Christopher Shearer FHA Lender Approval Types Nonsupervised Loan Correspondent: This is the only type of approval mortgage brokers can apply for and allows them to originate Title II single family loans and/or Title I loans. Correspondent lenders and mortgage lenders who only want to originate s
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03/19/2009
Christopher Shearer WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING FEDERAL HOUSING COMMISSIONER Effective for case number assignments on or after April 1, 2009, the loan-to-value (LTV) of Any cash-out refinance to be insured by FHA may not exceed 85 percent of the appraiser's est
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03/18/2009
Christopher Shearer U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSING FEDERAL HOUSING COMMISSIONER www.hud.gov espanol.hud.gov March 12, 2009 MORTGAGEE LETTER 2009-08 TO: ALL APPROVED MORTGAGEES SUBJECT: Limits on Cash-Out Refinances
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03/17/2009
Christopher Shearer Get Inside the Mind of the Consumer: Websites Every REALTOR® Needs to Know Studies indicate that over 80% of today's home buyers visit the Internet long before seeking the professional assistance of a REALTOR®. This means that, thanks to popular realty-themed websites that c
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03/12/2009
Christopher Shearer ACCEPTABLE PROPERTY TYPESBORROWER ELIGIBILITYELIGIBLE IMPROVEMENTSPROGRAM QUESTIONS LENDER QUESTIONS ACCEPTABLE PROPERTY TYPES Does the rehabilitation construction have to comply with HUD's Minimum Property Standards? Yes. The improvements must comply with HUD's Minimum Proper
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03/10/2009
Christopher Shearer More info: www.ftc.gov Do It Yourself Federal and State laws allow you to dispute inaccurate items on your credit report by yourself. In order to repair your own credit you need to get a copy of your credit report. You should see links to credit report offers on the left sid
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03/10/2009
Christopher Shearer More info: www.ftc.gov For People on Debt Management Plans: A Must-Do List Reputable credit counseling organizations employ counselors who are certified and trained in consumer credit, money and debt management, and budgeting. Those organizations that are nonprofit have a lega
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03/08/2009
christopher shearer For Release: January 21, 2009 FTC Says Mortgage Broker Broke Data Security Laws: Dumpster Wrong Place for Consumers' Personal Information The Federal Trade Commission has charged a mortgage broker with discarding consumers' tax returns, credit reports, and other sensitive pers
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03/08/2009
christopher shearer Fair Credit Reporting Act from Federal Trade Commission From www.ftc.gov Major Links The Fair Credit Reporting Act (as amended June 3, 2008) [PDF] The Fair and Accurate Credit Transactions Act of 2003 (PL 108-159, 12/04/03) [PDF] Educational Material A collection of publicatio
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03/08/2009
christopher Shearer Individual identity protection The acquisition of personal identifiers is made possible through serious breaches of privacy. For consumers, this is usually due to personal naiveté about who they provide their information to. In some cases the criminal obtains documents or pers
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03/07/2009
