Loan Modification Schemes

  BROKER RISK MANAGEMENT WEEKLY PRACTICE TIP  Loan Modification Schemes    Q:  I have been approached by a company that does loan modifications for homeowners.  They want me to sign up with them, send them the names of my past homebuyer clients who still own their...

Loan Modification Referrals

  BROKER RISK MANAGEMENT WEEKLY PRACTICE TIP  Loan Modification Referrals  Q:  I understand the reasons why it might not be a good idea to help homeowners with their loan modifications for a fee when they are not involved in a sale transaction with me.  But, my...

FHA Loans, An Update

  BROKER RISK MANAGEMENT  WEEKLY PRACTICE TIP  FHA Loans – An Update    Whereas FHA loans were previously a small percentage of California mortgage loans, they are becoming more common because of:  (1)  increased loan limits, and (2)  the reduction in the average sale...

FHA Loans

  BROKER RISK MANAGEMENT  WEEKLY PRACTICE TIP  FHA Loans    Q:  I am a listing agent on a single-family property.  I received an offer from a buyer and I noticed that buyer indicated that buyer was applying for an FHA loan but, not knowing much about FHA loans, we did...

Lender Fraud — An Update

  BROKER RISK MANAGEMENT WEEKLY PRACTICE TIP  Lender Fraud — An Update  There was a spate of lender fraud in the recent sellers’ market characterized by inflating sales prices, cash outside of escrow back to buyers, fraudulent loan applications, etc.  This...