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What does recission mean in the mortgage process?
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There are many conflicting questions about the type of people that become cops and police impersonators. I heard kids who were picked on in high school become cops. Cop impersonators are those who could not become POST certified to become cops or could not pass the background investigation
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Homebuyers can get seller concessions for a home purchase from the seller up to 6% of the home purchase price which can be quite large. So on a $500,000 home purchase, the seller concessions can be a total of $30,000. Can the home buyer use the $30,000 on a $500,000 home purchase for the down payment?
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Maintaining a good insurance score is crucial for your financial well-being. Your insurance score is a number that represents how much of a risk you are to your insurance company. Did you know that making an insurance claim can affect your insurance score? When you file a claim, it’s important to do so wisely and responsibly because claims history can follow you for 5 to 7 years on your insurance history and can have a significant impact on your premium. The more claims you make, the higher your risk becomes, and thus, the higher your premium will be. That’s why it’s important to report claims wisely and responsibly to avoid any negative impact on your insurance score. By doing so, you can ensure that you maintain a good insurance score, which can help you get better rates on your insurance premiums. So, always make sure to report claims wisely and responsibly to protect your financial well-being. #InsuranceTips #FinancialWellBeing
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Can someone with expertise explain what correspondent mortgage lending is? What is mini-correspondent lending? What is the difference between correspondent, mini-correspondent, mortgage banking, and mortgage brokers. I asked multiple so called experts and I keep getting conflicting answers. Thank you very much in advance.
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Here’s a video clip about traumatizing a dog for life. The black lab mix will never be the same after witnessing a Bulldog being cut up.
https://www.facebook.com/share/r/Kpe6DR8B8yCbbsot/?mibextid=D5vuiz
facebook.com
The dog is trying to say "I DON SUFFER FOR THIS HOUSE". 🤣🤣 #doglover #cakesofinstagram. Brian Junior · Original audio
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What are the states that require distance requirements for loan officers from where they live to the mortgage branch they are sponsored from. There are about a dozen states that require mortgage loan originators to be tied and/or sponsored by a mortgage branch such as a 50 to 100 mile distance requirement. Does anyone know which states have the distance to residency requirements between the branch and the loan officer personal residence?
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replied 2 years ago
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The Bureau of Labor Statistics forecasts a 2.9% employment growth for mortgage loan originators between 2022 and 2032. During that period, it is forecasted 10,400 jobs in the mortgage industry should open up. Licensed and registered mortgage loan originators advise, authorize and recommend loan approval for individuals and businesses. According to data from the U.S. BUREAU OF LABOR STATISTICS tens of thousands of loan officers LEFT the mortgage industry in 2023 due to inflation, surging mortgage rates, and housing shortage. In October, 2023, 67% of current mortgage loan officers produced less than one unit of closed loans in October. 21% of loan officers closed 1.5 units per month and only 12% of mortgage loan orignators closed greater than 2.5 units. The mortgage industry was decimated due to the economy, high rates, and inventory shortage. Very few from the work force sought work in the mortgage lending industry. According to the Nationwide Mortgage Multistate Licensing System, in the second quarter, there were 24.5 percent fewer individual licenses awarded for mortgage lenders. That means people are leaving the mortgage industry altogether permanently. More loan officers are expected not to renew their NMLS licenses or leave the mortgage industry.
In all of 2022 and through the first half of 2023, the average mortgage lender was not profitable and lost money on every mortgage it originated. In first quarter of this year, the average loss was $1,972 per mortgage loan. In the second quarter, the size of the loss improved to $534 per loan.
