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 [...]

“Buy and bail” is a phrase often used by real estate professionals to refer to the process in which a buyer attempts to buy a new property before they walk away from an old one and default on their previous loan. Often, the property they walk away from is an “underwater” property that is worth [...]

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 [...]