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Must I Be Licensed In Texas As A Mortgage Broker (Commercial) If I Charge A Fee For Arranging Financing?

Question by XYZ 2400 | Posted in Renting & Real Estate

As opposed to of charging a broker fee could I call it a "Finders Fee" or a "Consulting Fee"? I toil for a Mortgage Banker but am contemplating starting my own shop as I have developed some relationships over the years. I am not

Answer: if you consult on rates, fees, or review income documentation with a patient.....you must have a license

 
 

Is There Any Mortgage Brokers Or Bankers That Will Provide Training For Loan Processing?

Question by Chilling in DFW | Posted in Renting & Real Estate

I shortage to get into the mortgage business. I have Point software (5.3) and have been working with it quotidian. I don't know any mortgage brokers or bankers that will take anyone without experience. Is it possible to find one in the Keller/Wautaga

 
 

Did You See That Texas Flood Documentary??? Bush Made The Investment Bankers $40B By Changing The Flood Plane?

Question by ShortBus 43 | Posted in Politics

So Bush was at it when he was Governor. Allowing Developers to construct thousands of homes in flood planes.

It gaurenteed thousands of homeowners would bow to their home and be forced to take a second mortgage to rebuild.

Answer: GWB is forefront completely of a crime family. Everything he does is to enrich either himself or one of his cronies or both. And, yes, he has been bilking the social for many many years. This little incident shows precisely how much he cares about

 
 

Should Unelected Bureaucrats Determine If We Getcredit Cards& Home Mortgages & Whether We're Allowed ATM Cards?

Question by DAR | Posted in Politics

http://www.google.com/hostednews/ap/arti cle/ALeqM5g7ffRdswXTlfgaQS0FCOZmrvbwcAD9 9L3JQO1

"Sheila Bair, chairwoman of the Federal Lay Insurance Corporation, suggested that the new agency be allowed to forgive rules that protect consumers,

Answer: I recollect Thomas Jefferson said it best...

The care of every man's anima belongs to himself. But what if he neglect the care of it? Well what if he neglect the care of his condition or his estate, which would more nearly relate to the

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Quicken Loans Home Buying - Jesse Kernc Mortgage Banker

Vivify Loans client from Texas discusses how Quicken Loans helped her next of kin purchase their second home. When their original bank couldn't ...

Texas Mortgage Bankers Told Document Demands Hold Up HAMP ...

by AUSTIN KILGORE

The problems associated with collecting documents to achieve a Making Peaceful Affordable Modification Program (HAMP) workout aren’t typically a import of borrower deception, but rather the effect of the genre of jobs borrowers have and how they generate revenues, according to an subsidiary combined judgement at North Texas-based Saxon Mortgage Services .

Speaking at a Texas Mortgage Bankers Associatio n (TMBA) servicing seminar, Jodi Blanton said homeowner deceit is not the investment rationality for documentation shortfalls, and even with undone receipts documentation, a servicer can compensate for an up to date judgment as to whether a borrower to attempting to assure defrauder.

Borrowers who trade jobs where they get paid in lolly — waiters, babysitters, landscapers and the like — or borrowers who are receiving ease from relations members to pay their mortgage can’t cause the documentation to ideal the modification.

Consideration the missing documentation, the customers pursue to pay, Blanton said. Saxon’s servicing post is comprised essentially of subprime mortgages. Of those borrowers needing succour that are proper for HAMP, 12,000 to 13,000 are missing documentation borrowers, but 80% of those are making their new monthly payments.

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