Our credit report says a LOT about us, and it's going to say even more in the very near future. In her article published in this month's OCMetro, Elaine Murphy says CoreLogic, a provider of business services and information, has announced a new CoreScore Credit Report. The company says the new report will add valuable data to borrowers’
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DO YOU KNOW...?
What HOEPA stands for?
What Federal Regulation it amended and how?
Why Section 32 loans are called Section 32 loans?
What type of loans they usually are?
What sets these loans apart from others?
What additional disclosures are necessary to provide the borrower?
What terms are prohibited in these lo
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The SAFE Act requires state-licensed mortgage loan originators complete 8 hours of continuing education each year. Some states have additional education requirements (see the State-Specific Education Requirements Chart).
According to NMLS, "So far in 2011, MLOs have completed 270,471 hours of continuing education (CE). Roughly 40% of the esti
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All it took was a little research. I just hadn't had the chance to get my head around what it meant to "securitize a mortgage loan." Now that I have a better understanding, I figure others might appreciate reading about the securitization process followed by GNMA, FNMA or the FHLMC, in laypersons' terms:
When a mortgage
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