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mortgage broker

Mortgages & Lending

Nevada’s Home Loan Modification Law Ignored

by Richard Warren | October 26, 2009
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What if you had a home modification law that everyone ignored? In its 2009 legislative session the State of Nevada passed a law requiring loan modification companies to be licensed. The law, which recently took effect, not only required a license but the companies were also required to post a $75,000 surety bond. It seemed [...]

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Commentary

New Numbers Show Hope For Mortgage Brokers

by Rob K. Blake | June 9, 2009

I have written a number of articles here on BiggerPockets outlining the mega-banks’ desires to eliminate the mortgage broker competition in the race for dominance in the retail mortgage loan market. Well some very interesting numbers came out this week, that may put the brakes on this all-out assault on mortgage brokers.
Mortgage Broker Vs. Bank [...]

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Commentary

Banking Lobby Wants Congress To Kill Off Their Competition

by Rob K. Blake | May 24, 2009

I came across another bill that demonizes mortgage brokers in it’s intent so much it is paramount to killing off the entire mortgage broker side of the industry. It’s called the ‘Transparency for Homeowners Act of 2009’ and is the latest attempt by bank lobbying to steal the mortgage market all for themselves not by [...]

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Commentary

Mortgage Brokers Getting All Time Low Of Origination Market Share

by Rob K. Blake | December 27, 2008

National Mortgage News reported last week in a survey recently completed, mortgage brokers are now only receiving 18.9% of the orignation Q3 market place. This paltry percentage of originations is an all-time low figure. Mortgage broker market share reached almost 80% just a few short years ago.
Mortgage Broker Demise Premature
The report hypothesized the [...]

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Economy

Good News, Bad News: Home Prices Fall Off A Cliff; Big AntiTrust Case May Help Home Buyers

by Charles Feldman | May 28, 2008

Good news, bad news time for real estate and the general economy this week.
The bad is, I am afraid, very bad, indeed.
Prices for single-family homes took a nose dive in the first quarter of 2008…down an enormous 14.1 percent from the year before.
Standard & Poor’s/Case Shiller report, according to Reuters, says this is at “a [...]

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