Realtor.com, the real estate listing and informational website forecasts the housing market will continue to struggle in 2024 and mortgage rates will average 6.8% in 2024, and possibly drop to 6.5% by the end of 2024. This is not promising news because mortgage rates were at 2.5% just two years ago. Loan officers are expected to have a tough road ahead because consumers have not adapted to this sudden hike in rates. Until the mortgage rate of 6.5% is accepted as the new normal, the mortgage industry will continue to struggle and more loan officers and mortgage companies are expected to leave the mortgage industry. There were a total of 160,000 licensed and registered mortgage loan originators. 50,000 loan officers have exited the mortgage industry and more are expected to leave this year by the second quarter. There are 90,000 mortgage loan originators left in the mortgage industry today but that number is forecasted to drastically get reduced to as much as 40,000 so only 50,000 loan officers is forecasted to remain in business.
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replied 2 years ago
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Here is a cool tiny house that is brand new and affordable. It is a modular home that homebuyers can use it as a primary home, second home, AirBnB’d or rental home.
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When we access anything in computer , it generated many temporary files and we need to remove those to speed up your computer. below are step to remove or delete those temporary files
1. Write Run on Search area .
2. A window appeared , write %temp% and click Ok
3. Select all ( ctrl key+A )and click on delete key
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Many Americans love Donald Trump while others cannot stand him. First and foremost, ask yourself would you like someone to tell you what you want to hear or the truth? Is Donald Trump out to run for political office to enrich himself and his family unlike other politicians who became multi millionaires while being in political office? What did Bill Clinton, George Bush, Barack Obama, and Joe Biden do for this country except to use the Presidency to enrich themselves and their families. Joe Biden never had a job in his life. Joe Biden served 50 years as a career politician who became a multi millionaire by using his elected office to get favors, bribes from foreign countries, and cheating on elections to get himself and other political hacks elected by hook, Crook, cheating, and other acts of corruption. Bill Clinton is an alleged child rapist and pedophile who is a sex addict. Barack Obama was one of the most incompetent cheating lying and corrupt Presidents of human kind. Donald Trump does not need to become President to enrich him and his family. By being President Former President Donald Trump is setting himself backwards financially and emotionally because of the hatred ignorant people are cursing to him and his family. Here’s a video of the Trump Family Biography our viewers will enjoy and find it informative.
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replied 2 years ago
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Oprah Winfrey condones pedophilia and says a 7 year victim enjoys getting molested
https://www.bitchute.com/video/CzXlTw9rIYjD/
bitchute.com
Oprah Winfrey condones pedophilia. She says victims enjoy it.
She says if you're seven-years-old of someone is stroking your penis, It feels good. But how does she know does she have a penis? Was it stroked when she was 7 years old? This woke, PC shit has gone way … Continue reading
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Hunanity with Hunter Biden. RThere is no end with the Biden Crime Family. Joe Biden and Hunter Biden is blatantly committing crimes which hurt the country and is very obvious. Crimes against the people of the United States 🇺🇸 and what is the Department of Justice doing about it? Absolutely nothing. Richard Nixon alleged crimes is nothing compared to Joe Biden crimes against humanity. Hunter Biden flew on Airforce two with his father to Eukraine, China, and other countries to extort and bribe officials of state. Here is Jesse Waters on the Joe Biden Crime Family
https://youtu.be/zOHF0AXUKts?si=jmZhDWdm1CLME6ay
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This discussion was modified 2 years ago by
Gustan Cho.
youtu.be
Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
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This discussion was modified 2 years ago by
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The biggest fear of electric car owners is running out of electric charge and being stalled. If you were to travel interstate cross country on your electric car and there are no charging stations, what do you do? Here’s a relative of California Governor Gavin Newsom rigging a generator in the back of his electric car because he had enough getting stranded multiple times during his long commute to work. He has a generator and a gas can full of fuel for the generator
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Poor rookie firefighter 🚒 hired from Miami as a probationary fire fighter recruit in Wisconsin.
https://www.facebook.com/share/r/qjMHyQ9dGSLDMhAd/?mibextid=nnhLG8
facebook.com
Thought this classic was fitting #stealthperformance #powerstroke #cummins #duramax #diesel #diesellife #dieselbrothers #ford #truck #chevy #dodge #dieselnation #dieselpower #trucknation...
