There have been a lot of false reports about the mortgage industry with respect to loan qualifying. The word on the street is that it is very difficult to obtain home loans. However the main change is that we are “back to basics” as far as loan qualifying goes…back to documenting income and assets. And, [...]

Filed under: Legislation, Mortgages by admin
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Wow! Now that is a mouthful. I am going to attempt to give you a brief summary of how this bill affects your next mortgage or the world of mortgages. This bill does the following: Establishes a Consumer Financial Protection Bureau (CFPB) – this new Agency will have broad authority to write rules that affect [...]

Filed under: Interest rates, Legislation, Mortgages by admin
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