Mortgage Broker Forums at Broker Outpost

United National Mortgage (by: SSINGH88)

Anyone use them? I have a 2 unit cash out and they have decent pricing. Just looking for a speedy close, Wells has the best pricing - Last Post by: SSINGH88 on 05/16/2012 @ 6:57 PM

Mortgage training books? (by: Mandyvilla)

Anyone know of any good mortgage training books? Most of what Ive seen are finance based and look just plain boring and dont dive into the real day to day business (a chapter on what APR is....really?) Know a few folks looking to get into the business and was hoping to refer them to a good guidebook - suggestions welcome. - Last Post by: Mandyvilla on 05/16/2012 @ 6:54 PM

We lend in CA, CO, PA, VA, and WA. (by: johnquebedeaux)

John Quebedeaux Account Executive Cell: 619-719-3129 Email: johnquebedeaux@msn.com ( Primary for now) Email: john@phoenixglobalequityadvisorsllc.com Email: john@amercanlending.com American Lending, Inc., a Wholesale Mortgage Banker/Direct Lender, : www.americanlendinginc.com We have a full spectrum of products so you can accept virtually all loans: PRIME, SUB-PRIME, COMMERCIAL & HARD MONEY. UNRESTRICTED TERRITORY! We lend in CA, CO, PA, VA, and WA. Five more states are pending approval. LOAN PROGRAMS: .Jumbo Loans -- Up To $10 million .FHA Loans -- UP TO $729,500 .VA Loan - NO MONEY DOWN! .HARP 2, HomePath and MY Community .Conforming Loans -- UP TO $625,500 . FHA Streamline Refinances . DU REFI PLUS -- UP TO 150% LTV . FHA -- Below 580 FICO Score . FHA 203K Streamline . USDA rural properties . Reverse Mortgage . Hard Money to $1+ Million . Plus many other programs We maintain fast and efficient loan cycles: WE CLOSE LOANS IN 15 - 20 DAYS! - Last Post by: johnquebedeaux on 05/16/2012 @ 6:54 PM

How Much are Appraisal HARP 2.0 Waivers Going For (by: lobb)

I have seen them as low as $75.00, and as high as $200 One lender wants it paid upfront, which is ridiculous. Is retail waiving this fee altogether? - Last Post by: lobb on 05/16/2012 @ 6:42 PM

Raymond Mailer guy (by: RyLoans)

Leave your number here. I want to go over some mailer ideas. I did 30k pieces and got two loans. Ends up being profitable but the call back blows. Willing to try another mailer. - Last Post by: RyLoans on 05/16/2012 @ 6:42 PM

How to release a FHA CASE # (by: RyLoans)

Have a couple of loans that are going to benefit with the June change that we started to originate earlier this year. No one can answer if the case number have to be released/cancelled. Can anyone help? - Last Post by: RyLoans on 05/16/2012 @ 6:37 PM

Payoff Debt to Qualify (by: enerro)

Who will allow my client to do a cash out loan and payoff the debt to qualify? - Last Post by: enerro on 05/16/2012 @ 6:31 PM

Are "The Bigs" Underwriting Slow These Days? (by: hulkfunding)

Recently, I have been hearing talk of slow UW from large investers, just talk, or is UW backed up at "the bigs"? - Last Post by: hulkfunding on 05/16/2012 @ 6:28 PM

lender paid compensation on non owner refis (by: RyLoans)

is there any lenders that allow lender paid compensation on non owner 4 unit refis - Last Post by: RyLoans on 05/16/2012 @ 6:19 PM

ANYONE HAVE A CONTACT IN A HOLDING COMPANY (by: marques10010)

LOOKING TO PURCAHSE NON PERFORMING NOTES (MORTGAGE. - Last Post by: marques10010 on 05/16/2012 @ 5:23 PM

Commerical Lenders in CA? (by: adelphos)

Does anyone know of a good commercial lender doing a 8 unit in CA. Looking to do a Refi. Thank you - Last Post by: adelphos on 05/16/2012 @ 4:58 PM

