The SAFE Act requires all mortgage loan originators to register with the National Mortgage Licensing System and Registry (NMLS) where consumers can check the license status of a loan originator by viewing the NMLS Consumer Access. The consumer then can confirm, free of charge, that any mortgage company or mortgage professional with whom they wish to conduct business is licensed in the state. The database also allows regulators to determine if a MLO has been disciplined or revoked by another jurisdiction which will prevent dishonest originators from closing shop and opening a new business in a different state or location.
Click here to check the status of your mortgage broker's license status.
The June 23, 2009 figure for Existing Home Prices indicates vaues have fallen to 4.77M which is lower than the anticipated 4.82M. This is good news for mortgage bonds which is in turn good for interest rates but bad for the economy as a whole. home loan yantra
ReplyDeleteA point to note is to ensure that we consult a financial planner that is adequately qualified (say, having the CFPBSI's Certified Financial Planner certification that is recognized worldwide) and experienced (and perhaps licenced to practice as a financial planner by the appropriate authorities to ensure accountability and ethical behavior). real estate in Los Angeles
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