North Dakota Mortgage Broker
Building a Better Credit Report
It's not hard to confuse a legitimate credit offer with an advance-fee loan scam. An offer for credit from a bank, savings and loan, or mortgage broker generally requires your verbal or written acceptance of the loan or credit offer. The offer usually is subject to a check of your credit report after you apply to make sure you meet their credit standards. Usually, you are not required to pay a fee to get the credit. ... If you fall behind on your mortgage, contact your lender immediately to avoid foreclosure. Most lenders are willing to work with you if they believe you're acting in good faith and the situation is temporary. Some lenders may reduce or suspend your payments for a short time. When you resume regular payments, though, you may have to pay an additional amount toward the past due total. Other lenders may agree to change the terms of the mortgage by extending the repayment period to reduce the monthly debt. Ask whether additional fees would be assessed for these changes, and calculate how much they total in the long term. ... [Read More]
HUD Homes
Then, check out the listings of HUD homes in your area. If you think you want to buy a HUD home, you need to contact a real estate broker in your area who is authorized to sell HUD homes (most are). Your broker will submit a bid for you. ... If you are a real estate broker, please read this important information . ... [Read More]
FRB: Beige Book - Minneapolis
Residential real estate activity is generally level. A representative of a realtors association in the Minneapolis area reported that since Sept. 11 buyers and sellers have returned to the market, but sales are at a slower pace than they were earlier this year. Price increases for homes have recently slowed, according to a mortgage broker. September building permits in the Minneapolis-St. Paul area were even with a year ago, said a builders association spokesperson. In Sioux Falls, S.D., a banker reported that real estate activity is still busy following Sept. 11. Officials in Rochester, Minn., noted a record number of new home starts during September. ... [Read More]
FRB: Beige Book--Minneapolis--December 1, 2004
Residential markets continued at a strong pace. A mortgage broker in Fargo-Moorhead reported she expects another record year. Despite some small corrections in the Minneapolis-St. Paul area--longer market times, higher inventory and fewer closings--sales continue at a strong pace. A Minnesota bank director noted residential construction was strong, with a mixed outlook. However, realtors in the Duluth-Superior area noted movements toward a buyer's market. ... [Read More]
Bureau of the Public Debt : Recent Developments with Respect to Treasury's TRADES Regulations
1. A "Securities Intermediary" is defined generally as a person registered as a "clearing agency" under Federal securities laws, a Federal Reserve Bank or other person that provides clearance or settlement services with respect to a Book-entry Security. The term also includes a person, including a bank or broker, that in the ordinary course of business maintains securities accounts for others and is acting in that capacity (31 CFR § 357.2). ... [Read More]
Special Report: Uniformity, State Regulatory Requirements
10 The Commission prepared three separate Surveys for state securities administrators, issuers, and broker-dealers and counsel, respectively. Surveys were sent out to all 51 securities administrators, 1083 issuers, 220 broker-dealers and 587 law firms. The Commission received responses from 46 securities administrators, 60 issuers, 15 broker-dealers, 25 law firms, 3 individuals, the Boston Stock Exchange, the North American Securities Administrators Association ("NASAA") and the Securities Industry Association ("SIA"). NASAA is an association of securities administrators from each of the 50 states, the District of Columbia, Puerto Rico, Mexico and several of the Canadian provinces. The SIA is an association representing about 700 securities firms, including investment banks, broker-dealers, specialists and mutual funds. The responses to the Survey are available for inspection and copying in the Commission's public reference room. Refer to File No. S-7-20-97. ... [Read More]
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