Lenders

JP Morgan Chase Debacle Highlights Need to Safeguard American Service Members

JP Morgan Chase Debacle Highlights Need to Safeguard American Service Members

America’s service members sacrifice a great deal to keep America safe. That’s one of the reasons they enjoy some special protections against foreclosure and mortgage default More

Mortgage Definition: Party Walls

Mortgage Definition: Party Walls

Party wall agreements are important whenever a property has a wall that is shared by multiple properties.

Mortgage Definition: Safe Mortgage

Mortgage Definition: Safe Mortgage

A lender will soon be required to retain 5% of the risk on all loans that are not “qualified residential mortgages” as defined by congress.

Mortgage Definition: Agency

Mortgage Definition: Agency

When choosing a mortgage lender, there is not currently a set of laws that establish an agency relationship with your loan officer – which essentially means buyer beware when choosing a lender.

Mortgage Definition: Stability Of Income

Mortgage Definition: Stability Of Income

While there may be a wide range of things an underwriter can consider regarding the stability of income, there are a few specific things that an underwriter will look at when considering the stability of income.

Legal, Permanent, Non-Permanent..: Residency & Mortgage Lending

Legal, Permanent, Non-Permanent..: Residency & Mortgage Lending

Can a legal resident alien get an FHA mortgage? What about the people who are not legal resident aliens who currently own homes, have a fake social security card and can’t refinance?

The Other QEII (Hint, It's Not a Ship)

The Other QEII (Hint, It's Not a Ship)

Along about this time last year, there was a lot of chatter in the news and financial channels about the end of the world.  Well, okay, More

Foreclosure Moratorium – How Deep Are The Answers?

Foreclosure Moratorium – How Deep Are The Answers?

The entire capitalist system is built on one thing: capital.  Capital can be anything at all – literally – but all capital depends on one thing: More

Mortgage Definition: Subordination

Mortgage Definition: Subordination

A subordination is important because if your second mortgage lender won’t subordinate your loan, there is virutually no chance that you can refinance your first mortgage.