There are many laws to be aware of in the mortgage business, most of which require the Loan Officer or
So many homes for sale along with our weak dollar have foreign citizens increasing their portfolio of US properties. It is interesting that the government seems to encourage it and is even considering a new Senate bill designed solely to lure investors to buy even more.
If you’re a keen follower of those endless hearings that are conducted in the vast oak-paneled rooms of the United States Senate, you might have heard mention of a September 14, 2011 session held by the Housing, Transportation, and Community Development Subcommittee on Banking, Housing, and Urban Affairs. Among other things, witnesses stated that the US ought to prioritize the development of the Shared Appreciation Mortgage (SAM) as a way to achieve equitable and broad-based refinancing of troubled home loans.
In the wake of the ongoing real estate recession, the federal government has introduced a variety of measures designed to protect consumers and weed out unprofessional or predatory mortgage loan originators. One of these actions has been the creation of a new federal agency, the Consumer Financial Protection Bureau (CFPB).
mortgage refinancing is the best option, if you need some flexible cash. Loan refinancing is a popular term in good old days and it is the time to re-look this option.
When a homeowner is facing the possibility of foreclosure, they may be able to apply for a deed in lieu foreclosure proceeding that will keep the actual foreclosure from becoming a black eye on their credit report.
We need to educate home owners that home loan is an investment for future. Many potential home owners are postponing their decision to purchase of a home.
Many home owners are waiting for government assistance to restructure their home loans based on news, media coverage. Some are waiting for Uncle Sam to bail out.