Alabama Mortgage
Briefly Legal
Note, RESPA does not apply to all transactions. It applies only to certain transactions involving federally rebated mortgage loans. Generally, a mortgage is federally related if the loan is a first mortgage financing the purchase of a one to four family unit structure in the United States and is governmentally guaranteed, insured, supplemented, or assisted. ... No law prohibits earned fees in connection with real estate transactions. A licensee may earn a commission split for referring a buyer to a listing broker. A broker may legally earn a fee for originating a mortgage loan, provided the broker actually is the originator and does the work of an originator. Similarly, a broker who also holds an insurance license may legally earn a commission for homeowner’s insurance written on a property in a transaction. ... [Read More]
alabama.gov :: The Official Web Site of the State of Alabama
The Alabama State Banking Department's online services allow loan bureau licensees to renew their Mortgage Broker licenses online. ... [Read More]
HUD Reverse Mortgage Housing Counselors List
Welcome to the listing of HUD-approved agencies that provide Home Equity Conversion Mortgage (HECM) Counseling! HUD funds housing counseling agencies throughout the country who can give you advice on reverse mortgages. Just contact the agency nearest to you from the list below, or call (800) 569-4287. ... HUD Reverse Mortgages ... Homeowners with problems that could result in default of their mortgage or foreclosure on their property are encouraged to contact a HUD-approved housing counseling agency immediately. ... [Read More]
Local Homebuying Programs - HUD
In addition to HUD's mortgage insurance programs, there may be programs sponsored by your state or local government or other organizations. Select the state that interests you: ... [Read More]
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