Non Depository/Mortgage Institutions Schedule D Loans Origination

Size: px
Start display at page:

Download "Non Depository/Mortgage Institutions Schedule D Loans Origination"

Transcription

1 6/30/2015 Total Number Amount Discount Weighted (1) First mortgage FHA-15 yrs 24 $ 2,165 $0 $ (2) First mortgage VA-15 yrs 12 2, (3) First mortgage conventional conforming 15 yrs 20 2, (4) First mortgage conventional non-conform 15 yrs Subtotal 67 $ 7,640 $ 66 $ 62 (8) First mortgage FHA-30 yrs 1, ,403 (274) (9) First mortgage VA-30 yrs , (10) First mortgage conventional conforming 30 yrs , (11) First mortgage conventional non-conform 30 yrs 84 13, Subtotal 1,685 $ 210,347 $ 80 $ 1,091 (15) Reverse Mortgage ,407 (13) (include mortgage loans for personal use) 52 3, (17) Other mortgages - commercial property 12 3, (18) Second mortgages Subtotal 199 $ 17,492 $ 137 $ 581 Total 1,951 $ 235,479 $ 283 $ 1,734

2 Consolidated by Mortgage Companies 3/31/2015 Total Number Amount Discount Weighted (1) First mortgage FHA-15 yrs 33 $ 2,584 $0 $ (2) First mortgage VA-15 yrs 9 1, (3) First mortgage conventional conforming 15 yrs 17 2, (4) First mortgage conventional non-conform 15 yrs 10 1, Subtotal 69 $ 7,272 $ 53 $ 83 (8) First mortgage FHA-30 yrs 1, ,801 (250) (9) First mortgage VA-30 yrs , (10) First mortgage conventional conforming 30 yrs 85 10, (11) First mortgage conventional non-conform 30 yrs 87 15, Subtotal 1,621 $ 204,842 $ 216 $ 903 (15) Reverse Mortgage 102 7,891 (10) (include mortgage loans for personal use) 51 3, (17) Other mortgages - commercial property Subtotal 153 $ 11,109 $ (5) $ 370 Total 1,843 $ 223,223 $ 264 $ 1,356

3 12/31/2014 Total Number Amount Discount Weighted (1) First mortgage FHA-15 yrs 113 $ 8,963 ($4) $ (2) First mortgage VA-15 yrs 51 5, (3) First mortgage conventional conforming 15 yrs , (4) First mortgage conventional non-conform 15 yrs 30 4, Subtotal 435 $ 43,401 $ 99 $ 114 (8) First mortgage FHA-30 yrs 1, , (9) First mortgage VA-30 yrs , (10) First mortgage conventional conforming 30 yrs , (11) First mortgage conventional non-conform 30 yrs , Subtotal 2,328 $ 309,303 $ 774 $ 1,218 (15) Reverse Mortgage 142 9,760 (34) (include mortgage loans for personal use) 43 2, (17) Other mortgages - commercial property 7 1, Subtotal 192 $ 14,161 $ 29 $ 488 Total 2,955 $ 366,865 $ 902 $ 1,820

4 9/30/2014 Total Number Amount Discount Weighted (1) First mortgage FHA-15 yrs 126 $ 9,891 $5 $ (2) First mortgage VA-15 yrs 36 3, (3) First mortgage conventional conforming 15 yrs , (4) First mortgage conventional non-conform 15 yrs 46 7, Subtotal 491 $ 48,659 $ 231 $ 258 (8) First mortgage FHA-30 yrs 1, , (9) First mortgage VA-30 yrs , (10) First mortgage conventional conforming 30 yrs , (11) First mortgage conventional non-conform 30 yrs , (13) Type C mortgage loans 10 1, Subtotal 2,161 $ 290,730 $ 1,030 $ 1,444 (15) Reverse Mortgage 133 9,437 (16) (include mortgage loans for personal use) 38 2, (17) Other mortgages - commercial property Subtotal 174 $ 12,560 $ (14) $ 443 Total 2,826 $ 351,949 $ 1,247 $ 2,145

5 6/30/2014 Total Number Amount Discount Weighted (1) First mortgage FHA-15 yrs 104 $ 7,759 $11 $ (2) First mortgage VA-15 yrs 47 5, (3) First mortgage conventional conforming 15 yrs , (4) First mortgage conventional non-conform 15 yrs 41 5, Subtotal 489 $ 48,632 $ 183 $ 212 (8) First mortgage FHA-30 yrs 1, , (9) First mortgage VA-30 yrs , (10) First mortgage conventional conforming 30 yrs , (11) First mortgage conventional non-conform 30 yrs , Subtotal 2,191 $ 301,110 $ 1,225 $ 1,719 (15) Reverse Mortgage ,212 (16) (include mortgage loans for personal use) 48 2, (17) Other mortgages - commercial property Subtotal 204 $ 13,888 $ (6) $ 509 Total 2,884 $ 363,630 $ 1,402 $ 2,440

