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 5 Rock-Solid Real Estate Investment Strategies Getting Raw Land, Not a Raw Deal! Real Estate Mortgage Loan: How to Prepare Yourself to Save Money Learn the Abbreviated Language of Realty Agents Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available... Is the Real Estate Bubble About to Burst? Pre Construction Investment Real Estate - Pros and Cons An Investor's 1st and Most Important Lesson No Money Down - How To Buy Property With Nothing Down Why Do Realtors Advertise Your Home in Print,on the Radio, on Television, etc.?
|
|
||||||||||||||||||||||
|