Minnesota Mortgage
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]
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]
First Alliance Mortgage Company
The People of The State of California, The State of Arizona, The State of Florida, The Commonwealth of Massachusetts, The People of the State of Illinois, and The New York State Banking Department, Plaintiffs, v. First Alliance Mortgage Company, et al., Defendants; In re: First Alliance Mortgage Company, et al., Debtors; Federal Trade Commission, Plaintiff, v. First Alliance Mortgage Company, et al., Defendants; and Frank and Nicolena Aiello, et al., Plaintiffs, v. First Alliance Mortgage Company, et al., Defendants. ... [Read More]
First Alliance Mortgage Company ("FAMCO") - 10/4/00
The Companies offer home equity loans primarily secured by first mortgages on the borrowers' homes. According to the FTC complaint, the First Alliance Companies target - through telemarketing and direct mail solicitations - homeowners with poor credit histories who might experience difficulty securing conventional home equity financing. Loan officers with the First Alliance Companies use a lengthy, 13-step sales presentation, known as "the Track," to sell loans. The complaint alleges that, through the use of the Track, the First Alliance Companies mislead consumers about the existence and amount of origination fees for its loans (which are typically 10% to 25% of the loan) and the interest rate and monthly payments of their adjustable rate mortgage ("ARM") loans. As a result, according to the complaint, consumers believe they are borrowing less money at lower interest rates than they actually are. ... [Read More]
Minnesota Title Requirements
Mortgage Note endorsed without recourse to " Secretary of Veterans Affairs, an Officer of the United States." ... Original Mortgagee's Title Insurance Policy, Survey, or other document relating to title. ... Title 38 CFR 36.4319 requires the holder of a VA guaranteed mortgage to send a copy of every procedural paper filed by or served upon the holder in any legal and/or foreclosure action to VA. These procedural papers are: ... [Read More]
HUD in Minnesota
A Federal Housing Administration (FHA)-insured mortgage helps provide security for you and your family. In these days of many mortgage choices, one option remains consistent, just as it has since 1934. It is the HUD-FHA mortgage. Why FHA? In addition to our low down payment requirement and easier credit and underwriting standards, we also understand that “life happens”. When shopping around for a mortgage that best fits your family’s lifestyle and security, think FHA. Unlike most conventional lenders, FHA lenders are required to follow foreclosure prevention procedures designed to assist the homebuyer in keeping his or her home through rough times. Why not look for an FHA lender? ... [Read More]
HUD in Minnesota
A Federal Housing Administration (FHA)-insured mortgage helps provide security for you and your family. In these days of many mortgage choices, one option remains consistent, just as it has since 1934. It is the HUD-FHA mortgage. Why FHA? In addition to our low down payment requirement and easier credit and underwriting standards, we also understand that “life happens”. When shopping around for a mortgage that best fits your family’s lifestyle and security, think FHA. Unlike most conventional lenders, FHA lenders are required to follow foreclosure prevention procedures designed to assist the homebuyer in keeping his or her home through rough times. Why not look for an FHA lender? ... [Read More]
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