Hi Friends!
This is your Hard Money Lender in Tucson and the Southern Arizona area, Billy A with more Nationwide Mortgage news from my friend Herman Thordsen (www.lendinglaw.com).
Here are some of the headlines:
1. Real estate salespersons selling real estate can be considered Mortgage Loan Originators under certain conditions. Read and learn how.
2. The 3% rule that goes into effect on January 10, 2014 for loan originators can be affected by PMI if it exceeds FHA costs.
3. If you advertise HARP 2.0 interest rates be sure to give the income tax warning.
4. A reminder of the home owners bill or rights and foreclosure procedures.
5. Connecticut resident gets 37 months in federal prison for mortgage fraud.
6. Florida Lender Processing Service Inc to pay $35 million for over 1 million fraudulently signed and notarized mortgage related documents.
7. Pennsylvania broker and loan officers sentenced for mortgage fraud. One gets 6 years.
8. March 20 in Sacramento, I will be speaking on DRE audits and how to manage them to stay out of trouble with the DRE. Contact Sacramento CAMP and Anthony Lombardo for reservations.
Click Here to download a free copy of the full report.
That’s it for this time! Make it another great day!
Your Hard Money Lender in Tucson and Southern Arizona,
Billy A
P.S. I want to be your favorite Hard Money Lender in Tucson and Southern Arizona, so please don’t keep me a secret! If you, your friends or family need help with funding, I’d be happy to give them free information without any obligation. Please give me a call at:
(520) 299-4878!