Home mortgage broker Ed Smith Jr. has been arranging home loans for 24 years - and it’s never been tougher for him to close a deal than during the past few weeks of turmoil.
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… follow this advice:
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This week’s featured story from Broker Magazine focuses on a round table of home mortgage brokers. They discussed the state of the subprime mortgage market. Let’s listen in…
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With their industry under fire, thousands of mortgage brokers in the United States continue to operate - only now under greater suspicion.
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Rising foreclosures and the near-collapse of the Texas home loan market for those with bad credit triggered a flood of proposals from lawmakers during the past legislative session.
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Would-be mortgage brokers in Florida need little more than a weekend course to qualify for a license.
And loan officers, who originate loans for mortgage lenders and banks, need no license at all.
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Ding! Ding!
Home mortgage brokers and lenders may be headed for a showdown.
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Only a low credit score stood between Alipio Estruch and a mortgage to buy a $449,000 Spanish-style house in Weston, Fla., a few miles west of Fort Lauderdale.
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The eye-popping Colorado mortgage foreclosure rate remains on the rise, but Gov. Bill Ritter signed five bills into law Friday that he thinks will keep more people in their homes.
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Mortgage brokers and lenders concerned about a regulatory backlash by state officials are warning that weightier rules may force them to turn their backs on many consumers.
But their threats may be empty.
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