Posts Tagged Mortgages
According the Utah Division of Real Estate nearly half of all licensed mortgage loan officers that started 2010 have not met the new National Mortgage Licensing System requirements and the December 31 deadline is approaching fast.
Following is a fantastic and simple explanation of what is happening in the mortgage industry and how it will affect you, the consumer. Big Banks have for the past couple of years been influencing Congress and laws have been passed that cripple competition to the Big Banks in the form of the independent wholesale mortgage broker. Bank of America even announced last week that it is closing it’s wholesale channel to brokers as soon as all current loans in their wholesale pipeline are done.
So take four minutes and watch this video. I think it you’ll like it.