Loans Not Funded

I got a question about "what does it mean if my loan is not funded after right of rescission? ... insurance. Every once in a while, a good loan officer will get a subordination moved to prior to funding ... back with a score that no longer qualifies under that program. These are not the loan officer's [more...]

Date: 2008-12-26 14:57:46

Blog posts (8) | Videos (5)
 

Laying Out Student Loan Options for CBO

Around this time of year our friends at the Congressional Budget Office (CBO) ... Grants As we have said previously, the role student loan guaranty agencies play in the Federal Family Education Loan (FFEL) program is anachronistic, inefficient, ill-defined and riddled [more...]

Date: 2008-10-30 15:41:49

Sen.-Elect Tom Udall Opens Three Offices to Serve New Mexicans

Constituent services are important for every member of Congress and U.S ... with include: Veterans: Problems with veterans' benefits, eligibility determinations, VA home loans ... checks. Housing: Problems arising with housing vouchers, federal loan programs and HUD. Immigration [more...]

Date: 2009-01-05 22:42:13

Foreclosure Activity Increases 81 Percent in 2008 According To RealtyTrac U.S. Foreclosure Market Report

Nearly 3.2 Million Foreclosure Filings on More Than 2.3 Million Properties Reported RealtyTrac(R) (www.realtytrac.com) ... appears to have worn off by December,” said James J. Saccacio, chief executive officer of RealtyTrac. “ ... by both Freddie Mac and Fannie Mae, along with programs from some of the major lenders and loan [more...]

Date: 2009-01-15 07:45:00

2008 Foreclosures Jump 81, Dimon Sees Loan Demand Fall

From Realty Trac.... RealtyTrac®, the leading online marketplace for foreclosure properties, today released its 2008 U.S ... appears to have worn off by December,” said James J. Saccacio, chief executive officer of RealtyTrac ... by both Freddie Mac and Fannie Mae, along with programs from some of the major lenders and loan [more...]

Date: 2009-01-15 13:20:00

Foreclosures Up 81% in 2008

Will we ever get any good economic news?RealtyTrac, an online marketplace for foreclosure properties, found that a total of 3 ... , chief executive officer of RealtyTrac, in a press release. "The big jump in December foreclosure ... with programs from some of the major lenders and loan servicers aimed at delaying foreclosure actions [more...]

Date: 2009-01-16 00:56:39

Racing the Clock on DPA Programs: Will The Dems Save the Day?

I had some fun, yesterday, with a report about the down payment assistance ban and the First-Time Homebuyer Tax Credit ... that the Tax Credit might be collateral for a “tax refund loan”, thereby, facilitating the need ... .  I queried some senior bank credit officers about this.  What I discovered is that those defaults [more...]

Date: 2008-08-28 04:26:04

The Challenge Is Prices Got Stupid

The Daily Astorian reports from Oregon. “An increasing number of homeowners in Clatsop County are falling behind on their mortgage payments and ... Joe Schulte, VP of Compass Community Bank in Seaside, said subprime loan programs were available ... as the loan criteria change each day. ‘Loan officers have to be ahead of the curve,’ he said. ‘There’ [more...]

Date: 2008-10-07 17:26:52

8 Results