Mortgage lender requirements are confusing brokers, buyers, and even the lenders who are giving the loans. The new world of mortgage financing requires very strict qualifications for the buyers, and brokers and lenders are having trouble keeping track of the rules. It’s very hard to get mortgage financing right now, and some mortgage financing deals are falling through at the last minute because the lenders and brokers don’t know what will make the buyer fail to fulfill the mortgage lender requirements. The result of these loan requirements is closing problems and a dry closing.
Posted via web from Title Insurance The First American Corporation /quotes/comstock/13*!faf/quotes/nls/faf (FAF 34.57, -0.47, -1.34%) , America’s largest provider of business information, today announced financial results for the first quarter ended March 31, 2010. Total revenue for the first quarter of 2010 was $1.4 billion, a decrease of 1 percent relative to the first quarter of 2009. Net income attributable to the company was $29.5 million, or 28 cents per diluted share, compared with $36.0 million, or 38 cents per diluted share, in the first quarter of 2009. Posted via web from Title Insurance
Continuing Ed for Title Agents
The First American Corporation Reports Financial Results for the First Quarter of 2010 – MarketWatch
Continuing Ed for Title Agents
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