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Update on H.R. 1728: Mortgage Reform and Anti-Predatory Lending Act
H.R. 1728 has left the House Financial Services Community and is headed to the floor of the House of Representatives, next week. Several in the mortgage industry are cautioning the impacts it will have on the mortgage lending:
In testimony Thursday before [...]
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Did you know that the mortgage industry that you operate in is literally shifting beneath your feet? Your business plan (hopefully you have one) is literally built on sand.
There is an enormous amount of government action taking place–legislation that will directly impact your mortgage business and how you serve home [...]
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Ever wonder why the government and consumers never saw the mortgage meltdown coming? Meanwhile, experienced mortgage bankers like Bill Dallas were closing up shop (Ownit Mortgage-December 7, 2006). As it was in late 2006, sometimes the nuances and intricacies of how mortgages are actually financed can escape the comprehension of consumers, media, politicians, [...]
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It has been awhile since I directly originated, but I know how important getting your “rate lock” strategy right. It is important to you and your customer, but so many mortgage brokers and lenders don’t have any strategy. That is like playing the slots in Vegas with your money, as well as the [...]
It’s great to be part of a community not loaded with headline hysterics and Fed-watching freaks — a bunch who understands the mortgage market. Robert, I particularly liked your columns about ARM fixing and mortgage idiots. Too many mortgage “professionals” out there sell first and think later. And use the media to whip the poor [...]
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