Wells Fargo Subordination (by: azmann)

I have a California FHA streamline that I am trying to get done. Wells is the current lender for the 1st and 2nd mortgages. The call center at Wells is telling me that they will subordinate a HELOC, but they will not subordinate a true 2nd mortgage like my client has. The borrower is saving $850/month with the new FHA mortgage that I am getting them, but we obviously have to have the 2nd subordinated.... Does anyone know if Wells will actually subordinate this or not? - Last Post by: azmann on 05/16/2012 @ 4:57 PM

DNC in panic, pulling out of Wisconsin recall (by: darkstar)

Walker is going to make the leftards and unions look so foolish when he spanks them next month and it looks like the DNC knows it...The union members who had their money pissed away should be pissed!...That money could have went to their pensions, healthcare or benefits, but nooooooo, *poof*, millions gone on a wasted effort... http://www.breitbart.com/Big-Government/2012/05/15/move-on-dnc-pulling-out-of-wisconsin-recall Bad economic data aside, 2012 may just shape up to be the best year ever for conservatives. Since last week, I have reported that the Wisconsin Recall election is moving firmly in Scott Walkers direction. Big Labors preferred candidate, Kathleen Falk, was trounced in last weeks Democrat primary. Scott Walker, who Big Labor assured us was universally despised, got almost as many votes as all the Democrats combined. This afternoon, we learn that the DNC has wisely decided not to waste a dime on the recall. The news came from a panicked email from MoveOn.org: BREAKING NEWS FROM WISCONSIN: The Democratic National Committee isnt investing in the massive get out the vote effort in Wisconsin to recall Scott Walker. Wisconsin is ground zero for Democrats this summer�and there are only three weeks before Election Day�which is why this breaking news just doesnt make sense. I hope the national GOP and the Romney campaign absorb this lesson. The left, through their mouthpieces in the media can talk a big game, but at the end of the day there is just nothing there. - Last Post by: darkstar on 05/16/2012 @ 4:26 PM

Sodomites win (by: darkstar)

There are many folks that tend sheep. Why is it wrong to LOVE them, but it is ok to slit their throats and eat them? - Last Post by: darkstar on 05/16/2012 @ 4:19 PM

Foreclosure seasoning (by: AZLoanSlinger)

Throwing this out, but afraid I know what the answer would be. I have solid borrowers, and with a even with a short sale on a primary in March 2009 and a vacation foreclosure in Oct. 2010, primary borrower has a 650 mid and secondary borrower a 690 mid. Secondary would debt ratio file on her own. Looking at 65-70% LTV and attempting to avoid hard money. Note is currently a RE contract held by the builder and the builder is getting pinched by his bank to reduce his lines. Any suggestions? Thanks! Rich Howard 425-602-6079 - Last Post by: AZLoanSlinger on 05/16/2012 @ 4:16 PM

Prospect Mortgage..any info (by: chad b)

Hi..Does anyone have any experience working for or know someone who works for Prospect Mortgage? Thanks! :) - Last Post by: chad b on 05/16/2012 @ 4:15 PM

65-70% OF PP with any credit anywhere in CA (by: PBHardMoney)

Lets start out 2012 on a positive note. Im rolling out a new program for rehabbers/investors in California up to 65% to 70% of the purchase price on a 1 year fixed interest only with no prepayment penalty, this program is geared towards your rehabber or investors for short sale and REOs. We close within 7-10 days, no appraisal in borrowers name or corporation or LLC, without extra hits to rate or cost. Highlights of the program are: Up to 70% of the purchase price no prepayment penalty, or hold backs for construction repair no min fico scores, no additional hits for bad fico, just a quick close stated/verified assets (need to see money in the bank for down payment) loans from 100k to 750k All California Major cities. Rates are from 11.99% to 12.99% with a cost of 3.50%-4.00% with an underwriting fee of $795.00...No appraisal required. Let me know if you have any questions. Pouyan Broukhim---PB Financial Group Corp 323-935-5555 x 102 Office 866-318-4471 Direct Fax info@pbfinancialgrp.com http://www.pbfinancialgrp.com PB Financial Group Corp 357614 Pouyan Broukhim 348736 - Last Post by: PBHardMoney on 05/16/2012 @ 3:56 PM

