In this article I would like to have a discussion Obama’s Mortgage Loan Modification Program that is the part of the Home Stimulus Bill. The main point about this program is that it helps qualified homeowners to prevent foreclosure and stay in their homes. There is no need to mention that the economic problems in [...]
A temporary change in policy allows borrowers to use loans insured by the Federal Housing Administration to finance some properties owned less than 90 days, according to a letter from the U.S. Department of Housing and Urban Development.
Freddie Mac announced in Bulletin No. 2010-2 a revision to its single-family seller-servicer guide.
The Title/Appraisal Vendor [...]
First-quarter residential originations are forecasted by Freddie Mac to decline by $75 billion from the fourth-quarter 2009.
Two Southern California residents were sentenced in Kansas federal court, according to a news release from the U.S. Department of Justice.
They allegedly created a fraudulent service that claimed to be able to save delinquent borrowers from foreclosure.
In Delaware, the attorney general announced that Jamaar Manlove, Larry Manlove, Rhonda Manlove, Master Builders for Christ [...]
In his new book, former secretary of the U.S. Department of the Treasury Henry M. Paulson provides an account of the government’s seizure of Fannie Mae and Freddie Mac. Paulson explained President Bush’s opinion of the two firms. “He had a deep disdain for entities like Fannie and Freddie, which he saw as part of [...]
Find Out information about mortgage refinancing – Accumulating too many debts can be a trying thing indeed. It is not easy to live with innumerable loans. What would you do if you find yourself surrounded with too many debts? Avail loans to repay the existing loans? This may not work out. It may not [...]
Read important tips about mortgage – The advantage of a bad credit home refinancing loan is that it truly assists a homeowner to refinance his mortgage with more affordable payments. Although not always sporting the best deals in town for interest rates and payment periods, it helps dramatically in allowing people to keep their home [...]
During 2009, net mortgage employment increased by 8,321 jobs, based on the Mortgage Employment Index. The index reflects mortgage-related hirings and layoffs tracked by MortgageDaily.com. Last year was a vast improvement from 2008 and 2007. Looking at just the fourth quarter, 2,995 U.S. layoffs were exceeded by 5,849 mortgage hirings — leaving the fourth-quarter net [...]
Altisource Portfolio Solutions announced that it acquired The Mortgage Partnership of America. Altisource was part of Ocwen until last year. Mortgage Partnership is the manager of Lenders One Mortgage Cooperative.Read more…
Hewlett-Packard has introduced a new iPhone application, HP-12W, with the same abilities as its 12c financial calculator. DocuSign users can track and view details of documents in process, run reports and make corrections right from their iPhone. LendingTree’s iPhone App, Mortgage RateFinder, enables prospective borrowers to receive loan offers almost instantly without divulging personal information.