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Here is breaking news about our politicians
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Barack Obama slips calling his transgender football player wife with balls Michael and I. LOL
https://www.tiktok.com/t/ZT8pwjuWq/
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This discussion was modified 2 years, 3 months ago by
Randy.
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This discussion was modified 2 years, 3 months ago by
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My family is interest in getting out of the single family and multi-family home rental investment and getting more into investing in an RV campground, mobile home park, or storage facility. Is an RV Park a good investment? I have heard from business associates and other indirect investors that RV parks are a high-yielding investment with little downside. What type of return would be a good yield on an RV park investment and what type of capital do you need to get started. How is financing rates, terms, and conditions? Can a new investor get financing on an RV Park? What do you suggest to keep an eye on and what are the steps to go about shopping for RV Parks that is on the market? Are there business brokers that specialize in RV Parks? Do you suggest developing an RV PARK by buying land and starting from scratch or buying an existing RV park that is cash flowing.
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Elon Musk the founder and CEO of Tesla Motors strongly believes there’s a 20% chance Artificial Intelligence will destroy humanity in 12 months.
https://www.businessinsider.com/elon-musk-20-percent-chance-ai-destroys-humanity-2024-3
businessinsider.com
Elon Musk says there could be a 20% chance AI destroys humanity — but we should do it anyway
Musk recalculated his analysis of AI, saying there's a 10% or 20% chance it could destroy humanity. Safety researchers say he's underestimating.
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Elon Musks is forecasting ARTIFICIAL INTELLIGENCE will be smarter than humans in 24 months.
https://www.businessinsider.com/elon-musk-says-ai-will-outsmart-humans-by-2026-2024-4
businessinsider.com
Elon Musk says AI will be smarter than humans in 2 years
Tech billionaire Elon Musk believes AI will outsmart humans by 2026. But data scarcity and a chip shortage may get in the way.
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If you want to get paid 1099 as a loan officer you need to surrender getting licensed in the following states.
1. Nevada
2. Hawaii
3. Illinois
4. Mississippi
5. NEBRASKA
6. New Jersey
7. North Carolina
8. South Carolina DFI: SC DCA NO W2
9. Georgia
10. Vermont
11. MA
More and more states are allowing loan officers become 1099 wage earners. We will update this list as states update allowing 1099 wage earner for loan officers.
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This discussion was modified 2 years ago by Gustan Cho.
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This discussion was modified 2 years ago by
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What is the Loan Estimate or LE. What information is the categories and data in the LOAN ESTIMATE?
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What is the Closing Disclosure?
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How does the three waiting period during the waiting process work?
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Cops are human and can make mistakes like the rest of us. However, are Cops above the law? What’s this professional courtesy among police officers? Why do Cops expect to get out of tickets and DUIs? What’s this code of silence among police officers?
https://www.facebook.com/share/v/ohutDundcae6fJpG/?mibextid=D5vuiz
facebook.com
Idiot Cops Who Got Caught DRUNK On The Job
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replied 2 years ago
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NMLS distance from mortgage company brick and mortgage location to personal residency requirements on individual states.
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This discussion was modified 1 year, 3 months ago by
Sapna Sharma.
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This discussion was modified 1 year, 3 months ago by
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Artificial Intelligence is making headline NEWS lately. Many people are AMAZED about AI. Here’s a very interesting article about Artificial Intelligence. Is Artificial Intelligence built in End Times.
