Changes
Updated Oct. 9, 2013
I continue to hear rumors about rumors of large established correspondent investors possibly questioning their practice of buying closed loans from smaller lenders who are also buying loans through newly established correspondent channels. Is this true, and will it impact the market for us little guys?" As...

Team Work
Updated Oct. 9, 2013
Premier Mortgage Consultants. www.FloridaLowestRates.com. It is easy for originators to focus on daily rate sheets, mostly determined by what the MBS market is doing. But sometimes it helps to be reminded that on the investor side, fixed-income money managers have other alternatives to buy such as Treasury...

Back At It Again
Updated Oct. 9, 2013
"My wife has been missing a week now. Police said to prepare for the worst. So I have been to the thrift shop to get all her clothes back." In preparing for the worst, what is worse for mortgage banking, indecision or a bad decision? Anytime something crosses the airwaves from the Board of Governors of the Federal...

Taylor Bean Executive Gets 30yrs
Updated Oct. 9, 2013
www.Floridalowestrates.com. An executive convicted of orchestrating a nearly $3 billion fraud as chairman of one of America's largest private mortgage companies was sentenced Thursday to 30 years in prison by a judge who accused him of lacking remorse.The case against Lee B. Farkas, former chairman of...

FHA Breaking News
Updated Oct. 9, 2013
FHA Breaking News. www.Floridalowestrates.com. President Obama announced changes to FHA today.. While we prepare for these and will have additional info coming out, we wanted to make sure you had the basics NOW in case you or your clients had questions. The changes are as follow:. April 9, 2012 - All FHA Loans. oThe...

Proof Of Social Security Income
Updated Oct. 24, 2014
Proof of Social Security Income. www.floridalowestrates.com. If you need proof that your borrower is receiving income and/or services from Social Security, the borrower can request a "Proof of Income" letter at https://secure.ssa.gov/apps6z/BEVE/main.html web site. This is sometimes called a "benefits...