George Souto - FHA, CHFA, VA, USDA, & Fannie Mae Home Mortgage Loans, Connecticut

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Mortgage and Lending - George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - NMLS #65149

ARCHIVED BLOG POSTS

2010 

I posted a blog yesterday "Strategic Defaults are a big part of the problem" giving my reasons why I feel that Strategic Defaults Are A Contributor To Guideline Changes, and that i would post another blog to point out some of the Guideline changes that have come about because of Foreclosures and ...
08/28/2010
Lending guidelines have been tightening and will continue to tighten for the foreseeable future, and Strategic Defaults are a big part of the problem why this is happening.  Before I go any further I want to give my definition of what I understand a Strategic Default to be: Strategic Default: A f...
08/27/2010
By the end of this year, all Mortgage Loan Officers and Mortgage Brokers, that work for a Non-Depository Lender, will need to be licensed in every State in order to take a Loan Application and put a Loan in process, so make sure your Mortgage Loan Officer is licensed.   For right now Mortgage Loa...
08/11/2010
Lenn Harley is someone who is not afraid to speak her mind, and I for one appreciate her for it.  Now that does not mean that the two of us agree all the time, and that we have not had few interesting discussions over the years that we have been on ActiveRain.  As a result of not being shy about ...
08/07/2010
Assistant Secretary for Housing/Federal Housing Commissioner, David H. Stevens released today a Special Edition Newsletter announcing the expected changes to the FHA Upfront Premium and Monthly Mortgage Insurance Premium (MIP).  In the Newsletter he states: "As I have previously stated in my tes...
08/05/2010
It has been a week since I traveled up to Boston with Ed Silva and Valerie Osterhoudt to attend RainCamp Boston.  It was my first RainCamp, but most likely will not be my last.  It would be nice though if the next RainCamp around here was not held in a major city where it cost an arm and a leg to...
08/02/2010
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