Appraisal Fraud and Industry Standards Described in 2003 Official White Paper-RED FLAGS DESCRIBED IN DETAIL WITH EXCELLENT DIAGRAMS EXPLANATIONS AND DESCRIPTIONS OF BEST PRACTICES

loan_origination_mortgage_fraud_ffiecloan_origination_mortgage_fraud_prevention_response_nelsonRed Flags • Critical loan processing activities, ... the FI’s review of insurance coverage. √ Establish procedures to ensure the bonding company is notified [more...]

Date: 2009-01-09 15:33:10

Blog posts (8) | Videos (16)
 

Should ‘New’ Virtual Assistants Charge Less?

First, I’ve gotten brave and attempted a second podcast with this post. You’ll find the link below ... over 7 years of experience with me to my new business in 2007.  That experience included mortgage loan processing, accounts administrator, sales assistant, title processor and real estate paralegal [more...]

Date: 2009-01-15 21:59:50

Stopping Home Foreclosure

A Foreclosure Prevention Service has numerous ways it can help you deal with the foreclosure process ... when homeowner makes satisfactory arrangements to bring the overdue mortgage payments current. Loan ... time. Mortgage Refinancing: In most cases, once foreclosure has started, homeowner [more...]

Date: 2009-01-15 04:37:09

By Saying Yes, WaMu Built Empire on Shaky Loans

As a supervisor at a Washington Mutual mortgage processing center, John D. Parsons was accustomed to seeing baby sitters claiming salaries worthy of college presidents, and schoolteachers with incomes rivaling stockbrokers’. He rarely questioned them. A real estate frenzy was under way and WaMu, as his bank was known, was all about saying yes. [more...]

Date: 2008-12-28 04:44:56

Mortgage Refinance Loans Tips

by John Bear If you are already in the process of refinancing your home mortgage loan, ... and tolerance for risk. Here are several tips to help you select the right type for mortgage [more...]

Date: 2009-01-15 20:04:46

Reasons to Refinance Your Mortgage

Image courtesy of Notionscapital.comThe rates on a 30 year home loan have recently fallen to record lows; and will possibly fall even further ... account or help you pay off your credit card debt a lot faster.Low Cost. If you are one of those ... the process to refinance their loan.Even though the current rate may be lower than what you are paying [more...]

Date: 2008-12-29 11:15:00

FHA Mortgage Insurance Fund Down 40%

Mortgage Law Central reports today on FHA’s Oversight Capability.  The House Committee on Financial Services held a hearing to look into the recent Business Week story alleging that predatory lenders are alive and well originating FHA loans. The committee listened to testimony from HUD on the approval process for FHA lenders, [more...]

Date: 2009-01-14 22:30:06

N.J. man learns modifying mortgage to cut payments may impair credit rating

by Moe Bedard on September 29, 2009 · 0 commentsin American Nightmare To confuse consumers even more, not all lenders follow the guidelines.That may change on November 1, when lenders can use a new code to report them as a “loan modification under government program.” The code will clarify which borrowers have taken modifications, but because the modification process itself is not streamlined, it won’t be the only worm squiggling out of the can.The bigger impact on credit scores may depend on how [more...]

Date: 2009-09-29 13:48:05

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