Wall Street Journal (04/17/12) Zibel, Alan New standards from the Federal Housing Finance Agency will require mortgage servicers to review and respond to short sale requests within 30 days of an offer on the property and provide weekly status updates if the offer is still under review after that. Mortgage firms will have to make [...]
Tag Archive | "Home Refinance"
The Hangover Let’s look at a drinker. Not a raving alcoholic that gets drunk regularly, rather our drinker – we’ll call him Jim – will control his consumption most of the time. However every once in a while Jim will let the moment get the best of his judgement, and he’ll get smashed. When I [...]
New Treasury Department guidelines will go into effect June 1; these guidelines will require loan servicers to verify applicant’s income and financial situation before placing them into trial modification. This will make it more difficult to get a relief from unaffordable mortgage payments, but if people make it into trial modification they are more likely [...]
What I hope to be able to accomplish with this blog is to make sure that borrowers (and Realtors) know that the loan officer is your advocate when preparing your loan for review with their underwriters and processing staff. Loan officers have a responsibility to not only our employer but to our borrowers – a [...]
As the Real Estate and financial markets continue to move up and down, mortgage rates can also be affected. Since mortgage rates are more closely tied to the bond markets, an up or down move in the stock market may not have the result in mortgage rates that one might expects. In fact, many times [...]
With the resurgence of FHA home loans, many home owners are wondering if they can benefit from an FHA loan. The truth is that you may or may not benefit by converting your existing loan into an FHA loan when you refinance. Some of the factors that can determine if an FHA loan is right [...]
Our mortgage professionals can give you FREE loan advice to help you understand the mortgage process. Wondering which loan is right for you? Not a problem! We can help determine which loan will fit your needs for your home purchase, refinance or debt consolidation needs. If you have any questions, please contact us or call [...]
