LenderBradford's Blog

This is another great post from a very respected lender on ActiveRain.  His post address the question of a realtor/agent wearing more than one hat during a real estate transcation.  His post address when a realtor is also acting as the loan officer.  Very similar to the issues he raises occur whe...

This is Great Information for buyers to read.   I know a number of lenders that advertise "NO ORIGINATION FEE".   However they have a processing fee of the same amount that an Origination Fee would have been.  Normally those lender then have the other Misc charges that are higher than their compe...

The Truth About Rates and APR Here is a definition of APR (Annual Percentage Rate) we pulled for another mortgage Web site: Annual percentage rate (A.P.R.) "APR is a measurement of the full cost of a loan including interest and loan fees expressed as a yearly percentage rate. Because all lenders ...

Below are summaries changes that the Federal Reserve has proposed.  Both proposal are signifant and I believe all realestate professions need to review the proposal and let your comments be known.  I can agree that better disclosure of the terms of loans might assist consumers, however the propos...

Here is an update of the Cleveland NACA event as broadcast by www.WKYC.com a local TV Station. Here is a link to the story ( http://www.wkyc.com/news/local/news_article.aspx?storyid=118350&catid=3 ). Also homeowners facing foreclosure may want to check with the individuals at Cuyahoga County's Fo...

On todays evening news Channel 3 did a piece supporting NACA.   with a Title of NACA 'Save the Dream' tour helps homeowners lower mortgage rates.   Here you can read the article. http://www.wkyc.com/news/local/news_article.aspx?storyid=117206&catid=45 This is a link to a article titled    http://...

With the recent announcment of Unemployment numbers and Mortgage Delq's, you might wish to see these number show together.   There appears to be a relationship between Unemployment and Mortgage Delq's.   The question to ask is then "What is the cause and what is the effect?" and then to ask "What...

Everyone is aware of FHA's Property Flipping Rules.   Today I was approached to do a Conventional Loan for the buyer instead of FHA because of the FHA Flipping Rules.  I would generally avoid transcations like this however it peaked my interest based upon FHA Rules. The following are sections of ...

I actually support this because it does not bail out the people that borrowed 100% of the price of a home.    U.S. HUD Secretary Shaun Donovan today announced an expansion of the Obama Administration's Home Affordable Refinance Program to include participation by borrowers who are current but up ...

If you have thought of using individual Property Address Websites, Now may be the time to do it.  I am the owner of www.1600PennsylvaniaAve.info and I can control what website or Web Page anyone that types that URL will see.   Imagine if you could have a custom Website URL for each and every one ...