Mortgages
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From the Trenches
This is a pile-on to Chris’ recent post explaining the new Good Faith Estimate form . . . . I just received an email from a Loan Officer (“LO”) friend reviewing some rule clarifications issued by HUD after a February 18, 2010 meeting with a bunch of FHA mortgage investors. LO Question: “When are consumers [...]
2 March 2010
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Buyer Help
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From the Trenches,
Op Ed,
Snark
An illustration of just how ridiculous lender requirements have become, direct from an email written by a loan officer and sent to loan specialist Rob Chrisman: “Rob – The following is an actual underwriting condition from a large wholesale lender which is known for having the best wholesale pricing for conforming loans. (As background, the [...]
27 February 2010
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