LenderBradford's Blog

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Mortgage and Lending - NMLS142066/250013
Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.
RECENT BLOG POSTS
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...
08/20/2009
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...
08/05/2009
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 ...
07/28/2009
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...
07/28/2009
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...
07/22/2009
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://...
07/06/2009
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...
07/04/2009
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 ...
07/02/2009
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 ...
07/01/2009
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 ...
06/29/2009
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Tim Bradford

NMLS 250013
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Information about Financing Options in Northern Ohio as well as information about people, places and events in Northern Ohio. Northern Ohio is a Great Place to live and work.