6 3/31/2014 Total Number Amount Discount Weighted (1) First mortgage FHA-15 yrs 90 $ 7,775 $20 $ (2) First mortgage VA-15 yrs 26 2, (3) First mortgage conventional conforming 15 yrs , (4) First mortgage conventional non-conform 15 yrs 17 2, Subtotal 525 $ 55,941 $ 160 $ 214 (8) First mortgage FHA-30 yrs 1, , , (9) First mortgage VA-30 yrs , (10) First mortgage conventional conforming 30 yrs , (11) First mortgage conventional non-conform 30 yrs , Subtotal 2,419 $ 317,683 $ 1,845 $ 1,935 (15) Reverse Mortgage 129 8,322 (2) (include mortgage loans for personal use) 43 2, (17) Other mortgages - commercial property 8 2, (18) Second mortgages (19) Loans for residential or commercial development 1 2, Subtotal 182 $ 14,992 $ 3 $ 540 Total 3,126 $ 388,616 $ 2,008 $ 2,689

Consolidated by Commercial Bank Schedule D Loans Origination

Consolidated by Commercial Bank Schedule D Loans Origination 6/30/2015 (a) First mortgage FHA-15 yrs 138 $ 13,642 $ 9 $ 11 3.36 (b) First mortgage VA-15 yrs 25 3,422 1 5 3.30 (c) First mortgage conventional conforming 15 yrs 508 57,084 344 164 3.06 (d) First mortgage

More information

QCommission Sample Plans Mortgage Broker Industry

QCommission Sample Plans Mortgage Broker Industry QCommission Sample Plans Mortgage Broker Industry Introduction The mortgage industry is primarily involved in providing loans to consumers. This industry is made up of many parts, governmental entities

More information

Mortgage Business Management Questionnaire

Mortgage Business Management Questionnaire Mortgage Business Management Questionnaire Name: Company: Date: 1. Produce and submit and formal resume for yourself and any other managers. Objective should be something like help other loan officers

More information

Capital Mortgage Funding The Best Mortgage Banker

Capital Mortgage Funding The Best Mortgage Banker Capital Mortgage Funding The Best Mortgage Banker Capital Mortgage Funding, a Leader in the Mortgage Banking Industry, and one of the largest independent mortgage banking firms in southeast Michigan, is

More information

INSTRUCTIONS. The Mortgage Stabilization and Relief Act, P.L. 2008, c. 127, ( the Act ) enacted

INSTRUCTIONS. The Mortgage Stabilization and Relief Act, P.L. 2008, c. 127, ( the Act ) enacted INSTRUCTIONS The Mortgage Stabilization and Relief Act, P.L. 2008, c. 127, ( the Act ) enacted on January 9, 2009, requires the Department of Banking and Insurance (Department) to promulgate regulations

More information

Financing Residential Real Estate

Financing Residential Real Estate Financing Residential Real Estate Chapter 1: Finance and Investment Borrowing Money to Buy a Home Investments and Returns Types of Investments Ownership Investments Debt Investments Securities Investment

More information

NATIONAL INTERACTIVE STUDY GROUP UNIT 8 QUESTIONS

NATIONAL INTERACTIVE STUDY GROUP UNIT 8 QUESTIONS NATIONAL INTERACTIVE STUDY GROUP UNIT 8 QUESTIONS National Interactive Study Group 2 SESSION 8 JOHN MATHIS Notes for Tonight 1. To MUTE your phone line use *6 2. To UNMUTE your phone line use #6 3. Chat

More information

Chapter 19. Residential Real Estate Finance: Mortgage Choices, Pricing and Risks. Residential Financing: Loans

Chapter 19. Residential Real Estate Finance: Mortgage Choices, Pricing and Risks. Residential Financing: Loans Chapter 19 Residential Real Estate Finance: Mortgage Choices, Pricing and Risks 10/25/2005 FIN4777 - Special Topics in Real Estate - Professor Rui Yao 1 Residential Financing: Loans Loans are classified

More information

ERRORS & OMISSIONS INSURANCE APPLICATION 877-245-5887 fax 310-796-9054 CA License # 0G78192 MORTGAGE BROKERS AND MORTGAGE BANKERS

ERRORS & OMISSIONS INSURANCE APPLICATION 877-245-5887 fax 310-796-9054 CA License # 0G78192 MORTGAGE BROKERS AND MORTGAGE BANKERS ERRORS & OMISSIONS INSURANCE APPLICATION 877-245-5887 fax 310-796-9054 CA License # 0G78192 This application is for a CLAIMS MADE insurance policy. If a policy is issued, this application will attach to

More information

20 Hour Mortgage Loan Originator SAFE Comprehensive Course Number: 1013 Provider ID: 1400024

20 Hour Mortgage Loan Originator SAFE Comprehensive Course Number: 1013 Provider ID: 1400024 20 Hour Mortgage Loan Originator SAFE Comprehensive Course Number: 1013 Provider ID: 1400024 Day 1 Agenda (1.0 hour) Session 1 - Part I: (1.0 hour) Session 1 - Part II: (1.5 hours) Session 2: Mortgage

More information

State of New Jersey Department of Banking & Insurance. Annual Report Worksheet for Residential Mortgage Brokers. Year Ending December 31, 2013

State of New Jersey Department of Banking & Insurance. Annual Report Worksheet for Residential Mortgage Brokers. Year Ending December 31, 2013 State of New Jersey Department of Banking & Insurance for Residential Mortgage Brokers New Jersey Department of Banking & Insurance Division of Banking Attn: Kristen Graham -- 5 th floor 20 West State

More information

Web Locking How to Lock Online with Sierra Pacific Mortgage

Web Locking How to Lock Online with Sierra Pacific Mortgage Web Locking How to Lock Online with Sierra Pacific Mortgage 1. Log into your SPM account and go to your Pipeline. The Pipeline will appear and function the same as in prior versions. Click either the Loan

More information

Broker. Financing Real Estate. Chapter 12. Copyright Gold Coast Schools 1

Broker. Financing Real Estate. Chapter 12. Copyright Gold Coast Schools 1 Broker Chapter 12 Financing Real Estate Copyright Gold Coast Schools 1 Learning Objectives Describe the difference between a note and a mortgage Explain the benefits of having the first recorded lien on

More information

Sun West Overview. Privately Held Flexibility to respond to Customers needs. CONFIDENTIAL Sun West Mortgage Company, Inc.

