Who can help me if I suspect a lender of improper mortgage lending practice?
414651
This may be no fault of the lender. It could be that title company messed up the loan documents and the lender will not release the funds until all required documents are signed properly, with correct dates and such. See about contacting the lender directly if you are dealing with a broker before you contact anyone else. Some lenders that deal with brokers are not licensed to speak to borrowers but if you speak with a branch manager or someone else higher in the organization you may get some better answers. I used to work for a lender just like that. You are more than welcome to contact me for further information about the process flow. \n\nAlso, there are Federal regulations in place that require a lender to fund a loan in a certain time frame once the loan documents have been signed and the lender may have required title to get the documents re-signed to ensure they are still in compliance with those regulations. You can contact your states consumer affairs division to find out what your rights are as well as the federal governments' consumer affairs division!!!
276039
Contact a mortgage source and check into an iterest-only loan.
1032951
Are you talking about a Letter of Explanation? That's something often asked for during the mortgage process, especially if there is a gap in your employment or something derogatory on your credit report. \n\nNormally the underwriter is looking for good reasons to decide whether or not you should get the loan - and this is your chance to explain. \n\nA short, but thorough, explanation is good, and sometimes lean a little towards a "sob story." Health reasons, getting laid off, having your purse stolen, etc. are all good reasons you might have something negative come up. Explain in the letter what happend, and how you solved the problem. Also state that the problem hasn't happened again (if it indeed hasn't.) \n\nTips: Be professional. Type the letter if you can, instead of handwriting it. Check your spelling and grammar. Don't make the letter overly long or wordy. Also, see this link for good articles, polls, discussions and blogs about loans and mortgages: http://mortgagesloans.suite101.com/ \n\nGood luck!
196672
No. The probelm is always going to be that you can't verify your working status and that is a basic requirment of any lender.  No search engine can hel pyou with that!
433721
Call your bank for an appraisal specialist:)
748548
I've been in the real estate business since 1973 and seen this type of thing happen before. Like Eunice said you can sue the pope for rape but proving it is another matter. You do have another course of action; you could choose to have the regulatory bodies in your state do an investigation to see if indeed you were banboofeld. Most lenders in most states are regulated by the Financial Institutions Divisions of your state and you can fill out a form that will require them to determine if indeed the action you described is a violation. Another Department is the Attorney General's Consumer Protection Division. I would send you the links to those places but I don't know your state.\nHere are some links that might be able to give you some direction:\nFederal Statutes Laws having to do with Banking, from Cornell University*: http://uscode.law.cornell.edu/uscode/html/uscode12 \nFederal Code Laws having to do with Banking from Cornell University*: http://www.law.cornell.edu/cfr/cfr.php?title=12 \nFDIC Emerging issues in Banking*: http://www.fdic.gov/bank/analytical/fyi/2003/091703fyi.html \nReal Estate Settlement Procedures Act (RESPA) [about closing costs & settlement procedures]: http://www.hud.gov/offices/hsg/sfh/res/respa_hm.cfm \nFTC: High Rate – High Fee Loans (know your rights): http://www.ftc.gov/bcp/conline/pubs/homes/32mortgs.htm \nFinally before you take a legal course of action please have an attorney review it so that they can inform you whether you have a case or not.\nBuena Suerte
565905
If you're a mortgage loan officer looking for lenders your best bet is the Scotsman Guide.  They a great search engine on their site, www.scotsmanguide.com
445791
Well I am a agent in NC and my spouse is a lender. He is great at what he does but I donot know where you are and lenders are limited to states. Try your local bank or Wells Fargo!
255357
You should talk to someone instead of reading comments based on people who do not have your application and credit profile.\nI have been lending for over a decade and know that allthough everything these guys are saying is true, it might not apply to your situation at all. Every client is unique.
673409
So the lawyer has taken another morgage on your property. In my opinion it seems that the Lawyer has committed fraud, in which case is a matter for the criminal courts. In the case of the loan Im afraid as the law stands here as long as the morgagee (loaner)was innocent in his dealings the loan sticks. I would hire a lawyer quick smart and dependeding on your countires land law you may be entitled to compensation. It seems that the Lawyer may have said " I represent X (your name) who has requested a loan on the property, morgagee doesnt care makes preparations. Im afraid the loan stands, with the option of a possible statute remedy (see a lawyer).
51208
Most lenders do not allow one to assume a mortgage; some do, however.  If the mortgage is assumable, then they will usually allow it if the buyer meets credit criteria.\n\nMost conforming loans do not allow this because it makes for a loophole where people who do not have good credit can get a loan designed for somebody with better credit. \n\nCall your mortgage company anyhow, the worst they can do is say no.
292137
I would try your banker and tell them whats going on.
1017243
i believe the loan is ileagal as the surety isnt all that persons property and thats fraud against the loan co and the partners who have an interest theve been cheated of their equity and the person that secured finance should tell them and also the contract could be nullified by this action no bill for the loan but an angry mob at the door  if the title wasnt clear the financiers were wrong to allow the deal to go through and it could only be for the amount of the persons interest in the property ask a free attorney they all have a free hour consult in the office
1040870
Assuming you can prove what you say.....they should have given you a Truth In Lending disclosure, that states the annual percentage rate, the monthly payment, the number of payments, the total of interest and the total of payments.  Your state should regulate lenders.  This is usually done in a Consumer Credit Commission or Banking Commission.  Contact your state's Consumer Protection Agency, or the Consumer Protection Division of the Office of the Attorney General.
353989
Consult a reputable real estate attourney to find out...
644424
YES ... ME  I AM A SR MANGER AT MORTGAGE BANK PLEASE EMAIL IF WHAT LTV YOU ARE LOOKING TO DO WWW.JOHNG@OLDMERCHANTS.COM
116424
There is no law against it .. however, it all comes down to the lenders individual guidlines. Your best bet is to have your LO look at the guidlines, and or contact the underwriters, and find one that will allow it. \n\nThere are alot of ways around this problem ... If you have a good LO he will know what to do.