Definition Homeowners should understand this term as it applies to home loans. Wikipedia states that it is, “The action of refraining from exercising a legal right, especially enforcing the payment of a debt”. The Bible has a definition that states it concerns patience, leniency, tolerance and showing mercy. Where is a resource for information on […]
New Regulations When new regulations are passed, it is important to know where to find information. Hud.gov is and has been a great source for many years. It is time that you might visit it. URLA Update In Residential Lending the go-to application for many years has been the Uniform Residential Loan Application (Form #1003 […]
HUD In Their Infinite Wisdom Has Changed The Reverse Mortgage Procedures And Regulations Again The easiest way to describe this is to post a letter that I wrote to DGE’s outstanding speakers about the changes. This is what I thought MLO CE instructors should cover with their students. Enjoy. SOURCE: HUD MORTGAGEE LETTER 2017-12, Aug […]