Sun West Overview. Privately Held Flexibility to respond to Customers needs. CONFIDENTIAL Sun West Mortgage Company, Inc. Sun West Overview Headquartered in Cerritos, California - Sun West has been serving our nationwide client base since 1980. Our diversified loan program experience includes FHA Single Family, FHA Reverse

More information

Private Mortgage Insurance (PMI)

Private Mortgage Insurance (PMI) Private Mortgage Insurance (PMI) Private Mortgage Insurance (PMI) New Law Requires Lenders to Cancel PMI If you are a homeowner, you will want to be aware of a new law that establishes rights for homeowners

More information

Different Types of Loans

Different Types of Loans Different Types of Loans All loans, no matter what they are, are either secured or unsecured. Knowing the difference can better help you understand how they work and what to expect when applying for one.

More information

Introduction. The new rules and forms take effect October 3 rd, 2015 for all loan applications submitted on or after that date.

Introduction. The new rules and forms take effect October 3 rd, 2015 for all loan applications submitted on or after that date. Introduction The new rules and forms take effect October 3 rd, 2015 for all loan applications submitted on or after that date. Phased-in approach: Continue to close out loans in the lender s pipeline using

More information

Conventional Financing

Conventional Financing Chapter 6 Conventional Financing 1 Chapter Objectives Identify the characteristics of a conventional loan. Define amortization. Identify different types of conventional loans. Discuss the use of private

More information

Estimated Purchaser Cost Form

Estimated Purchaser Cost Form Buyer s Cost 1 Estimated Purchaser Cost Form When to use the form: 1. before showing property; 2. at the time of an offer and/or counteroffer; and, 3. prior to the closing. 2 Estimated Purchaser Cost Form

More information

SECTION 7004 STREAMLINE REFINANCE PROGRAM

SECTION 7004 STREAMLINE REFINANCE PROGRAM SECTION 7004 STREAMLINE REFINANCE PROGRAM.01 INTRODUCTION The Streamline Refinance Program allows applicants to obtain new financing secured by property that is currently financed by AHFC (including previous

More information

SECTION 7003 REFINANCE PROGRAM

SECTION 7003 REFINANCE PROGRAM SECTION 7003 REFINANCE PROGRAM.01 INTRODUCTION The Refinance Program allows applicants to obtain new financing to improve the terms on their existing loan and/or finance renovations or home improvements.

More information

Housing Market and Mortgage Performance in the Fifth District

Housing Market and Mortgage Performance in the Fifth District QUARTERLY UPDATE Housing Market and Mortgage Performance in the Fifth District 1 st Quarter, 2015 Jamie Feik Lisa Hearl Joseph Mengedoth 400 375 350 325 300 Index, 1995:Q1=100 United States District of

More information

Hondros Learning The FHA & VA Appraiser: Thriving and Surviving Sample Timed Outline

Hondros Learning The FHA & VA Appraiser: Thriving and Surviving Sample Timed Outline Hondros Learning The FHA & VA Appraiser: Thriving and Surviving Sample Timed Outline Topic Area Course Introduction and Overview Chapter 1 The FHA: An Overview The Federal Housing Administration FHA Mortgage

More information

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015

INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 INTERIM FINANCIAL STATEMENT AS PER 30 SEPTEMBER 2015 15 3 Consolidated balance sheet 5 Consolidated income statement 6 Statement of changes in equity 7 Condensed notes INTERIM FINANCIAL STATEMENT AS PER

More information

Sun West Overview. Sun West Mortgage Company Inc. is a large Wholesale and Retail lender: On track to originate over $3billion in 2012.

Sun West Overview. Sun West Mortgage Company Inc. is a large Wholesale and Retail lender: On track to originate over $3billion in 2012. Sun West Overview Headquartered in Cerritos, California - Sun West has been serving our nationwide client base since 1980. Our diversified loan program experience includes FHA Single Family, FHA Reverse

More information

Chapter 10 6/16/2010. Mortgage Types and Borrower Decisions: Overview Role of the secondary market. Mortgage types:

Chapter 10 6/16/2010. Mortgage Types and Borrower Decisions: Overview Role of the secondary market. Mortgage types: Mortgage Types and Borrower Decisions: Overview Role of the secondary market Chapter 10 Residential Mortgage Types and Borrower Decisions Mortgage types: Conventional mortgages FHA mortgages VA mortgages

More information

Section 11.5. Buying a House with a Mortgage. Copyright 2013, 2010, 2007, Pearson, Education, Inc.

