New Home Sales Drop, State Guide Update For Mortgage Brokers
04/24/2008
More bad news for mortgage brokers and bankers as The Commerce Department reported today that new homes sales dropped 8.5% last month, representing the lowest level (slowest pace) in over 16 years. On top of this came news that the median price of new home sales dropped by the largest amount in almost 4 decades, the [...]
Existing Home Sales Fall 2% in March, Pricing also Falls. Mortgage Broker Guide Update.
04/22/2008
The median price homes sold in March dropped to $200,700, a decline of 7.7% from the median price in March 2007. The National Association of Realtors revealed today that sales of existing single-family homes (including condos) also dropped 2%.
Bryant Surety Bonds also wants to make mortgage brokers aware that additional states have been added to [...]
Mortgage Broker Licensing Guidelines
04/21/2008
Bryant Surety Bonds is proud to unveil our state by state mortgage broker licensing guide. Because each state has its own laws and regulations, it is our hope that this guide will make it easier for mortgage brokers to know what they need to do to qualify for licensing in a new state.
Currently we have [...]
Operational Announcement: Bryant Surety Bonds Closed Friday 3/21/08
03/20/2008
Bryant Surety Bonds, Inc will be closed on Friday March 21, 2008.
Please explore our website to learn all about the Surety Industry, along with surety bond information by business type.
Also be sure to fill out an surety bond application, it is easy to do as everything can be completed online, and instant quotes are available.
In todays market it is getting increasingly difficult for mortgage brokers to survive in their old market alone. It is for this reason we have seen an increasing amount of mortgages brokers applying for surety bonds in additional states. The thought is simple, if I can enter new territories, I will increase my chances on making up some lost income. The frustrating part in becoming licensed as a mortgage broker is additional states is that each state has its own specific laws on what is required to become licensed.
Bryant Surety Bonds has begun to put together a comprehensive guide for mortgage brokers broken down by state. This way brokers looking to expand their territories will have easily accessible information on what exactly that will take. You will be able to quickly see if there is an age requirement in New Jersey, if you will need background check for Colorado, or a physical location in California to be allowed to broker there. Our pages are designed to give you a quick synopsis of the states guidelines, and how the state rates in difficulty when compared to others. After this, we have breakout point organized as follows:
