Since the real estate sub-prime meltdown, I have always been worried about the role and state of intermediaries in this market. When even the likes of Citibank are being doubted, then we know we are really in trouble. But recently I found out about Mortgage Broker Bonds and am heartened to read about it. This information is new to me, so I thought I would share it with you, as we all share a common interest: real estate.

Did you know that if an institution wants to act as a mortgage provider in any US state, they have to procure a mortgage lender bond called “mortgage broker bond?” This has to be done on a state-by-state basis. This is some kind of a surety that the mortgage broker will act in compliance with the code that mortgage providers have to live by.

In the current market, these mortgage bonds are priced rather attractively. Without doubt the state of the overall real estate market is to blame for this. But making lemonade when life presents a lemon, different mortgage providers (or aspiring mortgage providers) can leap at this opportunity.

And things have gotten so advanced that companies such as JW Bond can now approve your mortgage bond quotes online. So, this might be the once in a lifetime chance that you were looking for.