«I want buyers to utilize me as their go - to person on all aspects of the transaction,»
says mortgage consultant Joe Petrowsky of Manchester, CT..
Not exact matches
Legal experts
said Berkshire Hathaway's
mortgage companies were carrying out the very practices outlawed by the Fair Housing Act, a 50 - year - old law that banned racial discrimination in lending, by locating their branches in white neighborhoods, employing
mortgage consultants who - from their websites - appear to be overwhelmingly white and lending mostly to white borrowers.
The formation of the alliance shows that lenders are «very interested» in the FHA reform legislation and view the changes as «very valuable to the housing finance system,»
said mortgage banking
consultant Brian Chappelle.
If you prefer predictable payments and / or are planning to stay in your home for longer than a decade, a fixed - rate
mortgage may be better,
says Shikma Rubin, a
mortgage consultant at Tidewater Home Funding in Chesapeake, VA. «This is especially true in today's market, when interest rates are low.
Brian Chappelle, a
mortgage consultant and co-founder of Potomac Partners,
said the two settlements are reverberating through the industry.
«The servicing value of those loans is a lot higher,»
says Rick Roque, a Boston area industry
consultant who advises
mortgage - related companies on mergers, acquisitions and other types of growth strategies.
Pawlenty signed into law a bill designed to crack down on so - called foreclosure
consultants and
mortgage loan modification companies that consumer advocates
say are taking advantage of homeowners struggling to keep their homes.
FHA
mortgage lending last quarter may have topped the combined volume of government - supported Fannie Mae and Freddie Mac in a home - lending market that's still a «government - financed market,» David Stevens, the agency's head,
said today at a conference in New York, citing research by
consultant Potomac Partners.
«We opened four offices in 2014 and plan to continue our growth,»
said John Bergman, President of On Q Financial, Inc. «We are committed to developing in markets where we can provide the greatest value to borrowers,
mortgage consultants, real estate agents, and builders.
«Pick a person you trust after talking on the phone with them,»
says Matt Oliver, senior loan
consultant with the Lund
Mortgage Team in Glendale, Ariz. «You can pick one person to do the prequalification and then shop rates and fees when you get a purchase contract.»
«If they're done right, they're a way for people to help cover their
mortgage in a hard market,»
says Patrick Hare, an ADU
consultant in Cornwall, Conn..
2 Credit Score Options Homebuyers who don't have credit or whose credit file is too thin to generate a credit score have two options,
says Greg Cook,
mortgage consultant at Platinum Home Mortgage in Temecula,
mortgage consultant at Platinum Home
Mortgage in Temecula,
Mortgage in Temecula, Calif..
While many lenders haven't caught up due to antiquated computer infrastructure, startups seem too focused on the technology,
said Terry Wakefield, a
mortgage consultant who co-founded one of the first online direct lenders in 1998.
But that concern is probably overblown,
says Brian Chappelle, a Washington - based
mortgage policy
consultant.
Dan Huss, a
mortgage consultant with BNC National Bank in Scottsdale, Ariz.,
says buyers often call a REALTOR ® first and then the Realtor ® refers them to a
mortgage person.
Wells Fargo took it a step further and also
said it plans to increase the number of Hispanic home
mortgage consultants on its sales team.
Roland Macias, a senior loan
consultant specializing in energy efficiency
mortgages at imortgage.com in Cerritos, Calif.,
said he sees often agents getting leads based on their green expertise.