More Information and Links
If you’re interested in being further informed beyond my workshops, below are some other resources:
FFIEC – Average Prime Rates The FFIEC has developed the NEW Rate Spread Calculator to assist HMDA reporting institutions with the 2008 Regulation C amendments for reporting Rate Spread data effective October 1, 2009 and forward.The Rate Spread Calculator generates the spread between the Annual Percentage Rate (APR) and a survey-based estimate of APRs currently offered on prime mortgage loans of a comparable type utilizing the “Average Prime Offer Rates- Fixed” and “Average Prime Offer Rates- Adjustable” tables, action taken, amortization type, lock-in date, APR, fixed term (loan maturity) or variable term (initial fixed-rate period), and lien status. Rate Spread is a calculated field and is NOT simply the APR on the loan application. The reporting requirement applies to originations of: home purchase loans, dwelling-secured home improvement loans, and refinancings.
National Association of Independent Housing Professionals (NAIHP) Comprised of all housing industry professionals, NAIHP is strictly a legislative and regulatory organization, leaving education and other such issues to trade associations with individual interests. Low membership dues ($50 a year per person), will enable NAIHP to grow into one of the largest grassroots organizations, without creating a financial burden on its membership. As most legislative and regulatory actions affect the entire housing industry, NAIHP was created to advocate on behalf of all small business housing professionals.
Nationwide Mortgage Licensing System (NMLS) The NMLS Resource Center is the official gateway into the Nationwide Mortgage Licensing System & Registry (NMLS) and provides users with tools, tips, news and updates.
U. S. Department of Housing and Urban Development – Buying a Home U. S. Department of Housing and Urban Development website provides extensive information about buying a home including affordability, borrower’s rights, tips and tricks for shopping for a loan, and details about different home buying programs including FHA loan programs and other special programs.
U.S. Department of Housing and Urban Development U.S. Department of Housing and Urban Development website.
HUD’s Settlement Cost Booklet Shopping for Your Home Loan – HUD’s Settlement Cost Booklet
Other HUD Resources List of Resources from HUD
United States Postal Service Official Movers Guide What happens after you complete the purchase process? This U.S. Postal Service site provides all kinds of tools and tips to help make the moving process easier.