Comments on: Your lender is a reflection of YOU!!! Who are you Realtors sending your business to? http://www.dallasloanguy.com/wordpress/your-lender-is-a-reflection-of-you-who-are-you-realtors-sending-your-business-to/ A repository for some of my writings Tue, 06 Jan 2009 22:48:16 +0000 http://wordpress.org/?v=2.0.5 by: tomburri http://www.dallasloanguy.com/wordpress/your-lender-is-a-reflection-of-you-who-are-you-realtors-sending-your-business-to/#comment-612 Fri, 31 Aug 2007 10:58:20 +0000 http://www.dallasloanguy.com/wordpress/your-lender-is-a-reflection-of-you-who-are-you-realtors-sending-your-business-to/#comment-612 1. I believe a couple of other banks have something similar. I think most banks buy this loan from BofA to satisfy Govt requirements. 2. Yes. They allow brokers to bring in this loan. 3. They have several different loans. Criteria is all different. Mostly, you have to be low/moderate income or live in an underserved market as defined by Fannie Mae using census tract data. 1. I believe a couple of other banks have something similar. I think most banks buy this loan from BofA to satisfy Govt requirements.
2. Yes. They allow brokers to bring in this loan.
3. They have several different loans. Criteria is all different. Mostly, you have to be low/moderate income or live in an underserved market as defined by Fannie Mae using census tract data.

]]> by: Jeff Perkins http://www.dallasloanguy.com/wordpress/your-lender-is-a-reflection-of-you-who-are-you-realtors-sending-your-business-to/#comment-608 Fri, 31 Aug 2007 05:23:43 +0000 http://www.dallasloanguy.com/wordpress/your-lender-is-a-reflection-of-you-who-are-you-realtors-sending-your-business-to/#comment-608 1) Is B of A the only one out there doing "Community Commitment Loans" or is that their name for this type of loan and others do it also? 2) Talking about "vested interests" does B of A wholesale this loan? Is there enough fee in it to make the mtg broker talk it up? 3) What are the criteria for qualification? 1) Is B of A the only one out there doing “Community Commitment Loans” or is that their name for this type of loan and others do it also?

2) Talking about “vested interests” does B of A wholesale this loan? Is there enough fee in it to make the mtg broker talk it up?

3) What are the criteria for qualification?

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