Applies to All

• Mortgage Talking Points^TM flyer, Protect Your Clients from the Latest Loan Modification Scams
  • Description of the top 5 scams

• Mortgage Talking Points^TM flyer, Military & Certain Federal Employees Get Homebuyer Tax Credits Until 2011
  • Who qualifies?
  • And must have had...
  • Tax Credit extended to...
  • Can get tax credit if...

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  FREEBIE — Mortgage Talking Points^TM flyer, How Do I Know if It's a Condo? — FREEBIE
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  • Definition of a condo
  • So what should you do?

• Mortgage Talking Points^TM flyer, Rules for Dropping Mortgage Insurance: What you and your clients need to know
  • Dropping conventional mortgage insurance rules
  • Dropping FHA mortgage insurance premium rules
  • Estimated number of years to drop mortgage insurance chart

• Mortgage Talking Points^TM flyer, How to Adapt to the New Disclosure Rules
  • The Mortgage Disclosure Improvement Act
  • RESPA & New Good Faith Estimate
  • What to Advise Your Clients to Insure Smoother Transactions

• Mortgage Talking Points^TM flyer, HO-6 Condo Insurance Policy Simplified!
  • What is it?
  • What does it mean to you?

• Mortgage Talking Points® flyer - Homebuyer Tax Credit Extended, Expanded & Enhanced
  • Read the highlights.
  • Who qualifies.
  • Important dates.

• Mortgage Talking Points® flyer - Avoiding HUD Home Headaches: Tips on Buying HUD Foreclosures
  • Key Points to Avoid Problems & Advise Buyers

• Mortgage Talking Points^TM flyer - MCC - Mortgage Credit Certificates, A Blast from the Past
  • What is an MCC?
  • Who is eligible?
  • How is it calculated?

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  FREEBIE — Mortgage Talking Points^TM Flyer, "Advertising Rules (RegZ) for Real Estate Agents and Builders" — FREEBIE
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  • Existing Advertising Disclosure Rates
  • Updated Rate & Payment Rules
  • Information for Printed Ads, TV, Radio Video and all other Oral Disclosures

• Mortgage Talking Points^TM flyer, Home Valuation Code of Conduct: Now What? Frequently Asked Questions
  • How does an appraisal get ordered?
  • What is an Appraisal Management Company?
  • What if the value comes in lower than the sales price?

• Mortgage Talking Points^TM Flyer "Quick Guide to Rural Housing Loans"
  • Buyer Qualification Highlights
  • Property Qualification Highlights
  • Prohibited Loan Purposes

• Mortgage Talking Points® Flyer - What the New Market Condition Appraisal Is All About
  • So what is the New Market Condition Appraisal all about?
  • Requirements for declining market properties.
  • What does it all mean to you?

Applies to Fannie & Freddie

• Mortgage Talking Points^TM - Seller-Held Second Mortgage Rules
  • Did you know...
  • Seller Second Guidelines
  • What does it all mean to you?

• Mortgage Talking Points^TM - Take the Mystery Out of Financed Mortgage Insurance
  • So, what is it?
  • Which borrowers should consider financing MI?
  • Why would you care?

• Mortgage Talking Points^TM Flyer - What You Need to Know About Appraisals and Were Really Afraid to Ask!
  • What it's all about (market conditions appraisal form).
  • Why you should care.
  • When will the new information be required.
  
  
• Mortgage Talking Points^TM - Temporary Interest Rate Buydowns: How to Use to Sell OR to Purchase a Home
  • Why use temporary interest rate buydowns?
  • How it works - Conventional financing.
  • Examples

Applies to Fannie Only

• Mortgage Talking Points^TM flyer, Summary of All Waiting Periods for Derogatory Events (Fannie)
  • Derogatory Events
  • Waiting Period Requirements
  • Waiting Period with Extenuating Circumstances

• Mortgage Talking Points^TM flyer, Fannie Cracking Down on Foreclosure Redemption Periods
  • How this generally works...

• Mortgage Talking Points^TM flyer, Advising Short Sale and Deed-in-Lieu Clients
  • Fannie defines all pre-foreclosure events
  • Current waiting period VS. New waiting period requirements

• Mortgage Talking Points^TM Flyer, Don't Close Late - Don't Close Ugly! New Rules Make for Bumpy Ride to Closing.
  • Rules for: HVCC, MDIA, RESPA, LQI, HPML

• Mortgage Talking Points^TM Flyer, Freddie Mac HomeSteps® vs. Fannie Mae HomePath®
  • Freddie HomeSteps®
  • Fannie HomePath®
  • What does this all mean to you?

• Mortgage Talking Points^TM Flyer: HomeStyle® Renovation - The Conventional Alternative to an FHA 203k
  • What types of properties qualify?
  • Down payment required?
  • Limitations?

• Mortgage Talking Points^TM Flyer: Working with Real Estate Investors - Know the Rules!
  • Highlights
  • Qualifying
  • Benefits

• Mortgage Talking Points^TM - What Are The New Rules When a Client Buys a Home & Current Home is Not Sold or Not Going to Be Sold?
  • New Fannie Mae Rules
  • Current Home Pending Sale
  • Existing Home Coverts to Second Home
  • Existing Home Converts to Rental Property

• Mortgage Talking Points^TM - How Seller Seconds Can Help Your Listings Sell Quicker and How You Can Qualify More Buyers
  • How to put together a seller-second transaction.
  • What info needs to be part of the 2nd mortgage document.
  • Detailed examples of payment comparisons.

