MORTGAGE FINANCING GUIDE

CCAR – MORTGAGE FINANCE COMMITTEE

August 29, 2008

Amended March/April 2009

INTRODUCTION:

                                           LETTER FROM CCAR PRESIDENT – 2008

                                            PROLOGUE

                                            TAX CREDIT 2009

TABLE OF CONTENTS:

Chapter 1 - Mission Statement/Code of Ethics/Best Practices

Chapter 2 - The Mortgage Loan Process – Home Buying Flow Chart

Chapter 3 - Conventional Mortgage Loans

Chapter 4 - Government Mortgage Loans FHA/VA

Chapter 5 - Special Mortgage Loans

a) Special Conventional

b) Reverse Mortgages

c) Nehemiah Programs

Chapter 6 - CDA Mortgage Loans

Chapter 7 - Construction and Lot Loans

Chapter 8 - Subprime Loans

Chapter 9 - Second Mortgages

Chapter 10 - Short Sales

Chapter 11 - Credit Education and Scores

Chapter 12 - Glossary of Mortgage Terms

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“Do Better Business…. The Carroll Way!”

The information provided in this manual reflects current mortgage information which may be subject to change
without notice/or which may have already been eliminated. Your transaction may involve updates periodically.
Consult with your mortgage loan officer for updated information.