What Was The Freddie Mac Scandal? An accounting scandal erupted at the government-sponsored company in June 2003 when it disclosed that it had misstated earnings by some $5 billion — mostly underreported — for 2000-2002 to smooth quarterly volatility in earnings and meet Wall Street expectations. What did Freddie Mac do? What does Freddie Mac
Do Mortgage Companies Take Pictures Of Your House? A mortgage company may send someone to take photos of your house for appraisal purposes if you’re selling it or are trying to modify your mortgage loan. Photos may also be taken if you’re falling behind on your mortgage and a foreclosure is foreseeable. Is it legal
How Do You Become A Certified Loan Processor? Complete comprehensive online mortgage processing training. Pass a timed online “proctored” exam using a webcam. Pass a criminal background check via a 3rd-party vendor. Agree & adhere to the NAMP® Code of Ethics. Get re-certified each year. Do you need to be certified to be a loan
How Much Does An Entry Level Loan Processor Make? How much does an Entry Level Loan Processor in United States make? The highest salary for an Entry Level Loan Processor in United States is $71,102 per year. The lowest salary for an Entry Level Loan Processor in United States is $27,000 per year. How much
Can You Get FHA Loan For Mobile Home? FHA loans can also be used to purchase manufactured homes and/or modular homes. … To be eligible for FHA mortgage insurance, the manufactured home must be built after June 15, 1976 and there must be a certification label to prove it. Can you get an FHA loan
Can You Get A Modular Home With Bad Credit? Your credit score, down payment amount and type of home and whether you’re buying the land will affect the amount you pay. To qualify for low mobile home interest rates, make sure your credit score is at least 700. You’ll need a score of 750 or
Can A Mortgage Company Foreclose Without Notice? In most states, lenders are required to provide a homeowner with sufficient notice of default. The lender must also provide notice of the property owner’s right to cure the default before the lender can initiate a foreclosure proceeding. How long does it take for a mortgage company to
How Do I Deal With A Foreclosure Notice? If you receive a foreclosure notice, it’s imperative that you respond immediately — you’re up against a ticking clock. You usually have just 30 days to take action after getting a notice of foreclosure before your lender proceeds. (The specifics of the foreclosure process vary from state
Is US Bank Part Of Freddie Mac? MINNEAPOLIS, Feb 01, 2010 (BUSINESS WIRE) — U.S. Bancorp (NYSE: USB) announced today that its lead bank, U.S. Bank National Association, was selected by Fannie Mae and Freddie Mac to act as administrator and closing agent for the Temporary Credit and Liquidity program and the New Issuance Bond
What Is The Job Description Of A Mortgage Loan Processor? The Mortgage Loan Processor is responsible for the processing of a mortgage loan from origination to funding. This position will support the Sales and Operations Staff by collecting necessary documents and managing the transaction to ensure the closing deadline is met. What does a mortgage