Earlier this month, the House of Representatives passed a bill to kill the FHA short refinance program. For someone who’s personally tried to assist a client in qualifying for this, I tend to agree with this movement. The concept of the program is good and it may be true that principal reduction is required to prevent some [...]
|
The Federal Housing Finance Agency announced that the Making Home Affordable Refinance Program has been extended until June 30th, 2012. This is great news for homeowners and the housing market. Lender guidelines and participation have steadily grown since HARP’s inception. Many homeowners don’t know of the program and need this extra time to refinance their [...] As more foreclosures affect our housing market, the more HUD Homes we’ll see listed for sale. HUD (US Department of Housing and Urban Development) Homes are homes that were foreclosed with a FHA loan on the property. These homes often offer special financing options, such as special FHA loans with as little as $100 down. [...] When I began this career, I never envisioned doing business in states outside of Washington. Since I work almost exclusively from referrals, I never imagined growing my referrals to other states. In the past year, I’ve received requests from many consumers to help them with their mortgage. After multiple requests, I decided to commit [...] For years, it has been standard for a mortgage company to request an IRS 4506-T request from their clients. This form allows the mortgage company to order the consumers tax transcripts with the consumers consent. Lenders would keep these forms in closed loan files in the event a transcript would be needed. Lenders did not [...] |
Keane Loans is a Division of Cobalt Mortgage |
|
COBALT POLICIES
© 2010, Cobalt Mortgage, Inc., 11255 Kirkland Way, Suite 100, Kirkland, WA 98033. Toll Free: (877) 220-4663; Fax: (425) 605-3199. NMLS Unique Identifier: 35653. Arizona MNortgage Banker License #0 909801. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Idaho Mortgage Broker/Lender License # MBL-5220. New Mexico Mortgage Loan Company License # 03587. Oregon Mortgage Lender License #ML-2991. Washington Consumer Loan License #520-CL-48866. NMLS Unique ID: 115042, WA Lic. No.: MLO-115042, CA Lic. No.: CA-DOC115042 |
|
Comments