Fannie also defined “extenuating circumstances” (SEL 2010-05)and said if people fall under this category, that it’s 2 years and 10% down payment. more info www.MortgageCurrentcy.com
See the article here:
Fannie Updates Qualifying Rules -Pre-Foreclosure
- Still Getting It Wrong–Reg Z Advertising Rules
I’m still watching TV commercials, listening to radio ads, and getting direct mail–where mortgage companies are NOT following the Reg Z Rules. We need to level the Playing Field and if you notice a company not following these rules, then you need to call them–or report them–because we all need to play by the same.. - Fannie Cracks Down On Foreclosure Redemptions SEL 2010-07
In case you missed it, this was a big deal on TBWS Daily the other day. Here is the skinny – I’ll start at the end – the foreclosure is not complete until the redemption is over. In other words, the bank does not take possession or “own” the property until after the redemption period—because .. - Do The Mortgage Rule Updates Want to Make your Brain Explode? More HARP
If This Just Doesn’t Want to Make Your Brain Explode… By: Karen Deis, Publisher, MortgageCurrentcy.com Can you guess how many rule updates affected JUST the origination side of the business from January 1st to December 31st, 2011? Just guess! Ok, I’ll tell you—it’s 259, or an average of 21 rule updates per month. To get .. - Vets Have Options When Facing Foreclosure
The government wants to keep those who served from losing their homes. VA loans already have the lowest foreclosure rate of any loan product going, according to the Department of Veterans Affairs. The agency has an array of avenues for veterans and active duty military to consider when facing the prospect of losing their home. .. - Welcome to the Consolidate Debt Help Center
Hello everyone, and welcome to the Consolidate Debt Help Center. Our goal is to provide visitors with free information, resources and various helpful articles to assist with consolidating debt in order to gain control over your finances. Due to the bad state of the economy, more and more people are becoming a “victim” to mounting debt..