|
Q: |
Where do I get
information on who regulates lenders? |
|
A: |
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.
|
|
|
Q: |
Where do I get
information on finding the best loan? |
|
A: |
For
information on how to find the best home loan, 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.
|
|
|
Q: |
Where do I get
information on lock-ins? |
|
A: |
For
information on lock-in mortgage rates, check out this
brochure:
* "Consumer?s 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. |
|
|
Q: |
Where do I get
information on mortgages? |
|
A: |
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.
|
|
|
Q: |
Where do I get
information on correcting loan payments?
|
|
A: |
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. |
|
|
Q: |
Where can I
get a list of mortgage brokers? |
|
A: |
For
information on mortgage brokers, contact the National
Association of Mortgage Brokers at (703) 610-9009
|
|
|
Q: |
Where do I get
information on refinancing? |
|
A: |
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. |
|
|
Q: |
How do I
monitor my ARM loan? |
|
A: |
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. |
|
