I always advise my clients to lock in their interest rate at the earliest opportunity. Gambling with a client's interest rate is never advisable. In my business, I have a standardized system in place that we adhere to for all of our clientele.A mortgage loan cannot be closed without locking in a
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12/02/2007
Countrywide Leads the Way H.O.M.E.Countrywide's H.O.M.E. (Home Ownership Mortgage Education) is a comprehensive consumer financial education program designed to help individuals make more informed financial decisions, and to arm them with the knowledge they need to achieve home ownership. H.O.M.E
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12/02/2007
The issue of being able to cancel mortgage insurance comes down to one issue: when was the loan originated? As mentioned in previous sections, loans written on July 29, 1999 or later are covered by the Homeowner's Protection Act of 1997. Loans originated prior to that date are dependent upon t
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12/02/2007
In a speech in Charlotte, North Carolina, on Thursday night, Ben Bernanke, the chairman of the Fed, acknowledged that "the combination of higher gas prices, the weak housing market, tighter credit conditions, and declines in stock prices seems likely to create some headwinds for the consumer in t
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12/02/2007
Treasury Secretatry Henry Paulson and the nation's big financial institutions are working out a voluntary plan to temporarily freeze interest rates on mortgages to subprime borrowers, according to several reports this morning. The effort is aimed at slowing the growing wave of foreclosures while
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12/02/2007
So how does one define ethics in a complicated industry where divided loyalty is the rule rather than the exception? When you have an obligation to the client to get the best loan, and obligation to the Realtor to do your best to close on time, an obligation to your firm to bring in good business
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12/02/2007
