Archive for the ‘all state lending’ Category

The LIBOR index is rising fast… Refinance opportunity for net branch

The LIBOR index is rising fast… Refinance opportunity for net branch the LIBOR rate has spiked in recent weeks. What is the LIBOR and why is something your clients should be concerned about? From a report on Bloomberg this week.. “The overnight Libor rate in U.S. dollars soared 3.33 percentage points to 6.44 percent today, […]

Mortgage Banks, Net Branch, and FHA Nationwide

I have seen an increase in net branch recruiters working for affiliates of Federal Savings Banks stating that you can originate FHA loan nationwide from any location. I have yet to see one of these banks named in any marketing information. They use the F.S.B.’s exemption from state licensing laws as the basis for this […]

Originate in other states – part 2

In the first post on this topic I mentioned that some net branch companies are promoting a system where you can get around the “other” states licensing requirements to originate and still get paid. I learned about this from a prospective branch manager when I asked if she was considering other companies. I asked what […]