http://newschannelmortgage.com Thu, 28 Aug 2008 23:09:57 +0000 http://backend.userland.com/rss092 en It is odd how anonymous the site looks…like no one wants to take credit for it. Why not say “sponsored by…blah blah”…are they concerned that it would discredit the site or their message? Home buying is a very personal choice. It’s the right time for some and for ... http://newschannelmortgage.com/2008/08/29/comment-on-righttimetobuyorg-by-rhonda-porter/ Sierra, what do you think is a fair fee for a LO to receive for assisting with a modification if a home owner can contact a HUD counselor and have it done for free? http://newschannelmortgage.com/2008/08/29/comment-on-predatory-upfront-loan-modification-fees-by-rhonda-porter-9/ I've been providing more and more FHA loans over conforming lately.  It's really not too surprising.  FHA pricing has been very competitive with both rates and mortgage insurance--especially if your credit score is below 740 and if you don't have 20% for a down payment.   FHA mortgages can go up ... http://newschannelmortgage.com/2008/08/29/mortgage-du-jour-fha/ I’m a mortgage pro, w/ 10 years real estate experience, a RE Broker License and am a CMPS and have spent the last month trying to figure this out because people are coming to me who need help. I have talked to at least 10 firms who do the ... http://newschannelmortgage.com/2008/08/29/comment-on-predatory-upfront-loan-modification-fees-by-sierra/ Nice article. I would think that “desperate times call for desperate actions” might be applicable here. Most consumers are not capable of working out their own loan modification and the lenders are not staffed to work it out on their own. I think for the next two or more years, ... http://newschannelmortgage.com/2008/08/29/comment-on-predatory-upfront-loan-modification-fees-by-joe-manausa-tallahassee-real-estate/ Thanks, Roger. Yah…some folks who were comfortable with their ARMS at the creation of their mortgage are now not. And some have had “life” pop up to cause them to change the plans they had when the mortgage was originated. http://newschannelmortgage.com/2008/08/28/comment-on-reviewing-your-adjustable-rate-mortgage-by-rhonda-porter-3/ [...] and reconstructs them into a pseudo 3D world. More images = better tour.  An agent could take 400 photos in a house and instead of virtual tours, users can walk themselves through the [...] http://newschannelmortgage.com/2008/08/28/comment-on-photo-synth-will-change-real-estate-by-photosynth-is-it-the-newest-trend-in-real-estate/ My problem with the site is it should say “this is a paid site sponsored by” builders…or real estate companies…or whomever is paying for it that DOES stand to gain by people thinking it is “THE right time to buy. They shouldn’t be pretending it is paid for by ... http://newschannelmortgage.com/2008/08/28/comment-on-righttimetobuyorg-by-ardell-3/ Nice job Rhonda. I have conversations with borrowers like this several times a week. Some folks that have an adjustment coming soon, into a favorable rate ARE choosing to refi, in anticipation of higher rates down the road, while some are standing pat, and enjoying their low payment. Most importantly, it ... http://newschannelmortgage.com/2008/08/28/comment-on-reviewing-your-adjustable-rate-mortgage-by-roger-ingalls/ I just recently heard about the National Mortgage Licensing System (NMLS) and cannot believe that state regulators are finally taking a step in the right direction.  NMLS started in January 2008 with seven states and has since added seven more.  The idea is to streamline mortgage broker and lender licensing ... http://newschannelmortgage.com/2008/08/28/universal-licensing/