Posted by bobnone | Posted in Home Buying & Real Estate | Posted on 14-10-2009
Modular Home Financing Companies ~~ Home & Real Estate Matters ~~
Even with some rather ugly stories about mortgage broker and mortgage banker loan officers in the last couple of years to point out industry problems, the Arizona Association of Mortgage Brokers had to force through legislation to license individual loan officers in Arizona. (Only companies are licensed now.) For all the finger pointing that has been going on during the current lending troubles, the AAMB was required to do a political end-run around an Arizona Senate Banking Committee chair who felt the law was too much regulation and set too high a bar for entry.
In previous years, we have had stiff opposition from the Arizona Mortgage Lenders Association. (previously “Mortgage Bankers Association”). They felt they shouldn’t be compelled to license their loan officers because they were “too well trained, etc.” As late as last year, I felt they had secretly opposed the legislation even after being called on the carpet by our new Superintendent of Financial Institutions for not supporting the AAMB’s effort. This year, there were damned few bankers left to argue about it. FDIC insured and federally chartered institutions will remain exempt. Arizona does not license or supervise them.
DFI Superintendent Felecia Rotellini is a brilliant attorney with experience in prosecuting financial crimes at the Attorney General’s office. Honest lenders respect and support her and the crooks have learned to fear her, just as it should be. There is a new “Sheriff” in town and we like her willingness to work with those of us who see this industry as something more than a job.
Having helped to found the AAMB 28 years ago, we think this legislation has proven to be its finest effort. It has taken 10 years to pass a law that is sorely needed. As employers, we have suffered for years with companies not being willing to tell us that they fired a loan officer for cheating, stealing, or fraud. So the “bad apples” never got taken out of the business. They just went from one company to another. Now the prospective hire will either have a license that requires education and background checks or they won’t be allowed to work. Individual loan originators will start to bear some individual responsibility for their actions even while their employer remains ultimately accountable for their actions. Arizona Home buyers and home owners should have a much higher level of confidence when dealing with mortgage loan originators in the future.
It was the mortgage broker industry, not the banks or mortgage bankers that fought the good fight for this important piece of consumer legislation. Study after study has shown that it is less expensive to get a loan through a mortgage broker than any other type of lender and now it will be safer, too.
This is our personal view of the legislation and its players and doesn’t represent the official position of the Arizona Association of Mortgage Brokers. Even with the new law set to go into effect by January 2010, you can never go wrong by dealing with a company of good reputation and long standing in the lending community.
Jon Laird is co-owner of Sterling Mortgage Corporation, one of Arizona’s oldest licensed mortgage brokerage firms. Sterling Mortgage Corporation has specialized in manufactured home loans for more than 24 years. Jon has more than 33 years experience in home lending and is a state certified continuing education instructor. He frequently teaches manufactured home financing classes for real estate agents renewing their licenses. To read more from Jon visit: http://www.sterlingmortgageloans.com
Mobile home financing companies
|
|
FIVE SUPRA iBox LOCKBOX KEYBOX FOR REAL ESTATE $9.99 |
|
|
SECRETS OF SELLING REAL ESTATE Weaver 7 CD Course $10.99 |
|
|
Master The Real Estate License Examinations, Peterson’s $6.08 |
|
|
