Hopefully such regulation would wipe out 80/90% of the "program gurus" and would put authors of "information" under a microscope as to the quality of information, experience and expertise of qualified counselors.

Massachusetts has a lot of different programs, including down payment assistance through forgiveable loans, etc.

I had a friend tell me earlier today about the HUD program and that it is definitely worth looking into.

11 years mortgage experience and having been a banker (lender) and broker... a knowledgeable broker get you better rates, lower fees and has more programs.

She was told to allow the house to go delinquent so she would qualify for a government program mortgage reduction.

To our knowledge the program is not mandatory.

Dodd-Frank does not require any particular underwriting method to be used, that means one does not need to select a particular program method as used in VA, FHA, Fannie Mae, Freddie Mac, USDA, or other secondary market programs.

And "good" can be defined as academically good, or it can be a school with a great sports program that everyone wants their kid in.

Jasmine Claye depending on the loan program, the lender will likely only require an appraisal.

Piggy Back loans are used to avoid a loan program that would require one loan for all proceeds which may mean having to pay for PMI or MI.