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Getting Your Head around Federal Mortgage Regs

There are a lot of regulations in the mortgage industry. Mostly, you don’t need to understand them — that’s why you have a loan officer and work with a professional institution. Nevertheless, you’ll get exposed to a bunch of acronyms, and it’s always frustrating when you don’t understand what people are talking about. Devon Thorsby, Real Estate reporter at U.S. News, put together this super clear, simple guide to some of the big ones: TILA, TRID, QM, RESPA, Dodd-Frank.

 

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Jeffrey Halbert - First Home Mortgage
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Dunkirk, MD 20754

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This is not a commitment to lend. Terms and conditions of programs, products and services are subject to change. All loans are subject to credit approval and property appraisal. Certain restrictions may apply on all programs. First Home Mortgage Corporation of America, First Home Mortgage Services, and First Home Mortgage Company of Maryland are d/b/a's of First Home Mortgage Corporation. First Home Mortgage Corporation is licensed in Connecticut, Delaware, District of Columbia, Florida, Georgia, Indiana, Kentucky, Maine, Maryland, Massachusetts Mortgage Lender and Broker (Lic. #MC71603), Michigan, New Hampshire, Licensed by the New Jersey Department of Banking and Insurance, North Carolina, Pennsylvania, Rhode Island Licensed Lender and Broker, South Carolina, Tennessee, Vermont, Virginia, West Virginia. Equal Housing Lender. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org). Privacy Policy.