ARCHIVED BLOG POSTS
2012
Supreme Court Says Discount Points Don't Equal Lower Rate Wow, I don't want to get all giddy here, but this looks like some common sense! According to an article written by Brian Collins in National Mortgage News, the supreme court ruled in favor of Quicken loans regarding a suit where the borrow...
05/25/2012
TEN COMMANDMENTS WHEN APPLYING FOR A MORTGAGE LOAN I came across this in "Origination News" online this morning and since it said I could copy and share, I'm copying and sharing. I have a list I send out to those who apply for a mortgage loan with D A Griffin Financial, this one is a little m...
05/17/2012
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WHO DO YOU TRUST MORTGAGE BROKER OR A BANK? When a home buyer or home owner is looking for financing, who do they trust a mortgage broker or a bank? From time to time I read articles written by someone in the financial sector who thinks they know a thing or two. I came across an article from thre...
05/16/2012
CFPB CONSIDERING A FLAT FEE FOR MORTGAGE ORIGINATORS I read today the CFPB is considering a "FLAT FEE" for loan origination compensation. This is after the April Fools Day change in 2011 that made it illegal to collect a fee from a consumer and from a lender on the same file, and made it mandat...
05/10/2012
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HOW DO MORTGAGE BROKERS GET PAID? How I get paid comes up early on in a conversation with a home loan applicant. Mortgage brokers are paid by either a consumer or by a lender, but not by both. Prior to April 2010, mortgage brokers could get paid by a combination, but the loan officer compensation...
05/07/2012
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Dora Griffin
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