LIEB BLOG

Legal Analysts

Monday, February 28, 2011

Employment Opportunity: Attorney for Lieb at Law

Lieb at Law is Hiring!

We are seeking an innovative and career-oriented Attorney with transactional and litigation experience for a management position within our production department. The firm's legal concentrations are plaintiff’s personal injury and real estate litigation / transactions inclusive of bank representation. Our new hire's responsibilities will include overseeing the firm's processing team in court applications, contract preparation, legal research and strategy.


Requisite qualifications: Legal research skills with Westlaw and Lexis, excellent legal writing experience and a high degree of computer literacy. Must want to be the best, Must have swagger.

Email resume and writing sample to careers@liebatlaw.com.
 
* Must be willing to work out of Center Moriches office location

Friday, February 25, 2011

SCHOOL UPDATES

Continuing Education Registration Updates:
  • The Commercial Real Estate Course - Scheduled on March 8th in Patchogue is now full. If you would like to be put on the waiting list email realestateschool@liebatlaw.com
  • Mortgage Mania - Scheduled on March 24th in Bethpage has seats available. REGISTER HERE.
Coming Soon:
  • April Course Calendar will be posted soon!
  • The Real Estate School will be announcing a new and exciting School Sponsor.
  • Brand NEW 3 Credit Continuing Education Course awaiting DOS Approval. We anticipate offering this course in April & May in Nassau County and the Twin Forks. Course entitled -Conflicts of Interest: A Course on Real Estate Ethics


***Lieb at Law will be launching a brand new website. Stay tuned for more updates!

Monday, February 21, 2011

Wells lowers credit score requirement

The bank is now shifting focus from a high scredit score to a larger down payment requirement & a lower debt-to-income ratio. Now, an FHA borrower who comes up with a minimum 10% down payment & has a maximum debt-to-income ratio of 31% can qualify for a loan if their credit score is over 500.

It seems that this may be related to the administration's housing report, which discussed a need for higher down payments & discussed establishing more federal oversight of credit scores. Regardless, the key takeway is that the bank cares more about how much the borrower has to lose if they do not pay their mortgage and how much money they have available to pay their mortgage, rather than what the borrower's previous borrowing habits indicate.

To learn more about Wells' new move, click here.