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Entries for the ‘Regulatory Changes’ Category

Quality Initiative-Delays maybe ahead if you aren’t prepared…..

Effective June 1 (some items July 1) there will be many changes to Fannie Mae which are called the Quality Initiative.  Many o f these changes are trasnparent to the consumer and those involved in the transaction, but could cause some confusion, possibly some delays and some turn downs well into the mortgage process. Being [...]

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New Good Faith Estimate

After years of trying it seems that we are right around the corner from the much anticipated new and “improved” Good Faith Estimate.  The idea behind this estimate is to change the wanton disregard that many originators in the past had used when “dispensing” these pieces of important paper.  Now under the rules and regs [...]

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Razor Mortgage LLC
700 Harry L. Drive Suite 220
Johnson City, NY 13790
Tel: 607.797.1200 Fax: 607.797.1220
www.RazorMortgage.com

Registered Mortgage Broker, NYS Banking Department. All loans provided by third party providers.

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