Local Bank Of America Home Loan Manager Ranked #2. Bank of America announced its Mid Year Rankings report for their Home Loans Managers and coming in at #2 out of 158 Managers in the U.S. is Sarasota’s Budd Moore. Moore oversees five Counties including Manatee, Sarasota, Charlotte, Lee and Collier.
Bank Of America Home Loans Expands Budd Moore’s Territory. After only a little over one year in his current position, Bank of America Home Loans grants Home Loans Manager, Budd Moore, two additional counties.
REAL Magazine Charity Golf Event At The Ritz-Carlton Members Club. On December 12th, 2011 REAL Magazine and our gracious host, The Ritz-Carlton Members Club will hold a charity golf event to benefit the United Way’s Realtors for Kids/Success by 6 fund.
New Laws Governing Mortgage Originators By Budd Moore New lending laws regulate originator compensation and help protect the borrower’s “best interest.” April brings Tax Day and this year it also brings new laws to govern mortgage originators. The new lending laws, effective April 1st, have leveled the playing field for all originators, including banks, mortgage companies, and mortgage brokers. While most of the larger banks adopted these new rules over a year ago smaller lenders and brokers have waited until April 1, 2011 to adjust their practices and adopt the new laws. Under the new regulations, a loan originator “may […]
Improved Short Sale Process By C. J. Coury The Short Sale phenomenon that has been escalating over the past few years has reached the point where some drastic changes are needed. Today’s most prominent process model for these transactions requires that an offer to purchase be presented to the servicing lender prior to any action being taken to obtain investor approval of the reduction in their pay-off. This, coupled with servicers being woefully understaffed, has had an enormously negative impact on all parties involved in the transaction and has, in fact, contributed to a reduction in the median sale price […]
Refinance Now By C.J. Coury Although it is certainly more challenging to obtain a new mortgage loan in today’s market you simply must make the attempt if you have an interest rate above, at or near 6%. It is widely believed that rates will begin to rise this spring and could increase as much as 1% or more from today’s historic lows, eliminating the opportunity to realize the benefits of refinancing for many. While it is true that many loans today are being scuttled by evaluations and qualifying documentation, it is also a fact that there are options available to […]
FHA OK’S Finance Of Qualified Flips By C. J. Coury In an effort to speed up the resale of foreclosed properties the FHA has announced that it will begin to insure loans on properties that were re-sold within 90-days of purchase by the seller. This change will allow lenders to offer FHA financing to buyers who are attempting to purchase these quick re-sales between 2/1/10 and 1/31/11. While this will help a great number of buyers there are certain restrictions that will apply. The primary intent of this easing is to allow investors to purchase, rehab and resell these properties […]
REAL Magazine Charity Golf Event At The Ritz-Carlton Members Club. On April 12th, 2010 REAL Magazine and our gracious host, The Ritz-Carlton Members Club will hold a charity golf event to benefit the United Way’s Realtors for Kids fund.
Financing “As-Is” Properties By C. J. Coury A rarely used loan product, the FHA 203(k), is fast becoming one of the hottest topics on the training front. The renewed interest in this evolving product is due to the high number of distressed properties on the market and the declining amount of “cash” buyers to sell it to “as-is”. There are numerous misunderstandings about this product that I would like to help clarify: 1. The maximum loan amount is currently $417,000 2. There is no maximum sale price for the property 3. There is no maximum amount for the repairs or improvements 4. The improvements […]
Thursday, July 18, 2013
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