Today is Monday, September 08th, 2008
At the beginning of every law, there’s a preamble and then a set of definitions. Many of you know this: A mortgage broker is not a lender.
A lender is defined by federal law, RESPA, as an entity that makes loans. This means the entity has the money to fund the loans.
Brokers, by definition do not […]
I received confirmation from Mortgage Law Central this morning that unearned referral fees (for doing no work; just refering the ...
It's no wonder HUD audited A+, their fees were outrageous! I can't even imagine charging a borrower a discount, origination ... Hi Kurt,
Thanks for visiting the NAMF blog. Yes, I do believe consumers are smart enough and ambitious enough to go ...
Jillayne,
While I agree with a lot of what you have said here, do you really think that the consumer is ... In response to the distressed property law, I'm not sure that mortgage brokers and/or originators should be exempt. I've heard ...
as far as I know we dont have a formal code of ethics at this moment, but it is an ... its quite obvious that massive greed concerning all financial institutions are to blame for this debacle as a consumer I wouldnt care if the the fee was split as long as my interests are served. but ...
I believe that the lenders, regulators, and Loan Originators are to blame for the mortgage industry crisis. Greed drove ... I do not believe this new law will help level the competitive playing field within the title insurance industry,in fact ...