Tuesday, July 5, 2011

Must Read SAFE Act Implementation Update

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Jul 4, 2011 1:43PM

Must Read SAFE Act Implementation Update

On this day in 1776, the Declaration of Independence was approved by the Continental Congress. Who has time to read a darned commentary on mortgages when there are parades, fireworks, and backyard barbecues across the country? According to the Census Bureau, who has the budget to tabulate us, there are 312 million living in the US today - compared to 2.5 million 235 years ago. I am not going to go on a rant about our nation and offshore jobs, but there are some jobs that can be done overseas (airline...

Jul 5, 2011 12:46PM

Servicers Speed Up HAMP Conversions. More to Become Eligible

The June edition of the Obama Administration's Housing Scorecard released on Friday showed that housing prices turned slightly upward while mortgage defaults continued to fall as have the numbers of completed foreclosures and short sales. However, the aggregate equity of American homeowners also declined. According to the Scorecard, a joint report by the Departments of Housing and Urban Development (HUD) and Treasury, in May, 4.3 percent of prime mortgages were at least 30 days late - a significant...


Micro News

4:18 PM:

Another Light Day of Econ Data Ahead

3:48 PM:

Bank of America $8.5 bln Mortgage Pact Challenged

3:39 PM:

First Day of the Week Hits Symbolically Equivocal Levels

2:29 PM:

Moody's Cuts Portugal's Credit Rating to Junk Status

1:20 PM:

MBS Holding Firmly to Today's Narrow Range

12:14 PM:

Stock Lever Pressures Bonds Slightly Lower.

10:58 AM:

Rate Threat: The Debt Ceiling Debate

10:18 AM:

Fewer Consumer Bankruptcies in First Half of 2011

Around the Web

Video News

Phoenix Home Sales Hit 6-Yr High

The Great Jobs Mismatch

Yellowstone River Cleanup


Today's Comments

Joshua Hager

"Option #1 is the most comprehensive and the best choice to start using. To me it resembles what an old HUD-1 looked like at least with the line descriptions..."

David Houston

"Why can't we give the customers a complete breakdown of their monthly payment, including taxes and insurance. We also need to total this for them...."

David Houston

"ALSO...PLEASE add a signature and date line to the GFE so that there is proof that the borrower received and reviewed the GFE. I could not believe it when..."

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

Anonymous

"I have excellent credit rating/score/history but low income,..."

Anonymous

"I stopped paying my mortgage for 9 months but it has been a year..."

Today's Forum Discussions

Romano

"Anyone know of a lender that can do vacant land loan in WI?"

Brent Harless

"We are about to buy a freddie mac foreclosure property and have to go FHA for our loan because of DTI issues (must use only wifes income, I and self employed..."