CALIFORNIA REAL ESTATE EDUCATION,APPRAISAL 2002 $0.99 |
|
|
CALIFORNIA REAL ESTATE EDUCATION,FINANCING,LISTING 1972 $0.99 |
|
|
c1910 Avalon Real Estate Development Co, The Avalon Girl, Philadelphia, Nice! #4 $6.00 |
|
|
c1910 Avalon Real Estate Development Co, The Avalon Girl, Philadelphia, Nice! #3 $6.00 |
|
|
c1910 Avalon Real Estate Development Co, The Avalon Girl, Philadelphia, Nice! #2 $6.00 |
|
|
c1910 Avalon Real Estate Development Co, The Avalon Girl, Philadelphia, Nice! #1 $6.00 |
|
|
HomeMortgageAgents.com – Top Real Estate/Mortgage Broker Domain Name For Sale $0.01 |
|
|
SagaponackRentals.com Hamptons NY Real Estate Domain Sagaponack Rentals .com $495.00 |
|
|
CUSTOM REAL ESTATE FSBO PORTAL WEBSITE FOR SALE NR $9.99 |
|
|
The Beginner’s Guide to Real Estate Investing NEW $20.24 |
|
|
Guangzhou Homes .com – Real Estate Domain Name NR $0.01 |
|
|
DIARY of a MAD [Florida & MA] REAL ESTATE AGENT Humorous Paula Lynn Rose SIGNED $5.00 |
|
|
How to Make Money With Real Estate Options: Low-Cost, Low-Risk, High-Profit Str $9.27 |
|
|
Owner Finances.info REAL ESTATE/HOME/HOUSE/FINANCING/SELLER/PROPERTY DOMAIN NAME $250.00 |
|
|
Vintage estate pipes yellow bowl KBB cured w real honey smoking pipe $35.80 |
|
|
7.9″ GOLD – REAL ESTATE – Realtor – BRACELET- Charm – Add-A-Bead – In USA $8.90 |
|
|
Vintage 1962 ACQUIRE Finance Bookshelf Game 3M Complete Real Estate $19.99 |
|
|
Vintage Dissatisfied Homebuyer? ASK ME T-Shirt Soft 80s Real Estate Vtg XL $14.99 |
|
|
LOT OF 4 SOFTBACK REAL ESTATE INVESTING AND FLIPPING EDUCATIONAL BOOKS GREAT LOT $7.99 |
|
|
Real Estate Investment and Acquisition Workbook, Howard A. Zuckerman, Acceptable $10.33 |
|
|
Real Estate Agent Mike Ferry One On One Retreat 12 DVD’s $25.00 |
|
|
Essentials of Practical Real Estate Law by Daniel F. Hinkel (2007, Other,… $3.00 |
|
|
Rare c1920s San Francisco Real Estate Photograph Building Lake Street For Sale $9.99 |
|
|
(New) REAL ESTATE, MORTGAGE, LOAN, POCKET CALCULATOR $15.95 |
|
|
Closed Door Training Shark Tank Millionaire Barbara Corcoran – Real Estate Mogal $15.00 |
|
|
Commercial Real Estate Analysis And Investments by Norman G. Miller, Jim… $50.00 |
|
|
Hp 12C Mortgage, Business, Real Estate Calculator W/ Case $10.00 |
|
|
Lot Of 5 Bradbury Real Briar Estate Pipes Made In Greece $14.99 |
|
|
Timing the Real Estate Market: The Campbell Method 2nd Edition Robert Campbell $4.99 |
|
|
SUNNY DAY REAL ESTATE 2009 MFNW Gig Concert POSTER Portland Oregon Musicfest NW $11.09 |
|
|
Why the Real Estate Boom Will Not Bust – And How You Can Profit from It: How to $4.99 |
|
|
Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their $1.00 |
|
|
4 RICH DAD BOOKS CASHFLOW QUADRANT/PROPHECY/REAL ESTATE RICHES/INVESTING GUIDE $19.95 |
|
|
Making Money with Free and Clear Real Estate Properties- Amazing Profits on CD $32.70 |
|
|
1947 Ad Flitcroft Lightbourn Real Estate Insurance Brokers Hamilton Bermuda $37.95 |
|
|
How to Get Started in Real Estate Investing by Robert Irwin (2003, Abridged,… $5.00 |
|
|
1 OZ SILVER * Hi God .US * REAL ESTATE AD ART BAR .999 TROY – 90 DAY BUY BACK $75.00 |
|
|
1923 Ad Bonita Vista Country Real Estate Home Highland Park Illinois McGuire Orr $41.95 |
|
|
1922 Ad Kiawassa Home St. Lawrence River Canada Property Amenities Real Estate $41.95 |
|
|
1925 Ad Great South Bay Mrs. Lanier Real Estate Mastic on the Sea Realty Map $41.95 |
|
|
1925 Ad Rumson New Jersey Estate Household Real Country Club Tennis Lawn Yard $44.95 |
|
|
1927 Ad Marie D. Kling Scarsdale Real Estate Realty R. H. Almiroty Architecture $37.95 |
|
|
1929 Ad Waterville Real Estate House G. F. Terry Maine Residence Sale Realty $38.95 |
|
|
1925 Ad Kenneth Ives Laurentian Mountains Aerial View Summer House Real Estate $38.95 |
|
|
1930 Ad Greenhaven Real Estate V. Green Realty Mamaroneck Rye Long Island Sound $36.95 |
|
|
1929 Ad Prince Ripley Real Estate Bronxville NY Normandy Architecture Realty $36.95 |
|
|
