Thursday , 21 January 2021

Wells Fargo Addresses RESPA-TILA; Reverse Mortgage Changes; NMLS Numbers on Lenders

By Rob Chrisman

Posted To: Pipeline Press

“You can tell a lot about a woman’s mood just by her hands. If they are holding a gun, she’s probably ticked-off.” Here’s another observation, besides it being “ugly sweater day”. What do Arizona, Arkansas, Connecticut, Louisiana, Maine, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Texas, Washington, and Wisconsin have in common? Heck, while we’re at it let’s throw Colorado and Nevada into the mix – especially Nevada. Legal and compliance sessions at mortgage conferences all over the U.S. are talking about super liens and their impact on lending. What is a super lien? Basically, if a borrower doesn’t pay their home owner or condo dues (yes, condos are not the only properties affected) a foreclosure can take place which wipes out…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Wells Fargo Addresses RESPA-TILA; Reverse Mortgage Changes; NMLS Numbers on Lenders

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

The Richest Appraiser in Babylon

If you’ve not read “The Richest Man In Babylon” by George S. Clason, stop reading …