You will blame your mortgage company, the government will blame the mortgage industry, and the cause of the increase is due to regulations that were put in place under the premise of reducing costs to the consumer.
Dallas, Texas (PRWEB) October 15, 2011
Kevin Miller of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas reverse mortgages, will discuss how rates have now risen a quarter of one percent since the FED started printing money last month. The FED's intention was to lower rates but it has spooked bond buyers and caused rates to increase which will reduce home loan purchases to the lowest on record. He will also discuss how the new government regulations have added 50% more work and 20 more steps to the loan process which will frustrate homeowners and increase closings costs and rates for consumers. The additional cost for staff, paperwork, and other inefficiencies caused by the government will increase the average cost to the consumer by at least $1,500 per loan by the end of 2012 compared to the beginning of 2010.
In Dallas/Fort Worth the show can be heard Saturday on AM 570 KLIF from 1:00 p.m. to 2:00 p.m.
"You will blame your mortgage company, the government will blame the mortgage industry, and the cause of the increase is due to regulations that were put in place under the premise of reducing costs to the consumer. In addition, due to the additional costs and a drop in mortgage volume these regulations will result in a net loss of jobs to the economy as well" commented Kevin Miller.
TexasLending.com has been on the air for over 10 years to educate the consumer about home loans in Texas. Listen in each week as the CEO of TexasLending.com, Kevin Miller, and his co-hosts, discuss the behind the scenes information about the mortgage industry that will help you in making an informed decision about your home loan now and in the future.
TexasLending.com provides expert service in the field of residential mortgages. Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado. TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, Texas home equity loans, refinance loans, reverse mortgages, Dallas home loans, Houston home loans and Austin home loans. To find out more about Texas Lending’s home loan and mortgage programs, visit http://www.TexasLending.com.