The Abcs of Real Estate Investing by Ken McElroy (2012, Paperback, Reprint) $12.97 |
|
|
Sunny Day Real Estate Diary LP SEALED COLOR VINYL Sub Pop NEW! SDRE $19.95 |
|
|
1925 Ad Monastery Long Island New York Trust North Shore Otis Real Estate Home $38.95 |
|
|
1931 Ad Lake George New York Home Real Estate Deininger Leavitt Realty Amenities $36.95 |
|
|
1931 Ad Great Neck Long Island Chamber Commerce Suburban Home Real Estate Realty $36.95 |
|
|
1931 Ad Baker Crowell Real Estate Kings Point Great Neck Long Island Realty $36.95 |
|
|
1931 Ad Herbert Wheeler Real Estate Darien Connecticut Paris France Letters $37.95 |
|
|
1931 Ad Kenneth Ives Belgrade Lakes Maine Real Estate M. Martens Home Realty $37.95 |
|
|
1931 Ad Samuel N. Pierson Realty Shippan Point Stamford Connecticut Real Estate $37.95 |
|
|
1931 Ad Maplecrest St. Albans Vermont Real Estate S. S. Watson Walbridge Realty $37.95 |
|
|
1931 Ad Field Terrace Lorena Real Estate Ardsley Hudson Realty Aneon F. Robinson $36.95 |
|
|
1931 Ad Holloway Price Real Estate Fox Hunting Leicestershire England Sportsmen $36.95 |
|
|
1930 Ad Harvey Craw Huntington Smith Manhasset Long Island Real Estate Realty $36.95 |
|
|
1931 Ad Deininger Leavett Realty Adirondacks Private Camp Real Estate Amenities $36.95 |
|
|
1930 Ad Wheatley Hills Real Estate Long Island Private Home Country Club Realty $36.95 |
|
|
1930 Ad Kenneth Ives Club Hotel Real Estate Vermont Connecticut River Realty $45.95 |
|
|
1931 Ad George W. St. Amant Cape Cod Bungalo Real Estate Realty Falmouth Mass. $45.95 |
|
|
USUFRUCTORY .com domain name one (1) word real estate property rights legal term $800.00 |
|
|
Monopoly – Parker Brothers Real Estate Game – Millennium Edition – MINT $19.99 |
|
|
GREEN, REAL ESTATE WEBSITE FOR SALE INCL. DOMAIN NAME $24.95 |
|
|
The Real Estate Agent’s Action Guide to Listing and Sales Success, Dearborn Real $11.48 |
|
|
1958 Illinois Chicago West Side Real Estate Leaders Meet Wire Photo $33.88 |
|
|
1921 Ad Real Estate Quail Salesmanship School Michigan – ORIGINAL ADVERTISING $38.95 |
|
|
1570 1945 Postcard Proctor Square Henniker NH ESSO MOBILE Tuttle Real Estate $5.00 |
|
|
Real Estate Fundamentals, Wade E., Jr. Gaddy, Very Good, Paperback $5.98 |
|
|
1930 Ad Camp Undercliff Lake Placid Property Amenities L. C. James Real Estate $38.95 |
|
|
1925 Ad New York Trust Real Estate Monastery Mansion 100 Broadway $44.95 |
|
|
Dictionary of Real Estate Terms (Barron’s Business Guides), Jack P. Friedman, Ja $6.98 |
|
|
Real Estate Riches: How to Become Rich Using Your Banker’s Money, Dolf de Roos $3.99 |
|
|
Real Estate Principles: A Value Approach (The Mcgraw-H $84.90 |
|
|
1908 Ad Westbury Gardens Long Island House Real Estate – ORIGINAL ADVERTISING $23.95 |
|
|
1925 Ad Palm Beach Florida Chamber Commerce Growth Home Lake Worth Real Estate $36.95 |
|
|
PHILADELPHIA, PENNSYLVANIA 516 NORTH AMERICAN & REAL ESTATE BLDG PRE1910(DV171) $3.99 |
|
|
1924 Ad Real Estate Newport Rhode Island Mrs Sturtevant – ORIGINAL ADVERTISING $38.95 |
|
|
Essentials of New Jersey Real Estate Textbook 10th Edition- Great Condition!! $5.99 |
|
|
1917 Ad War Time Real Estate William E Harmon & Company – ORIGINAL ADVERTISING $37.95 |
|
|
Goal-oriented: Fannie Mae and Freddie Mac every year are required to meet affordable housing goals set by the Department of Housing and Urban … An article from: Mortgage Banking $5.95 This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on September 1, 2003. The length of the article is 4511 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Cita… |
|
|
The regional housing allocation process should be suspended until. (In Brief).(Brief Article): An article from: California Planning & Development Report $5.95 This digital document is an article from California Planning & Development Report, published by California Planning & Development Report on March 1, 2003. The length of the article is 320 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with … |