| Mortgage Planner Kent Kopen Earns Expert Certification, 1st ...
Kent Kopen has earned the Certified Liability Advisor (CLA) designation by completing the Manage Liabilities Into Assets program, which provided an intense education that involved various liability management concepts and strategies. For Immediate Release IRVINE, Calif./EWORLDWIRE/March 29, 2007 --- Kent Kopen, Certified Mortgage Planner in Orange County, Calif., has completed training at the 1st Metropolitan Mortgage National Reverse Mortgage Center in Orlando, Fla. to earn the Reverse Mortgage Specialist (RMS) designation. The program covered regulatory compliance issues, processing, underwriting, and best business practices for originating the 8 types of reverse mortgages offered by 1st Metropolitan Mortgage. Los Angeles and Orange County, Calif. are the second and third most active areas for reverse mortgages handled by FHA.
Curbs on banking licences will strain mortgage sector
Dubai: The UAE Central Bank's decision to reject Islamic mortgage lender Amlak's application for a banking licence is expected to slow down the growth of UAE's nascent mortgage sector, according to industry analysts. In the context of the Central Bank's decision to reject Amlak's application, industry analysts expect a similar outcome in the case of Tamweel's application for a licence. While the property market in the UAE is still highly speculative, long-term buyers now play a more important role in the market. Given the large property market pipeline in the UAE, analysts believe that demand for housing loans will not be a constraint on the balance sheet growth of mortgage providers over the short-term. However, with Tamweel and Amlak accounting for the bulk of housing credit supply, any constraint on their ability to lend will affect growth in housing credit in the short-term, according to EFG-Hermes, a leading regional investment bank.
Refinancing Your Mortgage 101
Editors Note: There are several things you should consider before you refinance your home. Here is an article concerning this subject: Practically everyone has refinanced or thought about it at one point in time. We've seen the dozens of commercials that urge us to do it. With rates at record lows over the past few years, refinancing has helped many borrowers lower their monthly payments. Refinancing your mortgage can be a very hard and confusing experience. When you're making your decision, there are several things to keep in mind. First, even a small rate cut can pay off quickly. Second, if you are planning to stay in your home for at least three to five years, it may make sense to pay "points" (a point equals 1% of the loan amount) and closing costs to get the lowest available rate.
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