Kathy Hochul seems to have warn out her welcome in NY. Her association with Zohran Mamdani is just part of the problem.

Anthony Fauci has officially fallen from grace. After taking the fifth 111 times, it’s now effectively proven.

The Fed made a decision on rates and we’ve got Dr. Kirk Elliott back on the show to talk gold, central banks…

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Good afternoon. I have an MLO who lives in Green Bay, Wisconsin, and is interested in a career opportunity with Coast 2 Coast Mortgage Lending, LLC, NMLS 376205. Wisconsin has a maximum 100-mile distance requirement from personal residence to a brick-and-mortar mortgage branch office. My question is: Does Coast 2 Coast Mortgage Lending, LLC…

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Good afternoon,

New Mortgage Net Branch at 516 North Chicago Street, Joliet, Illinois: First-Floor 1,500 Square Feet Storefront. The second floor is a residential apartment. Want to know how opening a storefront brick-and-mortar mortgage branch office would benefit my team and me versus having a new office in a high-rise office building. I…

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Just wanted to share this because I know a lot of people are feeling the pressure with bills and high interest rates lately.

If you’re paying a lot on credit cards or other debts, or you’ve been thinking about refinancing your mortgage, it might be worth looking into some of the loan options that are available right now. You could potentially…

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Every mortgage loan originator has their own way of doing business. Many meet one-on-one with prospective homebuyers or homeowners. Some MLOs concentrate on borrowers from certain states or regions. Many loan originators partner up with real estate agents. Others, like myself, have a national platform where we are licensed in most of the…

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What HUD’s FHA Rules Actually Say

Your understanding is directionally correct, but the safest compliance explanation is more precise:

HUD does not expressly say, “Every FHA mortgage loan originator must receive a W-2.” HUD requires personnel performing FHA origination for an FHA-approved mortgagee to be employees under the mortgagee’s…

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Thank you. Where can I find this on HUD Handbook?

Does FHA Require Mortgage Loan Officers to Be W-2 Employees?

Can a Mortgage Broker with Mini-Correspondent Lending on VA Loans and Conventional Loans Become a Mini-Correspondent Lender on FHA Loans?

We are a mortgage broker and mini-correspondent lender on VA and Conventional loans with about a dozen strong direct lenders, but were told that…

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Can One Still Purchase a House If They Pay Past-Due Child Support?

Yes, a person may still buy a house if they owe child support. Past-due child support is not a total disqualifier.

It depends on how the arrears are reported and how the support was enforced.

The Lender Has to See if the Person Has:

• Only past-due child support
• Garnished wages
• A…

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A Gift of Equity Purchase from Sellers in Chapter 13

Yes, this transaction may be possible, but unlike most parent-to-child sales, John and Jane are selling property while they are in active Chapter 13 bankruptcy, 4 months delinquent on payments to the trustee, and want to transfer $32,000 of equity to their son.

This Means That 2 Approvals… Read more

Can a homebuyer qualify and get approved for a mortgage loan with court-ordered child support in arrears? And if NOT, what can the borrower do to be eligible and get approved for a mortgage loan?

Can we go over a case scenario on a gift of equity home purchase? Homeowners (Let’s call them John and Jane Doe) of a nice two-bedroom and two-bath condominium; the property is worth $320,000, and the mortgage on the property is $180,000. John and Jane Doe are in a current Chapter 13 bankruptcy repayment plan and have been in the plan for…

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There is no nationwide automatic limit on senior property tax caps in the U.S. Local (county/city) governments primarily set and impose property taxes, and senior property tax rules vary from state to state and locality to locality. Many states and local governments provide some form of property tax mitigation to seniors (generally defined as…

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The proposed Florida property tax change has the potential to reduce or eliminate certain types of property taxes for primary residences. However, property taxes for school district property and certain special assessments would likely remain. Existing property tax bills would not be impacted by this new proposal until at least November…

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Proposition 19 changed how inherited property is taxed in California—and many families don’t realize the consequences until it’s too late. Even when a home is in a trust, certain decisions made after a parent’s death can permanently destroy the family’s low property tax base. This checklist is designed for personal representatives, heirs,… Read more