Section 11.5. Buying a House with a Mortgage. Copyright 2013, 2010, 2007, Pearson, Education, Inc. Section 11.5 Buying a House with a Mortgage INB Table of Contents Date Topic Page # February 19, 2014 Section 11.5 Examples 36 February 19, 2014 Section 11.5 Notes 37 2.3-2 What You Will Learn Homeowner

More information

Engaged in the Business of Servicing Residential Mortgage Loans Under the Montana Mortgage Act

Engaged in the Business of Servicing Residential Mortgage Loans Under the Montana Mortgage Act STATE OF MONTANA DEPARTMENT OF ADMINISTRATION DIVISION OF BANKING AND FINANCIAL INSTITUTIONS 301 South Park, Suite 316 PO Box 200546 Helena, MT 59620-0546 Phone: 406-841-2920 Fax: 406-841-2930 Website:

More information

5 Common Types of Home Loans

5 Common Types of Home Loans 5 Common Types of Home Loans Copyright 2015 Platinum Home Mortgage Corporation All Rights Reserved Feel free to email, tweet, blog, and pass this ebook around the web, but please don t alter any of its

More information

Fifth Third Home Buying Guide. A Guide to Residential Home Buying.

Fifth Third Home Buying Guide. A Guide to Residential Home Buying. Fifth Third Home Buying Guide A Guide to Residential Home Buying. Important Contacts and Numbers. Use this page to record important information as you move through the homebuying process. Realtor/Builder

More information

FIN-331 PHASE 2 HOMEWORK QUESTIONS (ERRATA: 10-24-2015)

FIN-331 PHASE 2 HOMEWORK QUESTIONS (ERRATA: 10-24-2015) FIN-331 PHASE 2 HOMEWORK QUESTIONS (ERRATA: 10-24-2015) Chapter 7: Key Terms Accrued depreciation Appraisal Comparable properties Market value Property adjustments Replacement cost Reproduction cost Restricted

More information

CRMS Exam Study Guide

CRMS Exam Study Guide CRMS Exam Study Guide The following five sections of this study guide provide questions similar to the ones you will encounter in the CRMS exam. The number of questions appearing below is proportional

More information

1-866-667-6724 Where homeownership education takes flight!

1-866-667-6724 Where homeownership education takes flight! 100% Financing Options for CalPERS Members Thank you for attending We will begin in a moment Class Scheduled to begin at 10:00am Homeownership Educator Scott Schang Branch Manager Broadview Mortgage Corporation

More information

1-866-667-6724 Where homeownership education takes flight!

1-866-667-6724 Where homeownership education takes flight! 100% Financing Options for CalPERS Members Thank you for attending We will begin in a moment Class Scheduled to begin at 10:00am Homeownership Educator Scott Schang Branch Manager Broadview Mortgage Corporation

More information

Financing Residential Real Estate: SAFE Comprehensive 20 Hours

Financing Residential Real Estate: SAFE Comprehensive 20 Hours Financing Residential Real Estate: SAFE Comprehensive 20 Hours COURSE ORGANIZATION and DESIGN Roy L. Ponthier, Ph.D., Ed.D., CDEI, DREI Executive Director Module 1: Finance and Investment Mortgage loans

More information

INTERNAL CONTROL AND LOSS PREVENTION SUPPLEMENTAL APPLICATION FOR NON-BANK LENDERS AND REAL ESTATE INVESTMENT TRUSTS

INTERNAL CONTROL AND LOSS PREVENTION SUPPLEMENTAL APPLICATION FOR NON-BANK LENDERS AND REAL ESTATE INVESTMENT TRUSTS Name of Insurance Company to which application is made INTERNAL CONTROL AND LOSS PREVENTION SUPPLEMENTAL APPLICATION FOR NON-BANK LENDERS AND REAL ESTATE INVESTMENT TRUSTS NAME OF INSURED: ADDRESS: DATE:

More information

You can send requested documents by Fax or Email: FAX: 210-637-4156 EMAIL: mortgageapps@rbfcu.org

You can send requested documents by Fax or Email: FAX: 210-637-4156 EMAIL: mortgageapps@rbfcu.org Mortgage Lending FAX: 210.637.4156 EMAIL: mortgageapps@rbfcu.org Dear Member (s), Thank you for considering RBFCU for your home construction financing needs. To complete your loan transaction, please send

More information

With our Classic Program of alternative mortgage solutions, we have all the options for your conforming and non-conforming B clients.

With our Classic Program of alternative mortgage solutions, we have all the options for your conforming and non-conforming B clients. Classic Program BRITISH COLUMBIA With our Classic Program of alternative mortgage solutions, we have all the options for your conforming and non-conforming B clients. Classic Mortgage Maximum 80% LTV Purchase

More information

Home Buying Seminar. A presentation by The Summit Federal Credit Union

Home Buying Seminar. A presentation by The Summit Federal Credit Union Summit Branches are located in Rochester (7), Seneca Falls (1), Buffalo (3), Syracuse (5) and Cortland (2) Home Buying Seminar A presentation by The Summit Federal Credit Union What We Will Cover Today

More information

6/18/2015. Sources of Funds for Residential Mortgages

6/18/2015. Sources of Funds for Residential Mortgages Sources of Funds for Residential Mortgages McGraw-Hill/Irwin Copyright 2013 by The McGraw-Hill Companies, Inc. All rights reserved. 11-2 11-3 11-4 Formerly backbone of home mortgage finance Dominated mortgage

More information

Conventional Fixed Rate Conforming Product Guidelines

Conventional Fixed Rate Conforming Product Guidelines Loan Parameters Loan Purpose Allowed Minimum Credit Score Maximum LTV/CLTV Owner Occupied & Second Home Maximum LTV/CLTV Non-Owner Occupants Max. Loan Amount Subordinate Financing Maximum Ratios Max. No.

