FHA Loan Modifications; Proposing Real Change in the Mortgage Industry

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jeffer90576 View Your Profile Edit Your Profile Home Blogs/News Around The Web Forums Video Wiki TODAY'S HEADLINES Proposing Real Change in the Mortgage Industry (Community Commentary) FHA Borrowers Now Eligible for Loan Modification Programs (Top News) GSE's Say Mortgage Rates Rose Last Week (Top News) MBS UPDATE: Volatility and Resistance (updated 2:15pm) (MBS Commentary) Frustrating Mortgage Rates Environment. Discussing "No Points" Loan (Mortgage Rate Watch) LATEST VIDEO Foreclosures Threaten to Derail Housing Recovery U.S. Foreclosures in First Half of 2009 Up 15% From Year Earlier (Bloomberg News) Inside Look - FDIC Poised to Split Banks FDIC Bank Buyout Proposal - Interview with Wilbur Ross (Bloomberg News) In-Depth Look - Business of Bashing Banker Bonuses Executive Pay Bill Approved by House Committee, Pay Limits May Be Too Broad However (Bloomberg News) Fed Focus - Time May Be Ticking for Bernanke's Term Breaking Up the Fed - Analysis and Discussion with Amar Bhide of Harvard University (Bloomberg News) State of Foreclosures in America CNBC's Diana Olick takes a look at the state of the foreclosures in America. Call of the Wild: Do We Need Loan Mod Program? Shari Olefson, a real estate attorney, and Stephen Moore, of the Wall Street Journal editorial board, debate whether we need President Obama's loan AROUND THE WEB HUD Announces New FHA Loan Modification Program Revisiting Case-Shiller: House Prices Bottoming but Far from Stabilized Mortgage Melt-Down Investigation: Goldman Sachs and Deutsche Bank Get Served Update: Fannie and Freddie Preferred Unemployment Spreads Distress in US Home Loans WSJ: FDIC to Split Failed Banks Hoping to find Buyers The Return of Cram-Downs, Condo Reconversions and More POPULAR FORUM DISCUSSIONS STICKY: Renegotiation Policies (Knowledge Base) War Room Classics Are lower rates gone forever? Am I being ripped off? I purchased a house in SE Michigan for $265000. I have excellent credit. I just locked in a 30yr fixed VA loan at 5.25% , paying WIKI QUESTIONS AND ANSWERS Recent Questions When I did my walkthrough the shed which was behind the house was missing. The seller said that since it wasn't specifically mentioned in the P&S Hello all, I'm very nervous now. Escrow opened yesterday. The thing is, I've grew more & more suspicious of him after he has presented me numerous Anyone has any experience dealing with Real Estate Mortgage Network (www.remn.com) ? I found their rates to be quite competitive, but would like to know How do late payments on credit cards affect your credit score? What states in the U.S.A Require Attorneys for Purchase and Refinance Closings? Recent Answers What is a mortgagee? Is there a difference between a mortgage being late 60 days vs 120 days in credit score? I bought some land in NC that says it's unrestricted and would like to know what that means. Thanks. When selling farmland, let's say an 80 acre parcel, does the purchaser pay only for the tillable acres, and the nontillable are included in the price Mortgage News Daily

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Rebuttal: Mortgage Industry - You are the New Leaders

