Update on Mortgage Debt Forgiveness: January 2013
As part of the “Fiscal Cliff” deal, congress gave a one-year reprieve to homeowners that are underwater by waiving taxes on forgiven mortgage debt. We are now waiting on the …
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2013 FHA Loan Limits for Los Angeles MSA
Use this link to verify FHA Loan Limits for Los Angeles MSA on HUD website at any time: HUD page to check loan limits by county
Loan Seasoning Requirements for FHA Streamlines
Did you have a recent FHA loan and want to know if you are eligible for streamline into a lower rate? Here are some guidelines you need to take into …
Mortgage Brokers: Don’t waste your time with Greenlight Wholesale
(This is just my factual experience with them, others experiences may differ) Sent broker application in August 2012, spent weeks/months following up with broker approval department and 2 different reps. …
The Pefect Loan File
Great article on Forbes about the Perfect Loan File. I like this article because it does a good job of explaining the rationale behind the ardous underwriting hoops loan companies …
? about Loan Modication Fraud and Re-defaulting rates
Question: If so much of the economic losses in the mortgage industry were from unscrupulous brokers submitting false documentation how come there is such a high re-delinquency rate on loan …