More information

Website E-Mail Address

Website E-Mail Address State of New Jersey Discontination of Licensed Business Operations Department of Banking & Insurance Provide all Licensed Lender business activity from P.O. Box 040, Trenton, NJ 08625 Jan. 1st up until

More information

Chapter 15 Questions Real Estate Financing: Practice

Chapter 15 Questions Real Estate Financing: Practice Chapter 15 Questions Real Estate Financing: Practice 1. Kahlid has been making periodic payments of principal and interest on a loan, but the final payment will be larger than the others. This is a(n)

More information

ABILITY TO REPAY/QUALIFIED MORTGAGE RULE

ABILITY TO REPAY/QUALIFIED MORTGAGE RULE ABILITY TO REPAY/QUALIFIED MORTGAGE RULE Overview Information contained in this document is proprietary to Quicken Loans Inc. and may not be reproduced or disclosed without written authorization. This

More information

Eight Mistakes Borrowers make when applying for a mortgage

Eight Mistakes Borrowers make when applying for a mortgage Report 4 Eight Mistakes Borrowers make when applying for a mortgage Free Mortgage Information Copyright 1997 2007 - vlender.com Licensed Content Eight Mistakes Borrowers make when applying for a mortgage

More information

2016 Home Financing for Doctors. What Obstacles Do You Face? (Can you buy a home?)

2016 Home Financing for Doctors. What Obstacles Do You Face? (Can you buy a home?) 2016 Home Financing for Doctors This is what you NEED to know by Tal Frank talfrank@physicianloans.com 404-321-3931 www.physicianloans.com What Obstacles Do You Face? (Can you buy a home?) Obstacles Little/no

More information

First American Nationwide Documents

First American Nationwide Documents First American Nationwide Documents Overview First American Nationwide Documents specializes in loan document preparation and electronic loan delivery services for the mortgage lending industry. We offer

More information

Which Home Loan is Right for You?

Which Home Loan is Right for You? Conventional Which Home Loan is Right for You? Minimum down payment: 3% for Primary Residences/ investors minimum of 20%, unless condo the down payment = 25% Co-Signers allowed in specific situations Options

More information

NATIONAL DELINQUENCY SURVEY: FACTS

NATIONAL DELINQUENCY SURVEY: FACTS NATIONAL DELINQUENCY SURVEY: FACTS The NDS is a voluntary survey of over 120 mortgage lenders, including mortgage banks, commercial banks, thrifts, savings and loan associations, subservicers and life

More information

Settlement. Coming to Grips With. Coming to Grips With Settlement. What to Know Before Your Closing. The Event. What Is Closing?

Settlement. Coming to Grips With. Coming to Grips With Settlement. What to Know Before Your Closing. The Event. What Is Closing? Coming to Grips With Settlement Coming to Grips With Settlement What to Know Before Your Closing The closing, also known as the settlement, is the last step in getting your mortgage and actually becoming

More information

Sales Associate Course

Sales Associate Course Sales Associate Course Chapter Thirteen Types of Mortgages & Sources of Finance Copyright Gold Coast Schools 1 Types of Mortgages FHA - Federal Housing Administration VA - Veterans Administration Conventional

More information

10 LOAN CLOSING. WSHFCPostClosing@ahfa.com

10 LOAN CLOSING. WSHFCPostClosing@ahfa.com 10 LOAN CLOSING COMPLIANCE APPROVAL Once the Commission approves the Mortgage Loan for compliance, the Mortgage Lender may close the loan. CLOSING DOCUMENTS WSHFCPostClosing@ahfa.com In general, the Mortgage

More information

Company LOGO. Wholesale Division April 2008

Company LOGO. Wholesale Division April 2008 Company LOGO FIRST MORTGAGE CORPORATION Pricing Training Wholesale Division April 2008 Agenda 1. Introduction 3. How to Read the FMC Rate Sheet 2. Important Reminders 6. Capital Markets Team First Mortgage

More information

Wholesale Conventional, FHA, VA & USDA Fee Sheet

Wholesale Conventional, FHA, VA & USDA Fee Sheet Lender fees are not applicable if you select the Lender Fee buyout. CONVENTIONAL FEES Fee Description (CA) (NON-CA) (TEXAS ONLY) (NEW JERSEY (NC Loan >10,000 & < 300,000 (WA (IA Lender Underwriting $975

More information

Settlement. Coming to Grips With. What to Know before Your Closing. The Event. What Is Closing?

