Printer Friendly
The Free Library
5,677,005 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Guaranteed mortgage packages.


Eighty-four percent of real estate agents and 82 percent of broker-owners would have moderate or high interest in recommending Guaranteed Mortgage Packages, or GMPs, to their homebuyer customers, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a recent survey by Campbell Communications, a market research firm which conducts surveys in the mortgage and real estate industries.

Only 16 percent of agents and 18 percent of broker-owners would have "No Interest/Low Interest," according to survey responses.

Guaranteed Mortgage Packages are part of an overall RESPA RESPA Real Estate Settlement Procedure Act  reform rule currently being proposed by the U.S. Department of Housing and Urban Development (HUD Hud (hd), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. ). Under the GMP GMP (guanosine monophosphate): see guanine.  option, homebuyers would be offered guaranteed mortgage rates and settlement costs that could not vary at closing, except within close tolerances.

In return for the consumer guarantee, GMP providers would be offered an exemption to the current RESPA prohibition on volume discounts and referral fees.

The survey, sponsored by Inside Mortgage Finance, was conducted in October 2003 and received approximately 1,500 responses from real estate agents and 500 responses from broker-owners, on two separate but parallel survey instruments.

For information on the report, contact John Campbell John Campbell is the name of: British political figures
  • John Campbell, 1st Earl of Loudoun (died 1933)
  • John Campbell, 2nd Duke of Argyll (1680–1743)
  • John Campbell of Cawdor (1695–1777), minor British politician
, 202.363.2069, or john@campbellsurveys.com.
COPYRIGHT 2003 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 12, 2003
Words:192
Previous Article:Are valuation rules changing?
Next Article:Compliment, but don't flatter.
Topics:



Related Articles
Accounting for the sale of receivables under EITF Issue NO. 88-11.
Lincoln refinances $112.5M through Fannie Mae. (Lincoln Towers apartment cooperative, Manhattan, New York, New York, closes $112.5 million, 10-year...
Gift of a loan guarantee.(taxation)
MORTGAGE FIRM FOR SALE : WEYERHAEUSER TO MOVE OUT OF LOAN BUSINESS.(BUSINESS)
In the house. (Letters).(Letter to the Editor)
Property buying and mortgage "how-to's".
Focus on health.(Letters)(Letter to the Editor)
Defense AT & L writer's guidelines in brief.
A residential real estate purchasing primer.(An Advertising Supplement, home buying, mortgage insurance)
Baby-boom boom.(Wall Street West)(Brief Article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles