By roborg on March 10, 2008
So here’s some interesting news, dear readers. News that will absolutely piss off most mortgage brokers. New York Attorney General Andrew M. Cuomo, with just a simple threat of a lawsuit, got Freddie Mac and Fannie Mae to agree to never again purchase a single loan from lenders that refuse to meet new appraisal standards [...]
Posted in Develop Your Skill
By roborg on March 2, 2008
It happens every day of the week. A borrower is told by their mortgage officer that the interest rate for their new mortgage will be higher than usual. The reason? The borrower is seeking financing for an investment, or rental, property. The increase in rate seems significant so the borrower inquires about it. The loan [...]
Posted in Develop Your Skill
