Mortgage Memo: Regulations

Thanks to Taylor Ortiz for sharing his Mortgage Update with us! We thought you might be interested in this information also.

Taylor Ortiz is a Sr. Loan Officer with Fairway Mortgage located in Edmond at 2575 Kelley Pointe Parkway, Suite 180.
If you would like to contact him to get pre approved or have questions you can do so with one of the options below…

Direct 405-421-0404
Mobile 405-509-1064
Fax 405-562-4272
tayloro@fairwaymc.com
www.TaylorOrtiz.net

Today’s Topic: Regulations

I’m sure you all think lenders are starting to sound like a bunch of whiner babies when you listen to us gripe about more and more regulations.  It is real.  There are more regulations.  Take a look at these great charts from the MBA.

 After the 07-08 meltdown Washington got to work “fixing” what was wrong the industry and now here is what it looks like:

We want home buyers to be aware!  It can you comfort that the transaction is highly regulated and any lender “shenanigans” have been removed.   It also helps explain the mountain of paper a buyer will be seeing and signing along the way.