Settlement. Coming to Grips With. What to Know before Your Closing. The Event. What Is Closing? Coming to Grips With Settlement What to Know before Your Closing The closing, or settlement, is the last step in getting your mortgage and actually becoming the owner of your new home. You ll probably

More information

FHA Home Loans 101 An Easy Reference Guide

FHA Home Loans 101 An Easy Reference Guide FHA Home Loans 101 An Easy Reference Guide Updated for loans on or after January 26, 2015 Congratulations on Starting Your Journey to Home Ownership This guide offers a quick look at vital information

More information

CalStar Mortgage Inc. For All Your Financing Needs

CalStar Mortgage Inc. For All Your Financing Needs CalStar Mortgage Inc. For All Your Financing Needs Jasmen Vartanian Tel: 818-952-2701 Email: Jasmen@calstarinc.com www.calstarmortgage.com Excellent Service since 1987 1033 Foothill Blvd. La Canada Flintridge,

More information

Table of Contents. Moseley Flint Schools of Real Estate 1 All rights reserved

Table of Contents. Moseley Flint Schools of Real Estate 1 All rights reserved Table of Contents Chapter One: Mortgages... 3 Important Terms... 3 Mortgage Markets Defined... 4 Lenders / Loan Originators... 4 Types of Real Estate Loans... 5 Federally Regulated... 5 Types of Federally

More information

Teacher's Guide. Lesson Five. Buying a Home 04/09

Teacher's Guide. Lesson Five. Buying a Home 04/09 Teacher's Guide $ Lesson Five Buying a Home 04/09 buying a home websites Buying a Home is a major life milestone that requires some thoughtful planning and know-how. Students need to understand all aspects

More information

Iowa Finance Authority Overview. April 18, 2013

Iowa Finance Authority Overview. April 18, 2013 Iowa Finance Authority Overview April 18, 2013 Introduction Mission: To finance, administer, advance and preserve affordable housing and to promote community and economic development for Iowans. History

More information

JOHN A. SMALDONE 1165 SUMMERFIELD DRIVE MARYVILLE, TENNESSEE 37801

JOHN A. SMALDONE 1165 SUMMERFIELD DRIVE MARYVILLE, TENNESSEE 37801 1 of 5 Education: JOHN A. SMALDONE 1165 SUMMERFIELD DRIVE MARYVILLE, TENNESSEE 37801 1962 Graduated, Linton High School, Schenectady, New York. Major Business Administration 1965 Albany Business College,

More information

MORTGAGE TERMINOLOGY DEFINED

MORTGAGE TERMINOLOGY DEFINED MORTGAGE TERMINOLOGY DEFINED 1-year Adjustable Rate Mortgage Mortgage where the annual rate changes yearly. The rate is usually based on movements of a published index plus a specified margin, chosen by

More information

UPDATED Home Loan Options for CalPERS Members Homeownership Education Workbook and Notes

UPDATED Home Loan Options for CalPERS Members Homeownership Education Workbook and Notes UPDATED Home Loan Options for CalPERS Members Homeownership Education Workbook and Notes Slide 1 UPDATED Home Loan Options for CalPERS Members Thank you for attending We will begin in a moment Class Scheduled

More information

Uniform Residential Loan Application

Uniform Residential Loan Application This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as Borrower or Co-Borrower, as applicable. Co-Borrower information must

More information

INDEPENDENT CONTRACTOR AGREEMENT CALIFORNIA PROPERTY RESOURCES CONTRACT PROCESSING

INDEPENDENT CONTRACTOR AGREEMENT CALIFORNIA PROPERTY RESOURCES CONTRACT PROCESSING INDEPENDENT CONTRACTOR AGREEMENT CALIFORNIA PROPERTY RESOURCES CONTRACT PROCESSING This Independent Contractor Agreement (the "Agreement") is entered into this [ day of,2013 ] by and between [ ] (the Mortgage

More information

Volume Title: The Postwar Residential Mortgage Market. Volume URL: http://www.nber.org/books/klam61-1. Chapter URL: http://www.nber.

Volume Title: The Postwar Residential Mortgage Market. Volume URL: http://www.nber.org/books/klam61-1. Chapter URL: http://www.nber. This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: The Postwar Residential Mortgage Market Volume Author/Editor: Saul B. Klaman Volume Publisher:

More information

Mortgage & Equity Release Guide

Mortgage & Equity Release Guide Edward Wilson Financial Services OVERVIEW Experience We have been advising clients since 1994, and have a wealth of experience for which there is no substitute. As an appointed representative of the Sesame

More information

Financing Residential Real Estate. Lesson 12: VA-Guaranteed Loans

Financing Residential Real Estate. Lesson 12: VA-Guaranteed Loans Financing Residential Real Estate Lesson 12: VA-Guaranteed Loans Introduction In this lesson we will cover: characteristics of VA loans, eligibility requirements, VA guaranty, VA loan amounts, and underwriting

More information

ATR and QM Effective Date

ATR and QM Effective Date The Consumer Financial Protection Bureau (CFPB) has issued the final regulations to implement the Ability to Repay (ATR) and Qualified Mortgage (QM) provisions under the Dodd-Frank Act. Greenbox Loans

More information

Submitting a loan to Freedom Mortgage through our Banking channel

Submitting a loan to Freedom Mortgage through our Banking channel Submitting a loan to Freedom Mortgage through our Banking channel Account Executive: Zaida Dykes at Freedom Mortgage (760) 500-9743 cell (866) 861-3500 office www.freedomwholesale.com FHA ID 7515901820

More information

Loan Estimate. Loan Terms. Projected Payments. Costs at Closing. Save this Loan Estimate to compare with your Closing Disclosure.

