is to get a loan in the current market. There are three changes that … Continue reading →

When getting a mortgage don’t be fooled that you will get a better deal with a big bank. The fees and rates typically are higher with a big banks. Also some of the big banks charge application fees. For example … Continue reading →