I watched the CNN Special tonight on the mortgage meltdown being busted. I was hoping for some new insight and information but it turned out to be a poor regurgitation of what we have already heard. I guess I was looking for more of an expose’ than a group of industry insiders playing blackjack.
I thought […]
Values in Florida continue to decline, this can have a big impact on reverse mortgages. The GREAT thing about a reverse mortgage is that once you close, your house value can go down and your benefits do not reduce.
Seniors in Florida who have been considering a reverse mortgage should act quickly before more precious equity […]
A few more lenders set a minimum 580 credit score this week on FHA mortgages. My prediction that this would spread through the industry is coming true. “FHA The New Subprime” - lenders are protecting themselves from this thought the only way they know how - minimum credit scores.
Once a few of the national wholesale FHA […]
Many people who are unable to meet the net worth requirements to get FHA approval are making a move to Net Branching, also called Affiliate Branching. It is much faster than getting an FHA Approval, an existing FHA Approved Broker/Lender can have you up and running as a branch very quickly and in some cases […]
This may sound like some lame sales pitch a loan officer would use to force a consumer into making a decision, but unfortunately this statement is currently very true, particularly in Florida. There are currently two forces at work that are disqualifying more and more homeowners each day from being able to refinance at the […]
Being in the business people ask me all the time how they can get the best interest rate on the mortgage. People think it has to do with credit rating, people think it has to do with the company they choose, but its actually more about your actions than your credit or the company […]
I talked about it a few weeks ago and it is happening. We have seen a slew of lenders put a minimum 580 credit score on FHA Loans because they were getting flooded with Subprime crap. Unfortunately this is effecting normal FHA Business and is going to make it more difficult for borrowers who need […]
A new set of Fannie Mae loan level price adjustments have hit the market for Conventional Loans. These move to further punish lower credit scores and greatly increase the cost of accessing equity through a cash out refinance. These adjustments are going to push even more borrowers into FHA as FHA becomes much cheaper than […]
Some of my readers have asked about my company.
Our name is R P Funding, you can access our HUD Approval here: R P Funding FHA Approval, or website R P Funding
We currently have two offices in Florida, but we are in the process of opening a third and expanding into Mississippi and Georgia. We are a […]
Yes! A Full Eagle can broker FHA loans. The difference, that confuses most, is the relationship this creates in FHA Connection. When a loan correspondent establishes a broker relationship with a lender it is entered into FHA Connection as a Sponsor to Correspondent Relationship. If a lender attempts to enter a Full Eagle into FHA […]