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The mortgage piece of the rock. (Prudential Home Mortgage Company Inc.) (Cover Story): An article from: Mortgage Banking
Book (Mortgage Bankers Association of America)
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The Home Mortgage Book: Insider Information Your Banker & Broker Don't Want You to Know
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home mortgage company FAQ
in terms of competitive rates, your bank is limited to the loans that are in the bank, as opposed to a mortgage company who will have thousands of options to fund your loan.
The pro's of a local bank are the personal contact and you can
Unfortunately, it probably isn't going to happen. If you can find a loan not based on credit score, you are still going to have to obtain PMI, which is based on credit score. It is my understanding that you need a good credit score to even qualify for
Contact a mortgage broker. they are very well educated as to what lenders are the best for each type of situation. I work for a sub-prime lender named New Century Mortgage. There are many out there such as Long Beach Mortgage, Countrywide has a sub-prime
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How I Got My Reverse Mortgage Start: Megen Lawler, Bay Docs Inc.
Megen Lawler saw the need for a reverse mortgage-focused documents preparation company back in 1994. Eighteen years later, she is the CEO and president of Bay Docs, Inc. , the company she founded to fill that void. In her time in the business, Lawler has worked with lenders large and small, new—and not so new. From her Bay Area California home base, Lawler sat down for a call with RMD to tell us what got her hyped on the HECM in the first place, and why she’s still here in this business almost 20 years later.
Source: Reverse Mortgage Daily
Massachusetts Home Seizures Threatened in Loan Case: Mortgages
Feb. 21 (Bloomberg) -- The highest court in Massachusetts is poised to rule as soon as this month on a foreclosure case that could lead to a surge in claims from home owners seeking to overturn seizures.
The justices are deciding whether to uphold a lower court ruling that gave a Boston home back to Henrietta Eaton after Sam Levine, a 25-year-old Harvard Law School student, argued in front of the nation’s oldest appellate court that the loan servicer made mistakes when it foreclosed because it didn’t hold the note proving she was obliged to pay the mortgage.
Source: BusinessWeek