Nevada Real Estate >> Las Vegas Real Estate Specialist: California: Carlsbad: Bella Lago (aviara)

This affects the paycheck of everyone in real estate & hurts buyers. Am I the only one who cares?

Every time a rule is made regarding loans it affects the pay of everyone in real estate.  HVCC killed many transactions.  New underwriting guidelines make loans for self employed borrowers near impossible.  FHA increased MI premiums (they go up again soon!) make it more expensive for people to buy a home.  Now it is over regulation of brokers who cost consumers up to 2% less than big banks.



Why is the Fed speding so much money overregulating brokers when broker loan products and services are more consumer friendly?  Prices for loans will increase and it will make it harder for real estate agents and others in the real estate business to close transactions.

 

Let's compare the differences of broker vs. bank

broker vs banker

broker vs banker

 

broker vs banker

broker vs banker

I am not blaming the loan officer that works at the bank.  Just trying to understand why so much money is spent on the most  educated people in the mortgage industry?  Perhaps this is a conspiracy.  Maybe the higher ups in Washington are making money by manipulating and slowing the housing recovery by investing in stocks/bonds that pay well in times of economic challenges.  Maybe they really are that stupid to keep doing what they are doing to stifle our real estate recovery.

Comment balloon 14 commentsNevin Williams • March 24 2011 11:11AM
This affects the paycheck of everyone in real estate & hurts…
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Every time a rule is made regarding loans it affects the pay of everyone in real estate. HVCC killed many transactions. New underwriting guidelines make loans for self employed borrowers near impossible. FHA increased MI premiums (they go up… more