Featured Articles

Will you be Red Flags compliant? When Nov. 1, 2009 comes and goes … will you still be around?
The Federal Trade Commission (FTC) deadline for Red Flags Rules compliance has been extended once again until Sunday, Nov. 1. While you are probably aware that you have responsibilities under this legislation, chances are and especially if... Read more
Homeownership: More than money
During the past few years, the price of homes has been declining in most parts of the country. This trend has represented a major financial setback for many who considered their home their best investment and an integral part of their... Read more
Credit repair: Do it yourself or hire a credit restoration company?
When looking to challenge derogatory items with requirements outlined in the Fair Credit Reporting Act (FCRA), a consumer typically has two options: Do it themselves or hire a professional credit repair agency. Which is better? It depends... Read more
Charting the course for the future of the broker industry: Lone Star State native Jim Pair leads NAMB into a new era
Lately, with each subsequent passing of the gavel of National Association of Mortgage Brokers (NAMB) leadership, it could be equated to a grown up’s version of the game Hot Potato. Legislation, proposed regulations, a downsizing and... Read more
FHA Insider: Getting borderline FHA loans approved ... become an artist and learn to paint the picture
Federal Housing Administration (FHA) loans are “Story Loans” … and the better you are at painting the picture for the underwriter, the more FHA loans you will close. The FHA was created in 1934, on the heels of the Great Depression, in... Read more
The most common mortgage fraud classification
The most common fraud classification in the first through third quarters of 2008, as reported by the Mortgage Asset Research Institute (MARI) by all states in mortgage originations is application fraud. Application fraud represented 61... Read more
Ask Brian: A group of buyers who need your help … now!
Dear Brian: I am struggling right now as I am sure many others are. My business is awful and every day, I consider whether to stay in the business or just get out. Every other originator and title company I speak to feels the same way. My... Read more
Trend Spotter: The aroma of sizzling financing incentives
Okay, so there you are … going about your day minding your own business. You’re really not that hungry. You are quite comfortable, actually. Then, all of a sudden, out of nowhere, that tempting aroma of your favorite food sizzling on the... Read more
Red Flags everywhere! The Red Flags Rule through the eyes of a lender
Over the past few months, we, as a lender (The Lending Company in Scottsdale, Ariz.), have embarked on what became a tedious journey through the rules of being Red Flag compliant. Little did we know just what all was involved. In the... Read more
Will Obama’s proposed new agency solve flaws in the credit reporting system?
On June 16, President Barack Obama released a plan to overhaul the government financial regulatory system in the 88-paged plan titled, “Financial Regulatory Reform, A New Foundation: Rebuilding Financial Supervision and Regulation.” While... Read more