Shawn Olson's (shawnsuper08) Blog

QUALITY LOANS- THERE IS NO SUBSTITUTE!  WE ALL MUST BE VERY CAREFUL. THESE COMPANIES HAD A HIGH RATE OF PROBLEMS WITH FHA -INSURED MORTGAGES, DEFAULTED LOANS. Below are the companies that received subpoenas from HUD's Office of Inspector General on Tuesday:   First Tennessee Bank N.A., Memphis, T...

THE $8000 TAX CREDIT IS FOR FIRST TIME HOMEBUYERS, MUST HAVE BINDING SALES CONTRACT SIGNED BY APRIL 30 2010 AND CLOSE BY JUNE 30TH.  THE $6500 TAX CREDIT IS FOR IF YOU  OWNED AND LIVED FOR AT LEAST FIVE CONSECUTIVE YEARS OUT OF THE LAST 8 YEARS.  SEE YOR TAX ACCOUNTANT FOR MORE DETAIL INFORMATION...

IM SURPRISED MY HOW MANY REALTORS, TITLE COMPANIES, AND ETC THAT HAVE NOT HAD TRAINING ON THESE CHANGES THAT TOOK EFFECT JAN 1ST.  TO BE A PROFESSIONAL IN THIS INDUSTRY YOU MUST ALWAYS BE A STUDENT.  THE LOAN PROCESS WILL BE A LITTLE SLOWER NOW!  I THINK THE NEW GFE IS MORE CONFUSING THAN THE OLD...

WHAT DOES EVERYONE THINK OF THE NEW 3 PAGE GFE AND THE RESPA CHANGES?  WILL IT SLOW UP THE CLOSING PROCESS?  THOUGHTS???

IM LOOKING FOR LOANS TO DO IN MINNESOTA, I HAVE 20 YEARS IN THE INDUSTRY AND WOULD LIKE TO GET YOUR DEALS DONE FOR YOU.  IM LOOKING TO BUILD RELATIONSHIPS WITH NEW REALTORS. SHAWN OLSON WWW.OLSONHOMELOANS.COM 651-230-1313