The Mortgage Lender, Implode – O – Meter talked about Washington Mutuals troubles today in their blog and also mentioned the Lehman Brother’s filing for bankruptcy. Those are two more very large financial establishments. Since May of 2006, 1 year and 4 months, there has been reported 283 failed mortgage lenders “close their doors”.
Last week, a CBS news anchor said, “…is there hope for the housing market? Interest rates are down…etc”. This is some of the first hope I’ve seen on national media in some time. Cross your fingers and say your prayers. We all hope for the best.
Helping Families Find Home Loans
Texas Recovery Fund Notice
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT HTTP://WWW.SML.TEXAS.GOV.
Brad Lynch, RMLO, (NMLS #206799) is a representative of Mason McDuffie Mortgage Corporation (NMLS #1141). Mason McDuffie Mortgage Corporation is a registered trade name of Mason McDuffie Mortgage Corporation. Equal Housing Opportunity.
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