Forum Replies Created

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    Bailey

    Member
    March 16, 2024 at 2:36 pm in reply to: Can I Get Home Loan With a Prior 120 Day Late Mortgage Payment

    Yes, @Lilboss that is true. Inflation is skyrocketing to 30 year highs, mortgage rates are surging and went up from 3.0% two years ago and now is 7.5%, home prices have gone up 50% or more in many parts of the country so many homebuyers are priced out of the housing market, grocery prices are double and triple of what they were, the media is lying, Big Mac meals are $18.00, the coronavirus outbreak is a sham and a mean of depopulation, Biden is lying, and old bag Janet Yellen is lying and kissing Joe Biden’s ass. Never before has the U.S. economy been so worse off than it is now. People are losing their jobs, many cannot afford their housing payments and utilities, $100,000 salary per year used to be high income but you can barely get by with a six figure income. Most Americans live paycheck to paycheck, credit card companies are lowering the credit limits of consumers. Bankruptcy and Foreclosure will skyrocket and maybe worse than the 2008 financial crisis.

    https://www.youtube.com/watch?v=l-QYJABHg18

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    Bailey

    Member
    March 16, 2024 at 2:26 pm in reply to: Lucky Chen Chinese Restaurant Paddock Lake

    Lucky Chen Chinese Restaurant in Salem, Wisconsin has the best sweet and sour mushroom soup. Mark Chen makes great sweet and sour mushroom soup with lots of vegetables and the soup is thick.

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    Bailey

    Member
    March 16, 2024 at 2:18 pm in reply to: UTAH PLM EXAM

    If a person, let’s call him John Doe, is the control person for a mortgage company that has recently filed for bankruptcy and is going out of business. John Doe, the control person will be in charge of maintaining and destroying the records of the company. In Utah, all mortgage loan related records must be maintained for a minimum of four years.

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    Bailey

    Member
    February 13, 2024 at 4:51 am in reply to: James Strebel of REO Foreclosure Services

    Can James get us inventory from the banks his company represents and what states are foreclosure properties available if they are.

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    Bailey

    Member
    January 2, 2024 at 1:01 am in reply to: What Happens If Artificial Intelligence Turns on Us?

    Forgot to post the link to the article I read

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    Bailey

    Member
    December 26, 2023 at 6:03 pm in reply to: Joe Biden a Great President

    FACTED CHECKED. Joe Biden is not the greatest president. Actually, it is the very opposite. Polls reveal Joe Biden is worse than Jimmy Carter so it is rather of a unique accomplishment. It was an important task so therefore, I guess he does deserve a congratualtions.

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    Bailey

    Member
    December 26, 2023 at 6:01 pm in reply to: Flood Insurance

    Thank you Brent Norkus. Great topic. Most of Louisiana require flood insurance. Can you shop for flood insurance or you can only get it from one source which is FEMA. I am getting various different answers.

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    Bailey

    Member
    March 16, 2024 at 2:22 pm in reply to: UTAH PLM EXAM

    Which of the following definitions best describes a consumer and a customer, according to GLBA? A consumer is just shopping or checking your website; a customer fills out the application, gets approved, and you close the loan

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    Bailey

    Member
    March 2, 2024 at 7:15 am in reply to: Solution For High Debt-To-Income Ratio Borrowers

    What are the basic lending requirements on non-QM loans besides the debt-to-income ratio. Here are the questions I have on non-QM loans on owner-occupant, second homes, and investment properties.

    1. Loan to value

    2. How many credit tradelines is required and do you take non-traditional credit tradelines.

    3. Verification of rent required?

    4. Recent late payment allowed?

    5. What are the minimum and maximum loan amounts

    6. Are credit disputes allowed?

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