destinyimage.com
Mark of the Beast & AI: Is AI Part of the Devil’s End-Time Strategy? — Destiny Image
Could prophecies in Revelation point toward an advanced form of AI, capable of tracking, analyzing, and manipulating human behavior on an unprecedented scale? Host of Encounter Today and pastor Alan DiDio exposes the truth about AI and whether it could … Continue reading
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Mortgage Rates a tad lower from yesterday. 30-year fixed-rate mortgage rates 6.78% down -0.10 from yesterday. 15-year fixed-rate mortgages is priced at 5.77% down -0.26 from yesterday. 5/1 ARM is unchanged 6.67% from yesterday. This week has been a steady week for mortgage interest rates at 6.66% . Mortgage rates has been unchanged since December 21st. Lower rates should spark homebuyers but many buyers are sitting on the sidelines. Weekly jobless claims was low for the week mainly due to a four day holiday week. The unemployment rate numbers released last week came in at 3.7 percent in December, and the number of unemployed persons was remain unchanged at 6.3 million. These measures are higher than a year earlier, when the jobless rate was 3.5 percent and the number of unemployed persons was 5.7 million.
Jobless claims, also known as unemployment claims or initial unemployment claims, refer to the number of individuals who have filed for unemployment benefits with the government’s unemployment insurance program. These claims are typically filed by individuals who have lost their jobs and are seeking financial assistance during their period of unemployment.
Jobless claims serve as an important economic indicator and are closely monitored by policymakers, economists, and financial analysts. They provide insights into the current state of the labor market and can indicate trends in unemployment. When jobless claims increase, it often suggests a rising number of people losing their jobs, which may be a sign of economic downturn or labor market challenges. Conversely, a decrease in jobless claims can be a positive sign, indicating improved job market conditions.
Jobless claims are typically reported on a weekly basis in many countries, including the United States, where the U.S. Department of Labor releases a weekly report on initial unemployment claims. These reports help policymakers and analysts gauge the health of the labor market and make informed decisions about economic policies and interventions.
It’s important to note that jobless claims are just one part of the broader picture of employment and unemployment, and they are often used in conjunction with other labor market indicators to assess the overall employment situation.
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I am looking at buying a RVPark- that is currently cashflowing at a 7.5cap – I am looking at changing the model a bit and infusing capital plan to add capsule airbnbs and boat storage (20) frames are already built. The Property is 10 acres – less than 2 miles from a lake that has over 6 million visitors a year. It is located 30 minutes from 2 of the largest casinos and also 3 state parks. I am wondering if someone could finance on projected dscr. Any help would be great. I will post some designs of the homes and some of the land later today.
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I appreciate the wealth of information on the Great Community Authority FORUM for the resources available in furthering my career as a branch manager and NMLS licensed loan officer. I could not believe what I have heard today by a fellow mortgage loan originator, a member of this forum, who owns her own mortgage brokerage company. My friend who owns her own mortgage broker company and is licensed in six states always had countless leads from states she was not licensed but could not monetize on those leads and realtor referral because of her mortgage brokerage only being licensed in three states. One of the options my friend had was give up her own mortgage broker shop and close it and join a larger mortgage company with NMLS licenses in most of the 50 states. However, her mortgage broker shop is her baby and she put a lot of sweat and equity in creating and launching her mortgage shop. The great news that was revealed to my friend which can apply to me is that a licensed mortgage loan officer can be licensed with multiple mortgage companies at the same time. Therefore, you can have and own your own mortgage shop licensed with a few states and simultaneously be sponsored with another mortgage company and be licensed in the states your own mortgage broker shop is not licensed. By doing so, you can be licensed in all or most of the 50 states and be in compliance and not worry about crossing the grey area. My friend asked me to reach out to @Bruce , Esq., MBA, LL.M. for more information. From my past experience, if a deal sounds too good to be true, it normally is. I would love to hear a lot more about this. I spoke to Danny Vesokie, President and Founder of Affiliated Business Partners, a commercial loan training school, and Danny did say to reach out to @Bruce . for more detail information because Bruce sponsored by three mortgage companies at the same time
https://www.youtube.com/watch?v=0TKHRlvHNWc
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This discussion was modified 2 years ago by Gustan Cho.
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This discussion was modified 1 year, 7 months ago by Sapna Sharma.
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This discussion was modified 3 months, 1 week ago by Sapna Sharma.
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This discussion was modified 2 years ago by
