All Posts Tagged With: "Stevens"
Are demands for higher FHA mortgage loan credit scores discriminatory?
Can lenders demand a higher credit score than FHA guidelines require? Are demands for such higher scores evidence of discrimination? “This decision is arbitrary,” says John Taylor, president & CEO of the National Community Reinvestment Coalition, “because the loans are 100% guaranteed, whether the borrower’s credit score is 580 or 780. That means the loans [...]
20Dec2010 | Peter G. Miller | 0 comments | Continued
What Is A Mortgage Loan Worksheet?
Starting in 2010 the government introduced a new Good Faith Estimate form which required lenders to spell out loan costs in very precise and standardized language — information which lenders must honor at closing. The new form from HUD has raised a question among some lenders as to whether a pre-approval letter or a pre-qualification [...]
1Jul2010 | Peter G. Miller | 0 comments | Continued
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