Loan Estimate. Loan Terms. Projected Payments. Costs at Closing. Save this Loan Estimate to compare with your Closing Disclosure. Loan Estimate DATE ISSUED APPLICANTS PROPERTY SALE PRICE Loan Terms Save this Loan Estimate to compare with your Closing Disclosure. LOAN TERM 30 years PURPOSE Purchase PRODUCT 5 Year Interest Only, 5/3

More information

Reverse Mortgages from Live Well Financial

Reverse Mortgages from Live Well Financial Reverse Mortgages from Live Well Financial What is a reverse mortgage? A reverse mortgage is a tool that allows you to access the equity you ve built up in your home in the form of cash. Essentially, it

More information

New FHA Condo Eligibility Feature

New FHA Condo Eligibility Feature New FHA Condo Eligibility Feature RatePlug now offers FHA approval and eligibility information for all condos and townhomes in the MRED database. RatePlug works with a third party company that specializes

More information

Financing Residential Real Estate. Lesson 12: VA-Guaranteed Loans

Financing Residential Real Estate. Lesson 12: VA-Guaranteed Loans Financing Residential Real Estate Lesson 12: VA-Guaranteed Loans Introduction In this lesson we will cover: characteristics of VA loans, eligibility requirements, VA guaranty, VA loan amounts, and underwriting

More information

IRRRL s Interest Rate Reduction Refinance Loans. Allow REMN to Introduce You to IRRRL

IRRRL s Interest Rate Reduction Refinance Loans. Allow REMN to Introduce You to IRRRL IRRRL s Interest Rate Reduction Refinance Loans Allow REMN to Introduce You to IRRRL January 2013 Agenda Welcome What is IRRRL? Sales IRRRL Highlights Q&A Webinar Questions We will be collecting questions

More information

Mortgages and Mortgage -Backed Securiti curi es ti Mortgage ort gage securitized mortgage- backed securities (MBSs) Primary Pri mary Mortgage Market

Mortgages and Mortgage -Backed Securiti curi es ti Mortgage ort gage securitized mortgage- backed securities (MBSs) Primary Pri mary Mortgage Market Mortgages and Mortgage-Backed Securities Mortgage Markets Mortgages are loans to individuals or businesses to purchase homes, land, or other real property Many mortgages are securitized Many mortgages

More information

Home Buying Best Practices

Home Buying Best Practices LOAN AND HOME BUYING BEST PRACTICES About TSAHC The Texas State Affordable Housing Corporation (TSAHC) is a nonprofit housing corporation created at the direction of the Texas Legislature to facilitate

More information

Uniform Residential Loan Application Washington Federal Savings

Uniform Residential Loan Application Washington Federal Savings Uniform Residential Loan Application Washington Federal Savings This application is designed to be completed by the Applicant(s) with the Lender's assistance. Applicants should complete this form as "Borrower"

More information

No Money Down Investing R E I E T U T O R

No Money Down Investing R E I E T U T O R No Money Down Investing R E I E T U T O R What is No Money Down Investing? Different Investors Have Different Meanings Meaning # 1 No cash out of your pocket Meaning # 2 No cash or financing out of your

More information

Real Estate Principles Chapter 14 Quiz

Real Estate Principles Chapter 14 Quiz Real Estate Principles Chapter 14 Quiz 1. A broker helps a buyer apply for financing and explains the loan processing costs involved at closing. A copy of the HUD booklet "Special Information Booklet"

More information

Compliance. Quality. Efficiency. Origination Insight Report

Compliance. Quality. Efficiency. Origination Insight Report Origination Insight Report FEBRUARY 2015 INTRODUCTION The Ellie Mae Origination Insight Report provides monthly data and insights from a robust sampling of closed loan applications that flow through Ellie

More information

Financial Reports Balance Sheet

Financial Reports Balance Sheet Financial Reports Balance Sheet It s the end of the month. The church board is looking to you to print reports that show the financial status of the church. How is that assignment going for you? Do the

More information

PORTFOLIO ARM CLOSED END 2 ND TD. Table of Contents

PORTFOLIO ARM CLOSED END 2 ND TD. Table of Contents Table of Contents 1. Program Codes...2 2. Product Overview...2 3. Product Summary...2 4. Documentation...2 5. Underwriting...2 6. Qualifying Rate...2 7. Borrower Eligibility...2 8. Appraisal...3 9. Appraised

More information

Montana Board of Housing. Reverse Annuity Mortgage Program (RAM)

Montana Board of Housing. Reverse Annuity Mortgage Program (RAM) Montana Board of Housing Reverse Annuity Mortgage Program (RAM) Purpose The Montana Board of Housing (MBOH) Reverse Annuity Mortgage provides financial flexibility to Montana s low- and moderate-income

More information

Market Report for December 2011 Includes SFR, Condo and Townhomes

Market Report for December 2011 Includes SFR, Condo and Townhomes Market Report for Total Sales 4,170 11,111 Summary of Financing Used to Purchase Property Cash 2,090 50.12% Conv. Loan 975 23.38% FHA 860 20.62% VA 187 4.48% Other 58 1.39% VA 5% Summary of Finance Used

More information

Market Report for July 2011 Includes SFR, Condo and Townhomes

Market Report for July 2011 Includes SFR, Condo and Townhomes Market Report for Total Sales 3,963 14,102 Summary of Financing Used to Purchase Property Cash 2,033 51.30% Conv. Loan 892 22.51% FHA 822 20.74% VA 162 4.09% Other 54 1.36% VA 4% Summary of Finance Used

More information

Market Report for November 2011 Includes SFR, Condo and Townhomes

Market Report for November 2011 Includes SFR, Condo and Townhomes Market Report for Total Sales 3,834 12,213 Summary of Financing Used to Purchase Property Cash 1,826 47.63% Conv. Loan 916 23.89% FHA 846 22.07% VA 196 5.11% Other 50 1.30% VA 5% Summary of Finance Used

