Recently added articles from Broker Magazine:
PRODUCT: Zero Tolerance for Zero Down; But have we truly seen the end of 100% financing? The industry has differing opinions.(Features)(Federal National Mortgage Association)
Dec 01, 2008; ... Byline: Amila Dymi In the U.S. and elsewhere in the world, lenders prefer to avoid the risk associated with 100% financing or no down payment loans. Most are not willing to add down payment assistance risk to the overall default and foreclosure risk already looming over the ...
Dear Joel; Industry expert Joel Pate will be happy to answer your most pressing marketing questions each month in the Dear Joel column.(Advice)(Column)
Dec 01, 2008 ... I don't know how I am going to make it in the mortgage business with all of these lenders going broke and eliminating broker relationships. Do you have any advice? Yes. Imagine yourself on a desert island. Imagine that the only assets you have are the ones that you have in your ...
PROFILE: Women at the Top; Karen Deis has written a book examining what makes up a successful woman mortgage originator and why women are attracted to the business. Karen Deis has written a book examining what makes up a successful woman mortgage originator and why women are attracted to the business.(Features)
Dec 01, 2008 ... Byline: Brad Finkelstein One of the more unusual aspects of the mortgage broker industry is its seeming lack of barriers. Because of its relative youth and entrepreneurial nature, a large number of groups outside the white male dominated world of banking have seen members ...
Zero Tolerance on Mortgage Fraud.(Cover Story)(Conference notes)
Dec 01, 2008 ... Byline: James Comtois Lenders need to go back to the basics to catch origination fraud, said one expert during the SourceMedia Mortgage Fraud Conference in Las Vegas. Several speakers declared there must be a "zero tolerance" policy in place as the cornerstone. With ...
Getting Stricter; Fannie Mae has new rules for conversions of residences to investment property.(Marketing Maven)(Federal National Mortgage Association)
Dec 01, 2008; ... Byline: Kim Payne It used to be easy to retain the old residence when your borrower wanted to move up to something bigger and better. Retaining that residence can make lots of sense. This is often the first venture into the world of owning investment property and becoming a ...