LAW

Schwarzenegger-Banks Must offer Loan Modifications (Members)
Mortgage lenders must contact California home borrowers to discuss loan modifications by phone or in person before entering foreclosure proceedings under a new law Gov. Arnold Schwarzenegger signed Tu
http://forum.brokeroutpost.com/loans/forum/2/231219.htm (Replies: 34)
Related tags: [law signed tuesday]

Credit Card Relief Law (Members)
Client of mine was asking me if I knew anything about a law that was recently passed where if the borrower is in over their head, the credit card company or companies have to reduce the rate to make i
http://forum.brokeroutpost.com/loans/forum/2/218870.htm (Replies: 3)
Related tags: [credit card relief law]

Special Program for FTHB Law Enforcement Officer (Members)
Does anyone know of a program for a FTHB Law Enforcement Officer with only 1 year on the job (6 months paid in the academy and 6 months on duty)?
http://forum.brokeroutpost.com/loans/forum/2/214644.htm (Replies: 1)
Related tags: [law, enforcement, peace, officer]

I hate TEXAS :( (Members)
Have a R T (no cashout), recently on MLS. Lender will do it if 1 day off of MLS as R T, but since my guy took a cashout 5 years ago, Texas law, once a cashout always a cashout, he needs to have 6 mont
http://forum.brokeroutpost.com/loans/forum/2/213818.htm (Replies: 11)
Related tags: [tx cashout law]

Is there any laws to protect me from this (Members)
I had a client who has recently decided to not go through with a loan. She had agreed to sign tonight after revieing the hud and loan terms yesterday with me on the phone and on paper. I have it in wr
http://forum.brokeroutpost.com/loans/forum/2/212095.htm (Replies: 46)
Related tags: [law]

FHA Origination (Members)
Does anyone know for certain if there is a rule regarding Licensed Loan Originator also being Licensed Real Estate Broker in the state of IL not being able to originate FHA loans? I have heard someth
http://forum.brokeroutpost.com/loans/forum/2/211442.htm (Replies: 12)
Related tags: [fha, origination, realtor, law]

Federal Reserve has a proposed rule (Members)
Legislative and Regulatory Alert from NCAMP The Federal Reserve has a proposed rule that will ultimately harm your business and curtail the credit markets more than ever before. The Ru
http://forum.brokeroutpost.com/loans/forum/2/211335.htm (Replies: 2)
Related tags: [law changs]

Florida Foreclosure question! (Members)
In Florida is there any personal recourse on a foreclosed property? Can a bank put a lien on primary property if a borrower were to let their investment go to foreclosure? I pretty sure I know t
http://forum.brokeroutpost.com/loans/forum/2/205273.htm (Replies: 9)
Related tags: [law]

How many calls will you make today???? (Members)
Going back to old school, the more calls you make the more opportunity you will come across. I plan on making at least 100 outbound calls today and obtaining 4 FULL applications. Get on the phone
http://forum.brokeroutpost.com/loans/forum/2/196183.htm (Replies: 40)
Related tags: [law of averages]

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