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Mortgage - Whom to Contact (Other Mortgage Considerations)
Where can I get a list of mortgage brokers?
For information on mortgage brokers, contact the National Association
of Mortgage Brokers at (703) 610-9009.
Where do I get information
on who regulates lenders?
The following regulatory bodies oversee lenders:
* Comptroller of the Currency, Compliance Division, Washington,
D.C., (800) 613-6743.
* Office of Thrift Supervision, Consumer Affairs, Washington,
D.C., (202) 906-6237.
* Federal Deposit Insurance Corp., Consumer Affairs, Washington,
D.C., (800) 934-3342.
* Your state departments of real estate or commerce also may regulate
the lenders in your area.
Where do I get information
on correcting loan payments?
The following auditing services can do a thorough review of residential
mortgages for lender calculation errors:
* Mortgage Monitor; 1372 Summer Street, Samford, 06905; (800)
AUDIT-USA.
* Loantech, (301) 762-7700.
But keep in mind that these services
come with a fee, and your lender should be able to work with you
to make your own accurate calculation.
Where do I get information
on refinancing?
For information on refinancing, the following booklet may be helpful:
* "A Consumer's Guide to Mortgage Refinancings;" Federal
Reserve Bank of San Francisco, Public Information Department,
P.O. Box 7702, San Francisco, CA 94120; call (415) 974-2163 to
order.
Where do I get information
on lock-ins?
For information on lock-in mortgage rates, check out this brochure:
* "Consumers Guide to Mortgage Lock-Ins" from the Federal
Reserve Bank of San Francisco, Public Information Department,
P.O. Box 7702, San Francisco, CA 94120; or call (415) 974-2163
to order.
Where do I get information
on finding the best loan?
For information on how to find the best home loan for you, check
out this booklet:
* "How to Shop for a Mortgage," by the Mortgage Bankers
Association of America, 1125 15th St., N.W., Washington, DC 20005;
call (202) 861-6500.
How do I monitor my ARM
loan?
Consumer Loan Advocates publishes a book with form letters and
worksheets to help people who want to check mortgage payments
or adjustments on their own. It costs $19.95 plus $4 shipping
and handling. For a copy, write or call Consumer Loan Advocates,
655 Rockland Road, Lake Bluff, IL 60044; (847) 615-0024.
Where do I get information
on mortgages?
For information on mortgages, check out the following sources
for information:
* American Bankers Association; (202) 663-5000.
* Mortgage Bankers Association of America, 1125 15th St., N.W.,
Washington, DC 20005; (202) 861-6500.
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