FHA issued clarification today regarding disputed accounts on a borrower's credit report. As you will note below, FHA requires that whenever a disputed account exists on the credit report, the file must be downgraded to a manual underwrite, unless one of the 3 exceptions listed below exist.
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04/29/2011
Have a great week. Rob Robert Rauf Mortgage Loan Originator/Mortgage Banker NMLS ID# 248937 www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf (732)223-1630 x102 RRauf@REMN.com Since 1987 I have been helping my clients fulfill their dream of home ownership! Real Est
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04/27/2011
Last week ended up being a fairly quiet one with out any surprises on the calendar. Even with a holiday shortened week we saw Fannies improve slightly gaining 5/32nds for the week. This week is a MUCH busier calendar to deal with, and we have something brandy new on Wednesday to look forward to,
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04/26/2011
Have a great week. Rob Robert Rauf Mortgage Loan Originator/Mortgage Banker NMLS ID# 248937 www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf (732)223-1630 x102 RRauf@REMN.com Since 1987 I have been helping my clients fulfill their dream of home ownership! Real Est
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04/20/2011
All Mortgage Loan Originators are not the same For the vast majority of people, buying a home is the largest single transaction in their lifetime Shouldn't you know exactly who you are dealing with in this transaction? As of 2010 all Mortgage Loan Originators that work for a Mortgage Banker o
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04/19/2011
The past few weeks have had their share of fun! We are living in such a global environment: The flight to quality appears to be over, 2 weeks ago interest rate hikes in Europe and China sent a wave of fear in our markets withinvestors thinking the Fed would need to follow suit with rate hikes
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04/18/2011
Have a great week! Rob Robert Rauf Mortgage Banker NMLS ID# 248937 www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf (732)223-1630 x102 RRauf@REMN.com Since 1987 I have been helping my clients fulfill their dream of home ownership! Real Estate Mortgage Network Inc.
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04/13/2011
Last week was the third week in a row of steadily climbing rates. Fannies lost 14/32ndsfor the week. This steady trend up seems to indicate that the world issues are no longer flowing funds into our credit markets in the same fashion we saw a while back. Considering the rebound in stocks and th
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04/11/2011
WHAT: FlowerFest at the Ocean County Library WHEN: Saturday April 9, 11 a.m. - 3 p.m. WHERE: 101 Washington St, Toms River, NJ 08753 CONTACT: Carol Anne Zsiga, 732-349-6200, ext. 5123 czsiga@theoceancountylibrary.org COST: FREE!!! TOMS RIVER - Remember: April showers bring May flowers
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04/07/2011
The only acceptable beach garbage! Have a great week. Rob Robert Rauf Mortgage Banker NMLS ID# 248937 www.RobertRaufHomeLoans.com or my blog: http://activerain.com/blogs/rrauf (732)223-1630 x102 RRauf@REMN.com Since 1987 I have been helping my clients fulfill their dream of home ownership!
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04/06/2011