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2011-04-07T00:00:00.000Z

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Background Information

Employment History

Assistant Vice President of Mortgage Products

Navy Federal Credit Union

Assistant Vice President of Mortgage Products

Navy Federal

Web References (13 Total References)


If the government shuts down, lenders ...

www.bankrate.com [cached]

If the government shuts down, lenders would still be able to process and close VA-backed mortgages, says Barbara Sheehan, assistant vice president of mortgage products for Navy Credit Union in Vienna, Va.

Sheehan says she doesn't expect borrowers to encounter major issues when they try to close on a VA loan next week, as long as the Department of Veteran Affairs' electronic system, used to process the loan files, remains operational during the shutdown.
"In reality there is not any direct interaction with the VA during the origination and processing and closing of the loan," she says.


Barbara Sheehan, assistant ...

www.creditunionsonline.com [cached]

Barbara Sheehan, assistant vice president for mortgage products at Navy Federal Credit Union (Vienna, VA) says that post-recession recovery means less money in many consumer's pockets.

"Some people had to take losses to sell their houses, so to have to start over and save the money again for a down payment is really difficult," she told BankRate.com. Navy Federal offers 100% financing for primary homes and only a 1.75% funding fee--even lower than Veterans Affairs (VA) fee.


Barbara Sheehan, assistant ...

www.cutimes.com [cached]

Barbara Sheehan, assistant vice president of mortgage products at Navy Federal, in an earlier interview said there are questions about the definition of "loan officer" or the term "mortgage originator," both of which are sometimes called "mortgage counselors."

...
Barbara Sheehan, assistant vice president of mortgage products at Navy Federal, in an earlier interview said there are questions about the definition of "loan officer" or the term "mortgage originator," both of which are sometimes called "mortgage counselors."


Barbara Sheehan, Navy ...

www.bankrate.com [cached]

Barbara Sheehan, Navy Federal's assistant vice president for mortgage products, says when members of the military are transferred, they sometimes own houses whose values have fallen, wiping out equity.

"Some people had to take losses to sell their houses, so to have to start over and save the money again for a down payment is really difficult," she says.


If the government shuts down, lenders ...

mortgagefast.com [cached]

If the government shuts down, lenders would still be able to process and close VA-backed mortgages, says Barbara Sheehan, assistant vice president of mortgage products for Navy Credit Union in Vienna, Va. Sheehan says she doesn't expect borrowers to encounter major issues when they try to close on a VA loan next week, as long as

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