The Dodd-Frank Act created the CFPB, one of the strongest federal agencies we’ve ever seen. Here’s why it was created and how it works. On part two of our series about what has changed since the mortgage meltdown, we’re taking a closer look at the Dodd-Frank Act and specifically, the Consumer Finance Protection Bureau. The […]

Today we’ll discuss one of the first changes to the mortgage industry stemming from the meltdown: the National Mortgage Licensing System. Welcome to my new seven-part video series titled “What Changed After the Mortgage Meltdown.” For the first installment, we’ll discuss the National Mortgage Licensing System (or the NMLS). What is it and why is […]

FHA financing will not only let you buy with a low down payment, but they’ll also let you buy a two-unit property with it. Here’s how. One of the problems that I’m noticing in our local community in the L.A. area is the cost of buying real estate. It’s probably happening in your area too. […]

Recent changes were made to the mortgage algorithms that approve homebuyers, but there’s a solution to these changes. Many of the ways we lenders look at risk in terms of approving mortgages are through algorithms, and important changes to these algorithms were made on July 20 this year. Specifically, these changes affect the way these […]

FHA mortgages have a unique feature that makes them a powerful tool when it comes time to sell your home. I have a secret about FHA financing that I’d like to share with you today. I love FHA financing. I look at it as the federal government’s way of saying YES. FHA mortgages are federally […]