Home | Ask Your Question | Mortgage Glossary |Free Credit Report | Mortgage Calculator |
|
|||||||||||||||||||||||
Mortgage Professor about il real estate compensation on loan origination respa: | |||||||||||||||||||||||
HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US. As usual, the proposals were open for comment, and many thousands of them were received. Mine was among them, and is shown ... more... HUD and Yield Spread Premiums October 3, 2001 The recent decision of the US 11th Circuit Court of Appeals in the case of Culpepper vs Irwin has suddenly swung the spotlight on HUD policy regarding yield spread premiums (YSPs) retained by mortgage brokers. To this date, HUD has been impotent in dealing ... more... |
|||||||||||||||||||||||
il real estate compensation on loan origination respa related definitions |
|||||||||||||||||||||||
RESPA
Real Estate Settlement Procedure Act (RESPA) A federal law passed in 1974 that requires lenders to provide home mortgage borrowers in advance with information of known or estimated settlement costs. RESPA also limits the amount lenders may require to be held in escrow for ... more... Bridge Loan Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... |
|||||||||||||||||||||||
More about il real estate compensation on loan origination respa Where Does Your Real Estate Commission Fee Go - Why is The Commission so HIGH? Free Real Estate Investing Course The Key to Real Estate Investing Success Revealed! Real Estate Lender - Get Approved For a Mortgage Loan Online Business Loans - 7 Reasons Not to Use a Bank Why You Should Rent To Live And Buy To Invest How To Find Your Dream Home In Belize Boston Real Estate - Interest Rates and Inventory Must be Analyzed when Selling Your Boston Home Should You Use a Property Management Company or Manage Your Real Estate Investment in Florida? The Real Estate Bubble-When Will it Burst?
|
|
||||||||||||||||||||||
|