<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"><channel><title><![CDATA[Integrity Mortgage Licensing]]></title><description><![CDATA[Comments]]></description><link>http://www.integritymortgagelicensing.com/</link><copyright><![CDATA[Copyright Integrity Mortgage Licensing]]></copyright><generator>sNews CMS</generator><item><title><![CDATA[FHA Approval May Get Easier - Angela]]></title><description><![CDATA[Does anyone know if this is changing yet. .  I'm about ready after 17 years in the business to give it all up and move to Mexico. .  I love where I live I have developed a reputable name for myself and my mortgage company.  I can't handle the stress anymore.. . and because of all the preditory lending that went on by CW and now BofA since bailed them out only to be able to write off the bad debt and Lehman Bros, (american express) oh no !! now they want money too.. Well if they want my tax $ to bail them out I need an income to do that . . what if I don't have an income to bail them out. . . now they are going to have to write off my Amx card and my BofA business debt too!! Does this make any sense if only FHA would allow us to keep our doors open they wouldn't have more people unemployed and small business failing.  Your comments. .]]></description><pubDate>Fri, 14 Nov 2008 13:42:34 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment18</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment18</guid></item><item><title><![CDATA[FHA Approval May Get Easier - NV Broker]]></title><description><![CDATA[this is a goos letter to send to your state lawmakers regarding Surety Bond:  
  
I just want to bring attention to an issue that is affecting many small businesses in the USA:   
  
FHA has become important mortgage product in today’s volatile market with the elimination of most conventional mortgage loans. Unfortunately there are substantial financial requirements for a “small” broker to get FHA approval from HUD (title II).  On small brokers as myself and many other small brokers I know the cost of a financial audit and requirements are a major financial burden.  This is especially true as business has slowed to the worst housing market we have seen in history.   
  
Most small brokers have either gone out of business or have had to turn away clients due to the FHA broker approval financial requirements. The small brokers that are still around have had to deal with a substantial loss of business and revenue by not being able to offer FHA loans, making it even more difficult to get their FHA approval. (It’s a double edge sword). It is also not fair that a mortgage broker with 250 employees are held to the same financial requirements that a small broker is with only a few employees. (There should be a size scale) The process to get approved for FHA can cost anywhere from 8 to 15 thousand dollars, plus other financial requirements. I want to mention that I am not allowed to offer FHA, but I can offer government VA loans, it doesn’t make sense.  
  
Currently there is legislation that has passed the house and is supposed to be voted on in the senate.(H.R. 1852) If accepted, this Federal Hosing Authority (FHA) program will allow a Mortgage Broker to obtain a $75,000 Surety Bond in lieu of audited financials. This will dramatically change the makeup of Mortgage Brokers that will have the ability to write mortgages for the Federal Housing Authority (FHA).   
  
I am asking that you to please rally the Senate to get this passed. It will be a great boost for small brokers by allowing myself and countless others to stay in business and get thru these difficult times]]></description><pubDate>Thu, 13 Nov 2008 11:39:00 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment17</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment17</guid></item><item><title><![CDATA[FHA Approval May Get Easier - Brian Dayton]]></title><description><![CDATA[Jackie, If anyone doesnt think that Big Banks dont have something to do with killing the surety bond requirement in lieu of audited financials then I have some property on mars to sell them.   
We were all set to have this bogus audit fnancials killed and then it was taken out of the bill. I have written my senator and congressman. Have you?   
I did not renew my membership with NAAB because they dont seem to care about this either. Even though it will put many of their members out of business. But then again look at your local NAMB offices who is on their board? Many lenders. So basicly we have no voice on this issue.   
I would encourage everyone that is still in business to write their senator and congressman and tell them how you feel. A broker can do VA Loan, Conventional Loans, USDA loans,,,,,but not FHA that is just stupid and hurting the country.]]></description><pubDate>Tue, 09 Sep 2008 18:15:54 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment16</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment16</guid></item><item><title><![CDATA[FHA Approval May Get Easier - Jackie Harmon]]></title><description><![CDATA[After 22 years in this business and owning my own company since 1995 it looks like I am being forced to close my doors.  I don't have $63,000 in net worth especially after this crisis.  Is there anything I can do?  I have learned if I go to work for someone I must close my business and turn in my brokerage business license.  This just doesn't seem fair.  How can it be OK to force people out of work? Has anything changed with the law.  I try to keep up but it is so confusing.  I get so many referrals and now they all need FHA or FHA 203K.  Even a an approved broker cannot due a 203K.  How can this be allowed?  It sure feels like discrimmination to me.]]></description><pubDate>Wed, 20 Aug 2008 11:36:17 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment15</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment15</guid></item><item><title><![CDATA[FHA Approval May Get Easier - Charcle Narcle]]></title><description><![CDATA[Change the business to an llc. Add your spouse whom has 3 years experience.]]></description><pubDate>Sun, 20 Jul 2008 22:21:19 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment14</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment14</guid></item><item><title><![CDATA[FHA Approval May Get Easier - Heather]]></title><description><![CDATA[I am hearing that there are exceptions within the FHA approval process but I can not get that information through FHA. I am a Sole proprietor and was told that a few companies have been approved as such. Does anyone have any idea if this is true? So many companies like myself are small now (I work alone in an office) how are we supposted to get approved?? I have 18 years of history in the industry and have been licensed for over 8 years.  
  
Any information or suggestions would be greatly appreciated.  
  
Thank you,  
Heather Marton  
Marton Financial Group]]></description><pubDate>Wed, 02 Jul 2008 11:40:46 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment13</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment13</guid></item><item><title><![CDATA[FHA Approval May Get Easier - Steven Sheasby]]></title><description><![CDATA[Here's my contact info:  
  
Integrity Mortgage Licensing  
Steven Sheasby, President  
(714) 656-3960  
ssheasby@integritymortgagelicensing.com  
  
PS - The senate never passed the new law allowing for a surety bond so the audited financials is the only way to go.  Feel free to contact me if you still need assistance.  I have CPAs that are very reasonable in price.]]></description><pubDate>Mon, 09 Jun 2008 11:24:19 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment12</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment12</guid></item><item><title><![CDATA[FHA Approval May Get Easier - Justin]]></title><description><![CDATA[My company needs some advice as well. What is your contact info?  
Thanks,  
Justin]]></description><pubDate>Wed, 19 Mar 2008 13:51:04 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment11</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment11</guid></item><item><title><![CDATA[FHA Approval May Get Easier - Ron]]></title><description><![CDATA[ok... never mind... maybe I didn't include the http or something.]]></description><pubDate>Tue, 18 Mar 2008 05:05:41 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment10</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment10</guid></item><item><title><![CDATA[FHA Approval May Get Easier - Ron]]></title><description><![CDATA[May I ask why you ask for a website address if you don't publish it?]]></description><pubDate>Tue, 18 Mar 2008 05:04:50 +0000</pubDate><link>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment9</link><guid>http://www.integritymortgagelicensing.com/mortgage-licensing-news/fha-approval-may-get-easier/#Comment9</guid></item></channel></rss>