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Updated 4 months ago on . Most recent reply
Who governs real estate lenders?
Who do they have to answer to or do they just get to run amok and do whatever they want, no matter how unreasonable?
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Owner occuppied loans regualted in every state .. must have state license and NMLS registration.
NON owner occ loans on 1 to 4 units are regulated same way in about 15 states
in the other states they are unregulated.
Keep in mind though investor loans do not follow the same rules as owner occ and rates can change charges can change closing dates can be blown through etc
NON owner occ loans on 1 to 4 units are regulated same way in about 15 states
in the other states they are unregulated.
Keep in mind though investor loans do not follow the same rules as owner occ and rates can change charges can change closing dates can be blown through etc
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners