Midwest Mortgage Matters...

We have all seen advertisements in newspapers, on TV, and on the Internet.  You hear them on the radio, get fliers in the mail and you may even get calls from telemarketers offering credit repair services. They all make similar claims: "Repair your Credit...No problem!" "Erase your bad credit -- ...

What is the best home loan?  If you are uncertain about what the best home loan is many people will offer their opinion to help you decide.  Friends, neighbors, co-workers and relatives will all offer different advice and help point out how to get it.  Real estate professionals and loan originato...

My company offers its originators ongoing advice on Mortgage Fraud Prevention. Here is detailed information on some of the various schemes prevalent in the real estate industry today that may benefit everybody.  Many of the six schemes identified below have been around in some form or another and...

The Illinois Legislature's recent attempt to curb predatory lending practices, HB4050, was suspended after only five months.On 1/19/07 the Secretary of the Illinois Department of Financial and Professional Regulation issued a directive canceling the Predatory Lending Database Pilot Program.  The ...

There have been a number of recent posts that examine the relationship of Real Estate Agents who also perform mortgage origination duties.  I offered a detailed look at two legal interpretations in Realtor Loan Origination/Referral Compensation... and New York Broker Associate William Collins dis...

Eric Reeber provided an excellent topic in his recent Real Estate Blog - Mortgage Companies partnering up with Realtors... Legally? Or not? (Part 1) that produced a number of interesting comments.  One the comments debated, Realtor Loan Origination/Referral Compensation, requires further examinat...

What Realtors want...I am looking forward to implementing a marketing plan to establish new relationships with Realtors for 2007.  Since the refinance boom is over I decided to research what Realtors want from mortgage providers.  I've gathered coupons for discounted food and beverages and stocke...

Recently I read a terrific mortgage post about "Loan Surprises On Or Before Closing Should Not Happen" by George Souto from 11/28/06 when I found myself involved in a similar scenario.  My situation involved a recent refinance with last minute problems while George's post focused on closing issue...