Posts Tagged ‘HUD’

The HUD RESPA Q&A a Must Read

Have you read the Q&A that HUD published on RESPA? Most people in the mortgage industry seem to have missed this must read document. Seller Paid Items, Denial, Change of Circumstance, Important Dates, Escrow Account Information, Loan Summary, among other topics. The document answers questions like; Can items be listed as POC on the GFE? […]

Mortgage Net Branch and New HUD Rules

The title for this post should be “Are the people at  HUD out of their fracking minds?” HUD has extended the deadline for correspondent lenders (mortgage brokers) to provided their audited financials. The big problem is that the extension period is useless. It’s a 30 day extension. Since HUD has a proposed rule change in […]

Big Changes for Mortgage Net Branch Managers in 2010 – Part 1

The new year brings in big changes for mortgage net branch managers. 2010 will see some of most sweeping changes in our industry. If you are consider joining a mortgage company that offers a net branch opportunity you should be considering these changes before you decide on which company to join. Big Net Worth Change […]

Taylor, Bean and Whitaker -12th largest mortgage lender loses FHA approval.

*** Update – TB&W has closed down mortgage operations!! Taylor, Bean and Whitaker -12th largest mortgage lender loses FHA approval. Taylor, Bean, and Whitaker was one the country’s top wholesale lenders serving 100’s of small mortgage shops across the country. TB&W has 30 days to appeal the suspension but few have won an appeal and […]

Credit Repair and Loan Modification – Good or Bad For Net Branch?

Credit Repair and Loan Modification – Good or Bad For Net Branch Loan Officers? I have noticed that there are several “side businesses” trying to recruit loan officers. By “side businesses” I mean companies that offer services like credit repair or loan modification. My in-box is full of offers and I see recruiting ads everywhere. […]