Federal program aims to streamline short sales in 2010
Posted on March 15, 2010
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Here’s another acronym to add to the federal government’s alphabet soup of foreclosure prevention programs: HAFA, or Home Affordable Foreclosure Alternatives. It could streamline short sales in 2010.
Source:Federal program aims to streamline short sales in 2010
Mortgage Originations Jump in 2009; Wells is Biggest
Posted on March 15, 2010
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Residential mortgage productionlast year increased 40 percent from 2008, according to MortgageDaily.com’s Fourth Quarter 2009 Mortgage Lender Ranking.
The findings were based on data obtained from quarterly earnings reports, public filings and directly from the companies as well as from government data.
Last year’s biggest residential lender was Wells Fargo, which saw business improve by 83 percent from a year earlier.
No More Approval Letters Without Properties
Posted on March 15, 2010
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Under the new Real Estate Settlement Procedures Act, rule, a lender cannot perform income, asset and credit verifications until the prospective borrower has received a Good Faith Estimate, Patton Boggs LLP Partner Rich Andreano told MortgageDaily.com in a telephone interview.
But if a loan commitment is issued without a property and costs vary significantly on the poperty selected — the lender cannot revise the GFE.
In such a situation, the lender would be obligated to pay the difference in the taxes and fees.
How to Make Sure You Get a Good Remortgage Deal
Posted on March 15, 2010
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If you are a homeowner looking for a way to reduce your monthly bills you may want to consider remortgaging your home. There are a variety of other reasons that somebody may want to remortgage their home, every situation is different. In order to make the most of it, it is important that you get the best remortgage deal possible. The problem is that the best deal varies from homeowner to homeowner depending on individual circumstances. The best bet is usually to use a remortgage broker to help make sure that you get the best deal for you.
Source:How to Make Sure You Get a Good Remortgage Deal
HSBC Loan Modification – Where Do You Start?
Posted on March 15, 2010
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Your HSBC mortgage is in default,and you are hoping to work out a loan modification through President Obama’s Making Home Affordable Program. Where do you apply for a HSBC Loan Modification?
Source:HSBC Loan Modification – Where Do You Start?
Keybank Loan Modification – Finding Help
Posted on March 15, 2010
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Are you struggling each month to make that payment on your Keybank home mortgage? A Keybank loan modification could help you get a handle on your financial situation and save your home!
Source:Keybank Loan Modification – Finding Help
How to Use a Mortgage Refinance Calculator
Posted on March 15, 2010
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Whether you plan to build a house, buy one or remodel your existing home, this is usually when you take a home loan. In fact taking a home loan is a means for the common man to build a home, and you go about trying to get the lowest rate of interest possible when selecting one. But this interest rate could vary depending on the whims and fluctuations of the credit market.
Source:How to Use a Mortgage Refinance Calculator
Mission Hills Mortgage – A Mortgage Company That Will Help Fulfill Your Dreams
Posted on March 15, 2010
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Sometimes you need the help of a person or people to fulfill your dreams, owning one’s own home is a dream that is impossible for some folks to accomplish in reality. If you happen to go online you will be surprised to find how many mortgage companies there are out there, as you go through the information that is posted there you will be tempted to strike up a few contacts and see what schemes they are offering.
Source:Mission Hills Mortgage – A Mortgage Company That Will Help Fulfill Your Dreams
Now it's a Mortgage For the Self Employed – Grab It!
Posted on March 15, 2010
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The self-employed were always at a disadvantage when applying for a mortgage or 100% financing for a new home. The difficulty lay in the documentation of their income and lenders were wary of the self-employed, unless they were big names in the business scene.
Source:Now it's a Mortgage For the Self Employed – Grab It!
College Town Real Estate Displays Immunity To Foreclosure Crisis
Posted on March 14, 2010
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Hard times in the nation’s employment sector have helped college towns like Burlington, Vt., and Utica, N.Y., avoid the foreclosures that have hit Las Vegas and other markets across California and Florida.
Source:College Town Real Estate Displays Immunity To Foreclosure Crisis
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