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jeffer90576 View Your Profile Edit Your Profile Home Blogs/News Around The Web Forums Video Wiki TODAY'S HEADLINES Rebuttal: Mortgage Industry in Search of Leadership (Community Commentary) MBS AFTERNOON: Bounce Fail Bounce Fail (MBS Commentary) MBS ALERT: AUCTION RESULTS (MBS Commentary) Erratic Mortgage Rates in Volatile Marketplace (Mortgage Rate Watch) MBS MORNING: Frustrating Reminder of Reality (MBS Commentary) Rising Mortgage Rates Slow Application Activity (Top News) LATEST VIDEO In-Depth Look - Treasuries Face Supply Challenge Interview and discussion with Kevin Flanagan of Morgan Stanley Smith Barney. He says we may need to see higher yield concessions going forward. (Bloomberg In-Depth Look - The Housing Picture Interview and discussion with Robert Shiller of the Yale University. He says housing rebound dependent on U.S. global economy success. (Bloomberg News El-Erian: Rally Won't Last The Dow is up nearly eight percent so far this month, but Mohamed El-Erian, one of the world's most powerful money managers, does not think the rally TALF Deals May Generate $3B In Mortgage-Back Bonds Commercial property companies may sell about $3 billion of mortgage-backed bonds in September. (Bloomberg News) Realty Check: Hope for Housing? While the S&P/Case Shiller home data is providing signs of stability, foreclosure rates are not improving, reports CNBC's Diana Olick. AROUND THE WEB Board publishes "5 Tips for Shopping for a Mortgage" Momentum on Trading Curbs Builds Shiller: Home Prices Downward Momentum Abating Feds Push Mortgage Companies to Modify More Loans Emails from Housing Hypocrites about Ethics Zell on Real Estate POPULAR FORUM DISCUSSIONS FHA Fico minimums War Room Classics I have a couple of questions about some fees on my GFE. Is it normal to pay an Origination fee of 1.0%? Is it normal to have a Commitment Fee to Investor Hi, I would appreciate if someone can help me with some advice. I was supposed to close on a house ($180k, built 2006) at the end of June but that got WIKI QUESTIONS AND ANSWERS Recent Questions I live in North Carolina and the property in question is also located in North Carolina. I know that Buyer Agent commission rebates are legal in North What states in the U.S.A Require Attorneys for Purchase and Refinance Closings? What gives more value to a home...a large master suite with large walk-in closet or having four smaller bedrooms? What is a mortgagee? My fiancee got deined by two banks because his 2008 taxes had alot of writeoffs (deductions). What should we do next about trying to obtain a loan for how can i find out if freddie mac owns my home loan Recent Answers I bought some land in NC that says it's unrestricted and would like to know what that means. Thanks. When selling farmland, let's say an 80 acre parcel, does the purchaser pay only for the tillable acres, and the nontillable are included in the price What do I need to know before buying an owner financed home? What if you won a house and needed a loan to pay the taxes on it? YOu would cleary have a great equity position and no first mortgage. But equity loans Mortgage News Daily

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Mortgage Industry In Search of Leadership

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jeffer90576 View Your Profile Edit Your Profile Home Blogs/News Around The Web Forums Video Wiki TODAY'S HEADLINES Mortgage Industry In Search of Leadership (Community Commentary) Rates Roller Coaster Ride & Discussing FHFA's HVCC Comments (Mortgage Rate Watch) MBS MORNING: Choppy Price Action in Slow Trading (MBS Commentary) New Home Sales Jump in June (Top News) The Week Ahead: Housing Data, Treasury Auctions, Q2 GDP Estimates (Top News) LATEST VIDEO Bernanke's Agenda Peter Morici, business professor of the U. of Maryland, and David Kotok, CIO of Cumberland Advisors, discuss Bernanke's recent comments regarding the Curb High-Frequency Trading? Sen. Charles Schumer, D-N.Y., has asked the SEC to curb high-frequency trading, a move that raises the question of whether computer-driven trading gives Hope in the Housing Market Investors are getting more clues about the health of the housing market, and CNBC's Diana Olick has the details. Strong Sales for New Homes New home sales rose 11 percent month to month, signaling a bottom in sales volume. The CNBC news team has the details. Avoiding Another Great Depression Federal Reserve Chairman Ben Bernanke traveled to the U.S. heartland to defend the central bank's actions and reaffirm his assessment of an improving AROUND THE WEB Economists React: Housing 'News Sounds Better Than It Looks' Five Firms Hold 80% of Derivatives Risk, Fitch Report Finds Secondary Sources: Bernanke Reappointment, Federalism, Decoupling Bernanke Live: Fed Chairman Faces PBS Viewers POPULAR FORUM DISCUSSIONS They say they will do a guarantee lock on our refinance which means if the loan averages 60 days or more our rate is guaranteed? My loan officer said he's Are all FHA loans required PMI? 7% Comission when you dont sell? Loan Scenario: TX, $212,000, 650, 96% LTV, Purchase Loan Scenario: TX, $495,000, 770, 76% LTV, Refinance (Rate and Term) WIKI QUESTIONS AND ANSWERS Recent Questions Assuming I have looked at all my options (i.e. refi, short sale, etc), what are the reprecusions from an individual tax basis when one decides to default What if you won a house and needed a loan to pay the taxes on it? YOu would cleary have a great equity position and no first mortgage. But equity loans What has more advantages on a 30 year loan, making an extra principal payment or paying the interest along with the regular payment? When selling farmland, let's say an 80 acre parcel, does the purchaser pay only for the tillable acres, and the nontillable are included in the price What do I need to know before buying an owner financed home? Recent Answers How many mortgages can one person have? Is it a good idea to modify your loan rather than refinance to cut down the closing cost? Especially if your are trying to reduce interest and lesson years What is a survey and what is the purpose? Does your mortgage company have to notify you if they no longer own your loan. Mortgage News Daily