Stated & No Doc CA Hard Money Residential. (by: PBHardMoney)

Providing Financing in California for purchase and refinance on n/o/o, multi unit and commercial properties, rates start at 9.50% We specialize in the following types of private hard money real estate loans: ----We lend in all California Counties ----Less than 499 fico score, fico is not our driving factor real estate equity is ----Real Estate Equity Loans ----Non-owner Occupied and Multi Unit up to 60%, going stated ----No Fico....No problem ----Commercial/ Income producing hard money loans up to 60% ----1st and 2nd position loans, on residential and commercial ----Residential Loan amounts---$100,000.00 to $2,000,000.00 ----Commercial Loan amounts---$200, 000.00-$5,0000,000.00 ----Rates start 9.50% to 12.00% depending on Loan to Value. ----Cost start at 2.00% to 4.00% depending on program offered and Loan to value Approvals within 24-48 hours. CALL POUYAN DIRECTLY FOR PRICING Pouyan Broukhim---PB Financial Group Corp 323-935-5555 x 102 Office 866-318-4471 Direct Fax info@pbfinancialgrp.com http://www.pbfinancialgrp.com PB Financial Group Corp 357614 Pouyan Broukhim 348736 - Last Post by: PBHardMoney on 05/16/2012 @ 3:56 PM

8.99% with any fico on 40% LTV or less Hard Money (by: PBHardMoney)

California properties only, Must be n/o/o or multi units. Providing Financing in California for purchase and refinance on n/o/o, multi unit and commercial properties, rates start at 8.99% up to 12.00%. Programs from 1 year to 5 years, would consider longer term on the right deal. We specialize in the following types of private hard money real estate loans: ----We lend in all California Counties ----Less than 499 fico score, fico is not our driving factor, real estate equity is ----Real Estate Equity Loans ----Non-owner Occupied and Multi Unit up to 65%, going stated ----No Fico....No Extra hits ----Commercial/Income producing hard money loans up to 65% ----1st and 2nd position loans(55% CLTV, would consider higher on the right deal), on residential and commercial ----Residential Loan amounts---$100,000.00 to $2,000,000.00 ----Commercial Loan amounts---$200, 000.00-$5,0000,000.00 ----Rates start 8.99% to 12.00% depending on Loan to Value. ----Cost start at 2.00% to 4.00% depending on program offered and Loan to value Approvals within 24-48 hours. CALL POUYAN DIRECTLY FOR PRICING Pouyan Broukhim---PB Financial Group Corp 323-935-5555 x 102 Office 866-318-4471 Direct Fax info@pbfinancialgrp.com http://www.pbfinancialgrp.com PB Financial Group Corp 357614 Pouyan Broukhim 348736 - Last Post by: PBHardMoney on 05/16/2012 @ 3:56 PM

Hard Money 4plex in CA (by: PBHardMoney)

4plex richmond, ca property purchased at Trustee Sale March 5, 2012 for $253k, N/O/O, buyer looking to do cash out refi. Already has an appraisal. The property is worth $295k, what is the max ltv? Thanks. - Last Post by: PBHardMoney on 05/16/2012 @ 3:55 PM

LTNs for sale (by: jarod1005)

I this forum is for real estate, but is anyone on here a buyer, or connected to a buyer for LTNs? The LTNs are on Euroclear. They are owned by a trading platform, and are blue. If you have a buyer, the owner would like an RWA on buyers staionery/letterhead. This is to show that there is verifiable money! Keith Walker 281-902-6820 azimuthcapholdings@att.net - Last Post by: jarod1005 on 05/16/2012 @ 3:51 PM

CHURCH LOAN CALIFORNIA (by: mainemortgageguy)

