Obama announces plan to ease “crushing” student loan debt California Foreclosure Filings Drop 19%: ForeclosureRadar FORECLOSURE SALES STEADILY CLIMBING Despite Increases, Lenders Voluntarily Delaying 73 Percent of Scheduled Foreclosures Discovery Bay, CA, June 16, 2009 – ForeclosureRadar (www.foreclosureradar.com), the only website that tracks every California foreclosure, and provides daily auction updates, issued its monthly
Reporting to the President, Jamie Korus, this role will champion all aspects of Alliance’s compliance strategy and lead a department of compliance professionals. The ideal candidate will have 10+ years’ experience in non-depository mortgage banking compliance, and.
MERS wins again; this time in Pennsylvania CFPB lays pathway to compliance for lenders, servicers The Consumer Financial Protection Bureau (CFPB): The New Federal Landscape For Lenders and Servicers. CFPB’s Scope And Interplay Among Regulators The CFPB has primary enforcement authority over depository institutions (banks, thrifts and credit unions) with more than $10 billion in assets (including affiliates).
FHA to Reduce Mortgage Insurance Rates for some FHA Streamlined Refi’s March 6, 2012 by Rhonda Porter 1 Comment Today HUD announced that beginning June 11, 2012, FHA will REDUCE the cost for an FHA streamlined refinance for FHA insured mortgages that were originated prior to June 1, 2009 .
Treasury puts HAMP eligibility calculator online HAMP Loan Modifications. What was HAMP? The Home Affordable Modification Program, or HAMP, was a federal program for homeowners. HAMP programs and loan modifications assisted borrowers who were struggling to stay current with home ownership expenses and mortgage payments.. The U.S. Department of the Treasury and the U.S. Department of.
GSEs Look to Follow FHA’s Lead on Streamlined Refis – In contrast, the GSEs generally require a new appraisal on any refi, whether cash-out or a rate or term refinancing. It seems likely, although Lockhart did not specify details, that Fannie and Freddie are looking to follow the lead of the FHA in terms of making it easier for borrowers to refinance in certain situations.
GSEs Look to Follow FHA’s Lead on Streamlined Refis Posted in FHFA by NAR Staff From the Housing Wire, Fannie and Freddie are considering a change with regard to how "Streamlined Refi’s" are appraised: In particular, the GSEs are considering a plan to allow some borrowers to refinance without the use of an updated.
In a twist of fortune, it appears the GSEs are — for once — looking to follow the lead of the Federal Housing Administration, with their regulator hinting wednesday afternoon that a plan to.
Now, you must follow up with the lender on a regular basis. The old saying, “The squeaky wheel gets the grease” has never been more true than when you are working with a servicer (bank) to close a short sale. Here are a few of the questions you must be asking when following the HREU Short Sale follow up plan.
Cash-out refinances were up 68% year-over-year from the second quarter of 2014, as borrowers take advantage of still-low rates and newfound equity in their homes, according to black knight financial services.. This is the highest volume of cash-out refinancing in five.
FHA Preps Tax Credit for Down Payment Use 8. FHA approved lenders and FHA approved non-profits may purchase the tax credit. 9. Tax credit purchaser may not charge more than 2.5% of the tax credit as a fee. 10. IRS may deduct from the tax credit: unpaid student loans, tax liens and garnishments.
In its "first look" at May mortgage data published last month Black Knight. to have lower credit scores than those whose loans are purchased or guaranteed by the GSEs (Fannie Mae or Freddie Mac) or.