Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
I’m have my office TV on C-SPAN hoping to catch HR 3915 being presented to the House Finance Committee. Apparently there have all ready been modifications made since I last posted about this bill.
Hat Tip to Ray Gallegos
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About Rhonda PorterRhonda Porter (NMLS 121324) is a veteran Washington Mortgage Advisor with over 25 years of experience navigating the Pacific Northwest real estate market. Specializing in residential home financing and mortgage strategy, Rhonda founded The Mortgage Porter to provide homeowners with transparent, data-driven clarity. Based in Seattle, she is a trusted resource for first-time buyers, self-employed borrowers and homeowners across Washington State, dedicated to turning complex financing into a confident path to homeownership.
The only amendment that matters is the one that bars YSP. If that stays in the bill it spells the death blow of our industry. We must band together and do it now against this bill. We must band together and get our borrowers involved. It is as simple as that. Unlike the perception there are millions of satisfied borrowers that will act as our advocates against this bill. I hope every mortgage broker goes out and contacts their borrowers, because if they do this bill will be defeated. Here is how I saw it.
http://proprietornation.blogspot.com/2007/11/congress-vs-mortgage-brokers.html