Tag Archives: respa

A Must Read Guest Column on the New GFE and Elimination of YSP

Here’s a well articulated email I received today from mortgage professional Jon Bodan of The Perpetual.  I think we should all read, discuss, distribute and act upon it:
This is insane!!!  (MG notes:  This link was provided on LoanToolBox forum courtesy of Jim Sahnger.  You’ll find what Jon’s referring to on p. 43240 and 43241).
You need to send this to [...]

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back-up loans and double-locks

The subject of back-up loans came in a Google alert this morning and since I’m wearing my special RESPA reform hat lately, it played through my mind as yet another problem solved by the proposed reform.
[As an aside Todd has me all freaked out about scarfing pics on the web so just for Todd, I [...]

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I lifted this pic from Bloodhound because….

It reminded me that I have always used scripts. I don’t know a professional who hasn’t developed a script that you can eventually say in your sleep for major portions of your presentations. The trick is to adapt and adjust the script ever so slightly for the unique characteristics of the transaction. [...]

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