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Changes in U.S. mortgages explained in free presentation

Loyola press release - February 14, 2011

The Real Estate Law Society at the Loyola University New Orleans College of Law presents “Crepes! The Mortgage Market is Changing - What do I need to Know?" on Thursday, Feb. 17, from 12:30 p.m. – 2 p.m., in the Broadway Activities Center, Room 202. It is free and open to the public. Crepes will be served. RSVPs are recommended and can be sent to LoynoRELS@gmail.com.

Recently, the U.S. Congress enacted the Secure and Fair Enforcement for Mortgage Licensing Act, commonly known as the SAFE Act. This act completely revised the way mortgage brokers and loan originators are trained and licensed, therefore subsequently impacting the entire mortgage process. These changes will affect everyone who plans on purchasing or selling real estate property for personal use or investment purposes.

Topics to be covered include:

  • What your credit score means
  • Changes in down payment requirements
  • Negotiating the interest rate
  • Pre-qualifying vs. pre-approval

Speaker Roy Ponthier, Ph.D., Ed.D., has worked first-hand with the Nationwide Mortgage Licensing System to develop guidelines for training mortgage brokers and loan originators in the U.S.

For more information on the Real Estate Law Society, including how to become a member, visit e-mail LoynoRELS@gmail.com. The membership deadline for 2011 is Feb. 28.