Tuesday, March 9, 2010

call is over.....

I thought it was very helpful.  The answer to my question is that I can opt to use Table B which I will do.

BTW - That "mouthy broad" was NOT me.  LOL


Favorite comment - "I agree with the dog."  ;)

call is over.....

I thought it was very helpful.  The answer to my question is that I can opt to use Table B which I will do.

BTW - That "mouthy broad" was NOT me.  LOL


Favorite comment - "I agree with the dog."  ;)

PA Data Call conference call this morning.......

My question:

Please comment on the section concerning the various discounted rates.  I do not understand the limited categories of BASIC and REISSUE for short form policies.

It seems to me that the question of whether a long or short form was used is not related to the rate charged to the consumer.  For instance, in PA the most popular Community Reinvestment Act program is a Pennsylvania

PA Data Call conference call this morning.......

My question:

Please comment on the section concerning the various discounted rates.  I do not understand the limited categories of BASIC and REISSUE for short form policies.

It seems to me that the question of whether a long or short form was used is not related to the rate charged to the consumer.  For instance, in PA the most popular Community Reinvestment Act program is a Pennsylvania

Thursday, March 4, 2010

RESPA 2010 - purchase with a 1st and 2nd mortgage

We are getting ready to close our first simultaneous 1st and 2nd under the new rules.  Our buyer is getting a line of credit 2nd mortgage and as far as I know, drawing the whole line now for closing.

When we got the title order, we checked the RESPA FAQ and saw on page seven that there should be TWO GFEs and TWO HUD-1 forms.  We asked the lender for both GFEs and held back delivery of the title