Last week, current Federal Reserve Board Chair Ben Bernanke was reconfirmed for another four years by the United States Senate in a 70-30 vote. Who is Ben Bernanke, and what exactly does the Fed chair do? PERL Mortgage Advisor and top 200 producer Barry Schwartz explains the role of the Fed and its current leadership.

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If you search the words “Credit Repair” on Google, you’re likely to find nearly 21,000,000 results. So how do you separate the wheat from the chaff? PERL Mortgage Adviser and top 200 producer Barry Schwartz explains the concept of credit repair and offers real world solutions and steps to evaluate and improve credit ratings.

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The Real Estate Settlement Procedures Act, also known as RESPA, was passed by Congress in 1974. HUD is rolling out a series of new changes surrounding RESPA, the Good Faith Estimate, and the HUD-1 settlement statement all borrowers receive at closing. Attorney and Mortgage Consultant Dan Fogel discusses these changes and how they’ll affect the mortgage process from application to closing.

For more information, please visit this PDF article on the HUD website.

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New Logo! Also…PERL President Ken Perlmutter discusses steps the mortgage industry has taken to restore transparency through rational underwriting, more traditional lending guidelines, and education — as well as government efforts to stimulate the homebuying market by purchasing mortgage backed securities, extending the $8,000 first-time homebuyer tax credit, and evolving oversight of Fannie Mae and Freddie Mac.

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Congress recently passed a bill extending the first-time homebuyer tax credit to mid-2010. Bob Bowman, Mortgage Consultant with PERL Mortgage, discusses the components of this extension — as well as economic indicators he uses to monitor daily interest rates.

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