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Mortgage, Residential

Bond Amount Changes for Consumer Loan Companies in Washington

By Todd Bryant | March 21, 2017
As of January 1, 2018 consumer loan companies originating and servicing residential mortgage loans and non-residential loans in Washington will need to comply with new surety bond requirements.
Home Buying, Mortgage

Are Closing Cost Too High for Mortgage Hunters?

By Brian Kline | January 10, 2017
Significant variation in closing costs is a major part of the process when considering which lender a homebuyer should go with. Often, mortgage buyers only consider which company will prequalify
Mortgage

Second Mortgage Delinquencies are Going Up

By Brian Kline | July 21, 2016
Part of the lingering effects of the Great Recession are second mortgages that were taken out at the height of home mortgages. Most second mortgages are for ten years and these are coming due in full right about now. The year 2005 saw approximately 850,000 seconds taken out followed by about 1.5 million in both […]
Brokerage, Mortgage

How Business Lending Solutions Can Help Your Independent Real Estate Brokerage Firm Keep the Lights On

By Al Twitty | June 28, 2016
The real estate world is changing. In a July 2015 Washington Post article, real estate agents from across the country identified some of the biggest challenges that the industry is currently facing. Several experts pointed out that the real estate brokerage world is flooded with "untrained" or "unethical" agents. This trend hurts the industry as […]
Mortgage

Pros, Cons, and Myths About Reverse Mortgages

By Brian Kline | May 23, 2016
As the 77 million baby boomers enter retirement at a rate of 10,000 per day, the reverse mortgage marketplace is potentially worth $1.9 trillion according to the Consumer Financial Protection Bureau, of which only about 10% has been penetrated to date. While this mortgage product has been around for years, it's affect on real estate […]
Home Buying

National Debt Relief Talks About Buying A House

By Press Release | May 15, 2016
Los Angeles-Long Beach, CA (PRWEB) May 15, 2016 National Debt Relief recently shared in an article published April 7, 2016 some pointers consumers can look into to help assess if they are qualified for a house loan. The article titled “4 Signs You Are Not Financially Fit To Buy A House” helps people understand if […]
Mortgage, US Real Estate

New Mortgage Loan Disclosure Rules Have Rough Beginning

By Brian Kline | November 14, 2015
New mortgage disclosure rules that were slated to come into effect in August were postponed until early October because the industry wasn't ready. The rules did take effect in early October. As we enter the middle of November, mortgages written in early October are beginning to close. The biggest change is the “Know Before You […]
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