FHA Loans Sell More Homes: Current Issues in Mortgage Lending

4 Clock Hours
C-5817

This course will provide insight into the current crisis of historic proportions facing the mortgage lending industry nationwide.  We will discuss the most current news such as the bank stress tests, the Obama Administration’s foreclosure rescue plan, any recent local bank failures, and the new consumer protection rules just announced by the Federal Reserve. In addition, Realtors will become more informed on FHA because in today’s market, FHA Loans help real estate agents sell more homes!  However, FHA is not the government’s subprime loan.  In this four hour course Realtors will learn about FHA’s upfront MIP, the new transition to risk-based pricing, what it takes to become an FHA-approved lender (and why you should care), payment to non-approved mortgage brokers, temporary loan limits, FHA Secure, non-traditional credit, risk assessment, payment shock, qualifying ratios, co-borrowers, downpayment requirements, loan “killers,” and an intro to FHA’s 4Cs: Character, Capacity, Collateral, Capital.  We’ll end class with a case study and reveal what a ratings agency found when they re-underwrote a pool of early default subprime loans

This class is an updated version of the class titled “The Subprime Meltdown” which was taught in the Spring of 2007 to early 2008.  For those of you who attended this class in the Spring of 2007: I told you it was going to get worse, didn’t I?  Well guess what, I’m going to tell you again that we are far from the end of this crisis. Until defaults and foreclosures start slowing down, underwriting guidelines and downpayment requirements will continue to tighten.  With tougher conforming loan limits at Fannie and Freddie, FHA has become a beacon of light for Realtors, homebuyers and home sellers.

Schedule of upcoming classes

This class is also approved for Realtor clock hours in the state of Idaho
Course Number: E0623-0608
Idaho Approval Expires June 30, 2010

“what a great way to brush up on my FHA knowledge. This was an interesting and enlightening class.  It was helpful to hear other Realtor’s perspectives on the overall picture of where we’re heading.”

“Many of the issues that were taught today were things that I had never really understood.  This class has given me an idea of where we are headed. PS. I am an Assoc Broker with 25 years in the industry.”

“This class will help me find new buyers for lower price range homes and will also help me consult with my current home seller clients in case the market continues sliding down. (Class date 8/12/08)”

“FHA loans will be the loans used by the majority of homebuyers in the next several years.  Education on this topic is going to help my buyers see a way to buy before interest rates jump up.”

“This class was very informative and pleasurable.  A ton of info, very well presented.”

“This class was fun, upbeat and informative.  I believe education is the key to success in today’s market and it’s vital to let my clients know that I am their trusted resource.  This class helped me achieve that goal. Thank you.”

“Really great class. Timely information, much of which I will utilize immediately. Not only was the subject matter interesting and informative but you are a great teacher.  Exellent energy!”