FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 This bill – H.R. 6694 was introduced 8/1/2008 by U.S. Rep. Al Green (TX), and co-sponsored by U.S. Representatives Gary Miller (CA), Maxine Waters (CA), and Christopher Shays (CT). It is a short addendum to the housing bill recently signed into law by President [...]

Finding mortgage net branch companies is easy, locating the best net branch companies is not so easy! A search for “net branch” on Yahoo lists 126,000,000 results. Most people do not go past the 1st 2-3 pages of results. With 10 results per page that 20 – 30 listing to review for information. That’s almost [...]

FHA Neighborhood Watch Can Affect Your  Net Branch What is it? What is your number (Compare Ratio)? Why is it important? If your branch has poor numbers in Neighborhood Watch  you could lose the ability to originate FHA loans. The Neighborhood Watch System is a web-based software application that displays loan performance data for lenders [...]

I have seen an increase in net branch recruiters working for affiliates of Federal Savings Banks stating that you can originate FHA loan nationwide from any location. I have yet to see one of these banks named in any marketing information. They use the F.S.B.’s exemption from state licensing laws as the basis for this [...]

In the previous post we looked at the common questions everyone asks. “What are your net branch fees and how long will it take to get approved?” I speak to people everyday that are looking for a mortgage branch partnership. Many times the key questions are not asked. The questions that I think are important [...]