|
I found a pretty good article that gives buyers tips to stopping foreclosure. This sort of information can’t be spread around wide enough or fast enough. Too many people are losing their homes. Mortgage and home loan help is available and theres practically nothing more aggravating and more heart breaking than the thought of losing your [...] One of my clients and good friends sent me a link to an article that sums up the debacle pretty well. It sounds like most clients now know where to send their payments. There has been some issues related to escrow accounts not paying taxes or insurance. There have also been issues where borrowers received escrow [...] In the coming weeks, I’ll find more details on what criteria HUD (Departmeng of Housing and Urban Development) is looking for. The announcement came at the end of last month. Here is a link to HUD’s announcment. HUD regulates and writes the rules and regulations for FHA loans. UPDATE Taylor Bean and Whitaker has posted a new link that searches for your new servicer by entering your Taylor Bean and Whitaker loan number. You can find this page by clicking here. This has been a question I’ve been receiving more lately. Calling Taylor Bean and Whitaker’s exit from the mortgage industry “Ungracious” would be the understatement [...] Ginnie Mae president Joseph Murin resigns after only being in office for 13 months. This comes only a week after FHA Agency Director, James Lockhart, resigned a week earlier. Maybe I’m too much of a conspiracy theory advocate, but it seems strange that this all happens immediately after the closing of the 3rd largest FHA lender, Taylor [...] UPDATE: IF YOU’RE LOOKING WHERE TO SEND YOUR TAYLOR BEAN AND WHITAKER PAYMENTS TO, PLEASE FOLLOW THIS LINK FOR INSTRUCTIONS. The mortgage industry was stunned with terrible news on Wednesday, August 5th. Taylor Bean and Whitaker, the 3rd largest FHA lender in the nation (only behind Bank of America and Wells Fargo) was suddenly closed. When most large [...] I published my second blog entry on Zillow Mortgages Unzipped. In this entry, I covered what the new Mortgage Disclosure Act changes can affect consumers. Here is an excerpt: The MDIA (Mortgage Disclosure Improvement Act) is a brand-new regulation that is on the minds of all mortgage professionals, but what does it mean to consumers? Below are [...] UPDATE I received word that the Northwest Multiple Listing Service (NMLS) contract now includes an addendum that protects borrowers in regards to the MDIA laws. According to a source, the new NMLS contracts will include an addendum that states the seller will automatically extend the closing date if the extension is needed only to fulfill MDIA [...] I received some information today that I found very disheartening. The HARP (Home Affordable Refinance Program) is a program designed to help homeowners either modify the terms of their loan or refinance with new programs designed to help homeowners who have good credit and payment but lack the equity needed for a traditional refinance. Here is an excerpt from my first Zillow blog entry: Are you condo owner or prospective condo buyer? Then you need to pay attention to some recent changes HUD (Department of Urban Housing and Development) is making that affects condominiums. In the past, you only needed to satisfy one of the following two criteria’s to finance a condo [...] |
 |
|
Copyright © 2010 Keane Loans - All Rights Reserved |
|