Tag Archives: lenders

Low rates, but not for you?

You’ve shopped around and finally zeroed in on a low mortgage rate. Your credit is stellar and you’re ready to pull the trigger. Trouble is, the lender has no incentive to give you the advertised lowest rate and offers a rate a full percentage point hi… Continue reading

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Loan brokers’ pay targeted

New federal regulations, effective April 1, will impose some major changes in how lenders compensate mortgage brokers for their services in the loan origination process.
Here’s a summary:

Lenders won’t be allowed to pay any direct or indirect compensa… Continue reading

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