Mortgage Blog

Rates are near an all time low.  It's a great time to refinance!!  It's not too hard to get it done today--for the consumer, but it's seems like a lot more work for the lender.  A lot of new regs.  RESPA is coming down with many changes now and many more effective January, 2010.  I just completed a class for underwriting.  I also have Continuing Education classes next week about all the changes.  Then more training on the Good Faith Estimate and more.

Much to keep up on!  More hoops to go thru and more mandatory waiting periods for the borrower.  I guess the loan process is not more difficult for the borrower, just more lengthy.