Applies to Freddie Only

• Mortgage Talking Points^TM flyer, Some Relief for Chinese Drywall Problem
  • Some of the problems with Chinese Drywall
  • Freddie Mac Relief Policy

• Mortgage Talking Points^TM flyer, Planned Unit Developments - Keep it Simple
  • What's a PUD?
  • Are there special financing rules?

• Mortgage Talking Points^TM flyer, Rules for Buying a Primary Residence Without Selling Current Home
  • Rule: Home on the market and purchasing new primary residence
  • Rule: Converting primary home into second home and purchasing new primary residence
  • Rule: Converting primary home into an investment property

• Mortgage Talking Points^TM - Best Practices for Property Flips
  • What is a legitimate property flip?
  • What transaction characteristics could stop your closing?
  • How do you ensure a smooth process and closing?

FHA

• Mortgage Talking Points^TM flyer, FHA Short Sale Rules
  • Borrowers with a short sale are not eligible for a new FHA loan if...
  • Borrowers are eligible for a new FHA loan if...

• Mortgage Talking Points^TM flyer, FHA Assumptions = More $ales
  • All info provided assumes existing loan was originated on or after Dec. 15, 1989
  • List of assumptions
  • Do the research on the listing to determine...

• Mortgage Talking Points^TM flyer, FHA Repair Escrows: How and When They Work
  • Rules for establishing repair escrows
  • If contract states that seller is paying for repairs...
  • If contract states that buyer is paying for repairs...

• Mortgage Talking Points^TM Flyer, What the Heck is FHA HAMP?
  • Eligibility criteria
  • Details about the program

• Mortgage Talking Points^TMflyer, How to Deflate FHA Pumped Up Premiums
  • Old vs. New Comparison Chart for UFMIP

• Mortgage Talking Points^TMflyer, Investors Wanted: FHA Issues Moratorium on The 90-Day Flipping Rule
  • All transactions must be arms-length with no inappropriate agreements
  • When sales price exceeds sellers acquisition cost by more than 20%

• Mortgage Talking Points^TMflyer, Say "I Do" to FHA Bridal Registry Account
  • Here's how it works...
  • How and whom to inform

• Mortgage Talking Points^TM flyer, Growing Family? FHA Can Help!
  • Borrowers will be required to...

• Mortgage Talking Points^TM flyer, FHA 2010 Max Loan Limits
  • Include loan limits for counties you do business in.

• Mortgage Talking Points^TM flyer New FHA Condo Guidelines: The Life Raft for 2010
  • New clarified guidelines
  • Make sure you comply
  • Important Dates

• Mortgage Talking Points^TM flyer Half-Price Homes! Good Neighbor Next Door - The Rare Gem
  • Highlights
  • Eligible borrowers
  • Additional borrower criteria

• Mortgage Talking Points^TM - The Secret to Making Sweat Equity Work for Your Buyer!
  
  • Type of Construction
  • Existing Rule
  • Proposed Rule

• Mortgage Talking Points^TM flyer - "Shake the Money Tree"
  • Little-known sources for FHA down payment.
  • Bridal Registry account.

• Mortgage Talking Points^TM – The Second Time Around
  • Situations that allow clients to have more than one FHA mortgage
  • Do they have to qualify for two mortgages? Not always.

• Mortgage Talking Points^TM - FHA - Loans From Immediate Family.
  • FHA loans OK from immediate family members.
  • How to structure the loan to a relative.
  • What documents are required?

VA

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  FREEBIE — Mortgage Talking Points^TM flyer, How Do I Know if It's a Condo? — FREEBIE
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  • Definition of a condo
  • So what should you do?

• Mortgage Talking Points^TM flyer, Great News! VA Offers Some Leniency on Condos
  • VA will now lend on FHA approved Condo Projects if...
  • The lender will still need to verify that the condo project is...

• Mortgage Talking Points^TM flyer, What You Need to Know About Seller Concessions & VA Loans
  
  • Seller can pay up to 4% in sales concessions that include...
  • Payment of closing costs are not included in the 4% limitation

USDA

• Mortgage Talking Points^TM flyer, Six Common Deductions Allowed by USDA: More People Can Qualify
  • Common adjustments and amount of deduction
  • What is not counted as debt and does not affect the debt-to-inome ratio

• Mortgage Talking Points^TM flyer, Quick Guide to Rural Housing Loans
  
  • Buyer Qualifications
  • Property Qualifications
  • Prohibited Loan Purposes

Compliance

• Mortgage Talking Points^TM flyer, Credit Do's & Don'ts Before Closing: Coaching Your Clients
  
  • A list of Do's and Don'ts to consider "coaching" your clients on.
  
  
• Formal Version - Mortgage Talking Points^TM flyer, Why Indecision Equals Delays: What You Need to Know About the Mortgage Disclosure Improvement Act
  
  • 4 Reasons Behind This Law
  • What You Need to Know
  
  
• Informal Version - Mortgage Talking Points^TM flyer, Get Your Poop in a Group: What You Need to Know About the Mortgage Disclosure Improvement Act
  
  • What You Need to Know About MDIA
  • Days of Rush Closings Are Over

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  FREEBIE — Mortgage Talking Points^TM Flyer, "Advertising Rules (RegZ) for Real Estate Agents and Builders" — FREEBIE
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  • Existing Advertising Disclosure Rules
  • Updated Rate & Payment Rules In Addition to Existing Rules
  • Size of Lettering & Placement of Disclosure – Printed Ads

Reverse Mortgages

• How to Create More Sales with Reverse Mortgages (Mortgage Talkings Points® Flyer)
  
  • What's so great about it?
  • Who is eligible?
  • Why type of properties?
  • How much can they borrower to purchase the home?