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At Neighborhood Mortgage we have the lowest rates at the lowest costs!
Give us a call today to get started............
678-990-8580 or 1-877-208-6451 x-8580
or just complete the Quick Quote below. One of our experienced and knowledgeable loan officers will contact you right away!
In 2008, theHomeOwnership and Equity Protection Act (HOEPA) and theHousing and Economic Recovery Act (HERA) were passed by Congress, and the Federal Reserve Board published the regulations under the Truth in Lending Act.
These regulations were written to provide amore transparent, level and fair regulation of the real estate industry; to add additional steps to help prevent deceptive lending practices; and to protect consumers bymaking them more informed — and thereforemore confident — in their home financing choices. In addition, FannieMae and FreddieMac adopted theHome Valuation Code of Conduct (HVCC) in 2008 to reinforce appraiser independence, valuation protections, and enhance the overall integrity of the valuation process.
Here are a synopsis of the impacts of these new regulations:
HVCC and HERA overview
Example TimeFrames
Impacts on Loan Originators, Real Estate Agents, Attorneys, and Consumers
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Our experienced loan consultants will give you personal attention and treat you with the respect you deserve . We understand that purchasing a new home or refinancing your current home can be one of the biggest decisions you will make in your lifetime. That’s why we are committed to making the process as comfortable and hassle free as possible.
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| Neighborhood Consistantly Beats the National Averages! |
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 Top News
Mid-Day Recap: Labor Reports Send Markets into Freefall - 1 day ago
The pace of losses in the labor market had been moderating for four months but in June nearly half a million jobs vanished from the economy, in contract to widespread expectations. The Bureau of Labor Statistics said 467,000 jobs were lost, pushing the unemployment rate to 9.5%, the highest in 26 years.?The heavy loss of jobs in June is a warning that the road to recovery will be bumpy, but doesn't yet indicate that we have gone off the track? . . . ...(read more)
The Day Ahead: Markets Hesitant Ahead of Employment Data - 1 day ago
Markets are edging lower ahead of the 8:30 release of Nonfarm Payrolls. A lot is hanging on this report as many forecasts for the economy are dependent on the direction of the labor market. Many look for signs of stabilization after last month?s downside surprise, but signs of a recovery have been far from evident in the weekly Jobless Claims numbers or the ADP private employment report. The consensus looks for 325,000 jobs to have vanished this month, with forecasts ranging between 225,000 and 435,00...(read more)
HARP Guidelines Allow for 125% LTV. Originators Still Skeptical - 2 days ago
The Home Affordable Refinance Program was designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Mae or Freddie Mac owned mortgage loan. Unfortunately due to rising unemployment levels and increasing foreclosure rates, demand for housing has weakened and property values have continued to decline, which has blocked many borrowers from utilizing HARP....(read more)
Mortgage Performance: Fighting Rising Rate of Foreclosures with Loan Modifications - 2 days ago
A joint report from the OCC and OTS, which includes 64% of all outstanding mortgages, shows that instances of delinquency continued to increase in the second quarter. Particularly of note is the increasing growth rate of delinquencies among loans backed...(read more)
Mixed Data for Real Estate, ISM Index Improves - 2 days ago
Three data releases at 10:00 failed to sing in tune with each other. A key indicator of output showed some improvement but is still contracting overall, and while contracts for home purchases are on the rise, spending on the construction of new homes it at historic lows....(read more) |
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 Neighborhood Mortgage - 1835 Lockeway Drive Suite 306 - Alpharetta, GA 30004 Office Phone: 678-990-8600 Fax: 678-990-8601 Toll Free Phone: 1-877-208-6451
Equal opportunity Lender
Neighborhood Mortgage is a Georgia Residential Mortgage Licensee # 16837 , Tennessee Registrant # and a HUD approved Lender.
National Mortgage Licensing System Registration #138234
 
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