Category Archives: mortgage lending

Has anyone ever used an online mortgage site like Lending Tree/Lower My Bills?

Has anyone ever used an online mortgage site like Lending Tree/Lower My Bills? Are they trustworthy or are they a scam and why? Thanks! They are OK, except you are relying on a company to recommend a lender to you. The problem is that the company gets paid for each referral they sell your information [...]

Do I need to register a home based business in NYC (for mortgage lending and translations? What requirements?

don’t you wonder why people not answering your question. look around and see what type of question has so many answer. with so much expert here none is answering your very legit biz. sorry i don’t have any expertise in that area. just stop by because i just wondering thing. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-lending%2Fdo-i-need-to-register-a-home-based-business-in-nyc-for-mortgage-lending-and-translations-what-requirements’; addthis_title = [...]

Is countrywide a good mortgage lending company?

I used them and they were great. I was a first time buyer, I got 100% financing and sellers assistance (my closing cost were in the actual loan) so I went to closing with no money. I got 6.25% fixed rate. They were really good to me, but I also bought right before the bottom [...]

I want to get into mortgage lending!?

I’m interested in starting a career in lending, such as a loan processor or underwriter. I have some terminology and some college business classes, but no professional experience. I would like to work for a realtory, mortgage company or bank. Any advice on how to get my foot in the door? Naturely you will have [...]

Whats wrong with our countrys mortgage lending industry?

Apprasals that are opinions and summerys of outdated sales? Lenders use a number from incorrect credit reporting agencys? Not verifing most items in loan applications? Lenders are lazy and now want our US and state goverments to bail them out of the mess they made themselves? Lenders need to fix the problems they create? I [...]

Are most banks handling the mortgage lending problem well?

Some are, some are still tighter than a ticks behind. But the market should start to get better once some of our debt is paid up. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-lending%2Fare-most-banks-handling-the-mortgage-lending-problem-well’; addthis_title = ‘Are+most+banks+handling+the+mortgage+lending+problem+well%3F’; addthis_pub = ”;

I heard that in a number of cities / regions around the world, you can get a 1.6% mortgage lending rate if you

use Yen. Places like Toronto, Calgary, Hawaii, Spain, Quebec, Bermuda etc… Why would this be? Certain places want to up thier Yen reserves? It’s essentially currency speculation … addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-lending%2Fi-heard-that-in-a-number-of-cities-regions-around-the-world-you-can-get-a-1-6-mortgage-lending-rate-if-you’; addthis_title = ‘I+heard+that+in+a+number+of+cities+%2F+regions+around+the+world%2C+you+can+get+a+1.6%25+mortgage+lending+rate+if+you’; addthis_pub = ”;

Did predatory mortgage lending evolve from ARMs and new anti-redlining laws?

Red lining by banks were considered racists and banks seem to have responded to bring on the present economic diaster. Pfo, sorry, but obviously do not have a clue about these matters. Have a good day. Clinton created this mess. He created the market and the banks responded. Remember, "Affordable housing for everyone". Well there [...]

How hard is it to get a Mortgage because of Subprime Lending issues?

I am looking to purchase my first home in the summer with my brother. We both make very good salaries, but we’re trying to steer towards an 80/20 loan. I was figuring an interest rate somewehere in the 6.5%/8.25% area for the 80/20 respectively. Also, we will both be below the 28% PITI threshold, and [...]

If I have a mortgage with a lending company and that company goes out of business, do i need to pay it back?

What happens? Do i get off free? Who do i pay my mortgage too? Yup, it would be great if you didn’t have to pay, but you do. Agree with all the posters that your loan has either already been sold or will be sold to another lender and/or servicer or has been pledged as [...]