To the Students from the March 11-12 Pre-Licensing class at Rockwell Bellevue

Hi Everyone,

Here’s the follow up Q&A from our time together:

There was a request for more definitions and acronyms.  I like this page for definitions. And this link for basic mortgage acronyms.

I promised the scathing expose from 60 Minutes segment on the Fair Credit Reporting Act.  Makes me not so proud of the Credit Reporting Industry.

There was a request for a link to see what the 2014 Combined TIL/GFE disclosure form will look like next January

There are a lot of websites that refer to the Good Faith Estimate’s “Shopping Chart” as the “Shopping CART.” However HUD is still referring to it as the Shopping Chart.  Hopefully your test question won’t have both of those as possible answers. If so, I’d go with what HUD is calling it: a CHART.

Here is our federal regulator warning mortgage companies that are currently advertising in a deceptive way. I’m sure Double Secret Probation is next.

There was a request for more information on the FTC’s ruling on predatory loan mod scammers, which was the MARS rule. Here you go.

Slide decks for FHA loans and also the full 2-day class can be found on Slideshare.

Thanks for coming to class! What a fun group we had!! Keep studying 🙂