More information

Energy Efficient Mortgages & HERS Ratings. Peter V. Vargo Nu-Tech Energy Solutions, Co LLC

Energy Efficient Mortgages & HERS Ratings. Peter V. Vargo Nu-Tech Energy Solutions, Co LLC Energy Efficient Mortgages & HERS Ratings Peter V. Vargo Nu-Tech Energy Solutions, Co LLC PA Housing & Land Development Conference February 20, 2013 Energy Efficient Mortgages & HERS Ratings Peter V. Vargo

More information

Issuer Outreach Call. June 12, 2014

Issuer Outreach Call. June 12, 2014 Issuer Outreach Call June 12, 2014 1 Notice and Disclaimer Please note that the intention of this call is solely to provide information and solicit Issuer feedback on the topics presented in the Issuer

More information

A Guide To Reverse Mortgages

A Guide To Reverse Mortgages A Guide To Reverse Mortgages What is a Reverse Mortgage? A Home Equity Conversion Mortgage (HECM) is a program designed for seniors that is ensured by the Federal Housing Authority (FHA). The program was

More information

An Introduction to CalSTRS, CalPERS and CHDAP Loan Programs Homeownership Education Workbook and Notes

An Introduction to CalSTRS, CalPERS and CHDAP Loan Programs Homeownership Education Workbook and Notes An Introduction to CalSTRS, CalPERS and CHDAP Loan Programs Homeownership Education Workbook and Notes Slide 1 An Introduction to CalSTRS, CalPERS & CHDAP Homebuyer Programs We will begin in a moment Homeownership

More information

DEPARTMENT OF LABOR, LICENSING AND REGULATION SUBTITLE 03 - Commissioner of Financial Regulation. Chapter:

DEPARTMENT OF LABOR, LICENSING AND REGULATION SUBTITLE 03 - Commissioner of Financial Regulation. Chapter: DEPARTMENT OF LABOR, LICENSING AND REGULATION SUBTITLE 03 - Commissioner of Financial Regulation Chapter: 09.03.01 - Credit Unions Authority: Financial Institutions Article, 2-105.1, Annotated Code of

More information

Understanding Calyx Point DocMagic Interface Guide Version 1.1

Understanding Calyx Point DocMagic Interface Guide Version 1.1 Understanding Calyx Point DocMagic Interface Guide Version 1.1 Document Systems, Inc. 20501 South Avalon Blvd., Suite B Carson, CA 90746 (800) 649-1362 http://www.docmagic.com October 8, 2008 Preface This

More information

ARTICLES OF INCORPORATION OF PARKWOOD RANCH COMMUNITY MASTER ASSOCIATION

ARTICLES OF INCORPORATION OF PARKWOOD RANCH COMMUNITY MASTER ASSOCIATION ARTICLES OF INCORPORATION OF PARKWOOD RANCH COMMUNITY MASTER ASSOCIATION In compliance with the requirements of 10-2301, ET SEQ, Arizona Revised Statutes, the undersigned, who is a person capable of contracting,

More information

Mississippi Home Corporation. Betty Temple Vice President Single Family Program Operations (601) 718.4626 Betty.Temple@mshc.com www.mshomecorp.

Mississippi Home Corporation. Betty Temple Vice President Single Family Program Operations (601) 718.4626 Betty.Temple@mshc.com www.mshomecorp. Mississippi Home Corporation Betty Temple Vice President Single Family Program Operations (601) 718.4626 Betty.Temple@mshc.com www.mshomecorp.com Mortgage Credit Certificate [ MCC ] Program MCC Tax Credits

More information

Introduction to PowerSaver For Virginia LEAP and Chapel Hill WISE

Introduction to PowerSaver For Virginia LEAP and Chapel Hill WISE Introduction to PowerSaver For Virginia LEAP and Chapel Hill WISE What You Will Learn Today Who is behind the PowerSaver loan Why PowerSaver loan was developed About Sun West and EGIA Loan Specifications

More information

Great Rates. Great Programs. Great Service.

Great Rates. Great Programs. Great Service. Presented by: Colleen Moore, CRMP National Reverse Mortgage Director Great Rates. Great Programs. Great Service. What Is A Reverse Mortgage (HECM)? HOME EQUITY CONVERSION MORTGAGE is a mortgage secured

More information

RESIDENTIAL MORTGAGE PRODUCT INFORMATION DISCLOSURE

RESIDENTIAL MORTGAGE PRODUCT INFORMATION DISCLOSURE RESIDENTIAL MORTGAGE PRODUCT INFORMATION DISCLOSURE Whether you are buying a house or refinancing an existing mortgage, this information can help you decide what type of mortgage is right for you. You

More information

LOAN SUBMISSION PROCEDURES

LOAN SUBMISSION PROCEDURES INTRODUCTION Brokers upload or manually enter data files and required documents via the website. Data files and documents submitted prior to 2:00 pm CT (Birmingham Fulfillment Center) or 4:00 p.m. PT (San

More information

SELLER S NET & BUYER S COST

SELLER S NET & BUYER S COST SELLER S NET & BUYER S COST Closing Day The day of closing is the responsibility of the seller with the exception of prepaid interest on a new loan and a new insurance policy. Taxes nsurance nterest New

More information