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Existing Home Sales Advance. Concerns Over HVCC Growing.

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jeffer90576 View Your Profile Edit Your Profile Home Blogs/News Around The Web Forums Video Wiki TODAY'S HEADLINES Existing Home Sales Advance. Concerns Over HVCC Growing (Top News) MBS AFTERNOON: Illustrating the Snowballing (MBS Commentary) Freddie Mac Weekly Summary: Slight Increases in Mortgage Rates (Top News) Mixed Markets Move Mortgage Rates Higher (Mortgage Rate Watch) LATEST VIDEO Housing Outlook - No Recovery if Credit Still Tightens Existing Home Sales Rise for Third Straight Month - Analysis and Discussion with Chris Mayer of Columbia Business School (Bloomberg News) A Jobless Recovery? Insight on employment, realty and the economy, with Michelle Girard, RBS Global Banking & Markets; Jeff Krumpelman, Hilliard Lyons Capital Management; No Green Shoots for Small Biz Discussing the small biz cash crunch, with Todd McCracken, president & CEO of the National Small Business Association, and CNBC's Mark Haines. Former Citi Chief On Regulation Insight on regulation, compensation and the rating agencies, with Sallie Krawcheck, former Citi Wealth Management CEO and CNBC's Joe Kernen. In-Depth Look - The Danger Of Heeding Bernanke Interview and discussion with Keith McCullough of the Research Edge. He says inflation will accelerate in the fourth quarter. (Bloomberg News) New Rules For Mortgage Brokers Fed announce propose rules for mortgage lenders. (Bloomberg News) AROUND THE WEB Federal Reserve proposes significant changes to Regulation Z (Truth in Lending) intended to improve the disclosures consumers receive in connection with closed-end mortgages and home-equity lines of credit Bernanke: CRE May Pose Risk Output Gap Measurement and Prospects in the Wake of the Crisis Fed Chair Says Foreclosures Could Still Rise Survey: Most Banks Tighten Lending Standards POPULAR FORUM DISCUSSIONS With rates seeming to drop to a point where it makes sense to refinance, I have a couple of questions about the VA IRRRL loan and hope someone in the community Loan Scenario: TX, $189,000, 750, 100% LTV, Purchase Red Flag Compliance? What's this now? Loan Scenario: WI, $172,720, 688, 75% LTV, Purchase WIKI QUESTIONS AND ANSWERS Recent Questions my house is up for sale & we want to buy a site and build , do we have to pay off the mortgage first or can we transfer it to the new property ? Our loan officer is telling us that our FHA is considered a jumbo? The adjusted high limit for our area is 523,750. Does this mean if we purchase a home Are there any lenders helping people with low credit scores? I have 2 investment properties with high rates, have equity in both, one has about $80K in I've been reading the blog and forums the past few weeks, wealth of information. Love it. We went in this afternoon to get a refinance application Hi everyone, First I would like to say that this site has been a great help and a terrific education towards making appropriate mortgage decisions. That Can closing costs be financed into an FHA loan, or do they absolutely have to be paid at the time of closing? Or does this vary by lender? How many mortgages can one person have? How many mortgages are there in the US? Recent Answers What is a survey and what is the purpose? Does your mortgage company have to notify you if they no longer own your loan. Do I need a contract to lock in a rate? What do you do first when you have decided to default, and leave the home? What is the procedure in making a offer on property that is in short sale? My parents would like for me to have their family home, how do they go about transfering the home into my name? Mortgage News Daily

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