The National Association of Mortgage Brokers

10/30/2014

Read Don Frommeyer's comments on getting your first via U.S. News & World Reports: http://money.usnews.com/money/personal-finance/articles/2014/10/24/a-guide-to-getting-your-first-mortgage

Here are 12 things newbie homebuyers should know before signing on the dotted line.

10/30/2014

Check out our new CEO Don Frommeyer, who was featured in Nerd Wallet. http://www.nerdwallet.com/blog/current-events-and-banking-industry-news/tips-avoid-forclosure/

The economy is improving. The unemployment rate is down, and new data from RealtyTrac show that the number of home foreclosures nationwide has dropped for the eighth year in a…

08/27/2013

While some do give their customers discounts, it's unlikely your bank will offer the best interest rate available simply because you bank there http://realestate.aol.com/blog/2013/05/13/mortgage-misconceptions/

Mortgages are tricky and often hard to understand, and prospective home buyers donât spend a lot of time educating themselves about mortgages and the mortgage process. Here are a list of common mortgage misconceptions.

08/26/2013

now makes up 16 percent, or $1.9 trillion, of the gross domestic product and is the economy's largest single sector. http://www.mbarl.org/facts.php

iv 2006 Global Structured Finance Outlook: Economic and Sector-by-Sector Analysis, FITICH RATINGS CREDIT POLICY (New York, N.Y), Jan. 17, 2006 at 12.

08/26/2013

The will show you a variety of choices in mortgage products from different providers that match with your situation and needs http://www.articlesbase.com/accounting-articles/important-facts-regarding-mortgage-brokers-3632181.html

Educating yourself on the responsibilities of a mortgage broker is the first step you should take before hiring a broker. Then you need to learn how to locate reputable mortgage brokers, learn about the perks of having a broker, understand the role the broker will play, learn what the qualifications...

08/20/2013

(yield spread minimum) is the difference between the "par" rate (wholesale rate) quoted to , and the rate you ultimately pay for your mortgage.

08/20/2013

The requires a down payment of just 3.5 percent of the purchase price of the home. That's a fraction of the percentage typically required on most other http://www.fha.com/fha_article?id=210

The FHA maintains a set of guidelines on how the lender should view a 401K when it comes to calculating the debt-to-income ratio. FHA loan rules say redemption evidence is required by the lender.

08/19/2013

The doesn't mandate a minimum credit score, instead, each borrower's creditworthiness is considered in context. Even for borrowers who've filed for http://www.foxbusiness.com/personal-finance/2010/07/21/crucial-facts-fha-loans/

FHA loans play a vital role in today's real estate market. Here are seven important facts to know.

08/16/2013

The mortgage brokerage industry is regulated by 10 , 5 , and over 45 or licensing boards. http://www.namb.org/namb/Industry_Facts.asp

The Association is committed to promoting the highest degree of professionalism and ethical standards for its members. In addition to mandating members adhere to a professional code of ethics, NAMB provides mortgage brokers with professional education opportunities, and offers rigorous certification...

08/16/2013

1. Did you know there are three levels of official : Certified Mortgage Consultant (CMC), Certified Residential Mortgage Specialist (CRMS) and General Mortgage Associate (GMA)

08/15/2013

There are three levels of official NAMB Certification: Certified Mortgage Consultant (CMC), Certified Residential Mortgage Specialist (CRMS) and General Mortgage Associate (GMA). NAMB certified mortgage professionals pledge to adhere to a strict code of ethics and best business practices, and they have proven their skill by meeting tough eligibility requirements and passing a rigorous exam. As the economy and the mortgage industry change, NAMB certified mortgage professionals maintain their industry expertise by satisfying NAMB's continuing education requirements.

08/13/2013

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