Hi, Got a borrower is looking to purchase a church in Madera California. Please advice what kind of loan program available in market.How much min down payment he has to come up with, What are the scores requirements etc Thanks Gary - Last Post by: mainemortgageguy on 05/16/2012 @ 3:47 PM

Anybody offering Credit Restoration ? (by: CreditRepGal)

Im considering partnering up with a local but am looking for feedback. So far the proposal is no upfront fees and $75 per trade line ($25 per bureau) for each item removed. - Last Post by: CreditRepGal on 05/16/2012 @ 3:36 PM

States with Lowest TItle Insurance and Recording (by: title_guy)

Can anyone please let us know which states have low Title Insurance and Recording Fees? Right now we are mainly doing business in MA, NH, and ME. - Last Post by: title_guy on 05/16/2012 @ 3:28 PM

FHA 579 FICO Florida (by: sakiss)

Hi guys. Do you know any FHA lenders that will go down to 579 FICO in Florida (Miami Dade County)? This is for a purchase of a SFR. Thank you all for the help. - Last Post by: sakiss on 05/16/2012 @ 3:13 PM

1031 exchange program (by: rainmand)

Its time for me to renew my California Real Estate license, and this time its 45 hours of Continuing Education. 15 hours of Agency, Fair Housing, Trust Fund Handling, Ethics and Risk Management. I get to select the curriculum for the remaining 30 hours, and this time I selected the "1031 exchange program". I did it because a friend double ended a 1031 exchange, and his 6% came out to $540,000.00. That got me interested. I passed the first of three examinations today, and the stuff Im reading now is about the various ways the exchanges can be made, and a lot of the strategies include combining various mortgages with the trade/exchange. Ive never heard of a Forward Mortgage Loan Officer specializing in that area, so I thought Id mention it. (I cant do them now, because I do Reverse Mortgages only). - Last Post by: rainmand on 05/16/2012 @ 3:04 PM

18 financed properties (by: johnquebedeaux)

Hi Got a doctor who owns 18 Finance Properties, All of them have rate of 7.00% and above. Now he is willing to refinance 5-6 houses. Do we have any lender who is allowing more than 10 financed properties???? All of them are in CALIFORNIA Thanks Gary 559-478-8422 - Last Post by: johnquebedeaux on 05/16/2012 @ 3:01 PM

Jumbo Program That Allows $1 Million Cash in Hand? (by: johnquebedeaux)

I am deperately looking for a Lender that has unlimited cash out amount. File is very clean strong LTV under 60% High Fico, Great Assets, Own property free and clear and want to cash out $1 million, worth $1.8 - $2 million. 30 Year Fixed Any help is much appreciated. - Last Post by: johnquebedeaux on 05/16/2012 @ 2:59 PM

Looking for Lender to loan to a bypass trust (by: SteveJCA)

Heres the scenario. Borrower is an irrevocable decedents (bypass) trust. The trust is well funded (no outstanding loans), so there is no problem qualifying from every angle (plenty of income, assets and even a personal guarantee from income beneficiary). This particular trust owns 1/2 interest in two seperate properties and the other half is owned by a partner that has agreed to sell and all trustees are ok with deal. Both of the properties are in Los Angels County and one is a duplex and one is a 4-plex. The issue is that the trustees want a 15 year fixed, fully amortized loan for each property whereby the trust is the borrower (and like I said personal guarantee available if needed). It has been no problem to find a commercial lender that will do the deal on a 7 year fixed 25 yr amortization, but trustees want a 15 year fixed fully amortized loan with the trust as borrower and newly aquired 1/2 interest purchased by the trust. Does anyone have a source for this? Thanks. - Last Post by: SteveJCA on 05/16/2012 @ 2:53 PM

AE Compensation What is Reasonable? (by: 1003s.com)

AE Compensation, what is Reasonable? Assuming the AE, is not getting paid with any perks, health INS, Company Car, ETC - Last Post by: 1003s.com on 05/16/2012 @ 2:45 PM