Posts Tagged "CFPB"

Thoughts on Recent CFPB Consent Order; Changes in Credit Trends; RBS Exits

on Nov 14, 2014 in HARP Refinance | Comments Off on Thoughts on Recent CFPB Consent Order; Changes in Credit Trends; RBS Exits

Thoughts on Recent CFPB Consent Order; Changes in Credit Trends; RBS Exits … Beginning Tuesday October 14, try find 2014, generic choose Radian or Essent and the MI plan for all new submissions in the New Loan Submission form, which will be updated to include MI company options. … Citadel Servicing reminded the industry that it is a Non Prime … For more informaiton please visit here… Canadians have more paperwork to get US mortgage Compass offers a foreign-national mortgage program in which applicants can secure loans of up to $ 1 million to purchase and/or refinance U.S. homes in the U.S. The program, which is available at fixed and adjustable rates, requires a 25 percent down … If you would like more informaiton please visit here… Thoughts on Recent CFPB Consent Order; Changes in Credit Trends; RBS Exits...

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CFPB & AMCs; Lots of Lender Updates; New Non-QM Investor;…

on Jun 11, 2014 in HARP Refinance | Comments Off on CFPB & AMCs; Lots of Lender Updates; New Non-QM Investor;…

CFPB & AMCs; Lots of Lender Updates; New Non-QM Investor;… Lenders need to be able to rely on vendors (such as FACTintel) to provide specialized fraud detection services, sick information pills manage risks associated with the loan application process, drugs be knowledgeable about compliance for vendor vetting, help provide background data … If you would like more informaiton please visit here… Lawyers Are Now The Driving Force Behind Mortgage Scams The schemes exploit the needs of untold thousands of people who have tried to refinance their mortgage under a government-sponsored program like the Home Affordable Refinance Program (HARP), only to be met with endless and costly frustrations … If you would like more informaiton please visit here… Summers Admits to Mistakes in Handling of Housing Crisis “It did not seem unreasonable to worry at the time that if government forced the write-off of a trillion dollars of mortgage debt, flows of not only mortgage debt but also car loans and credit card debt to consumers would be inhibited as well,” Summers … For more informaiton please visit here… CFPB & AMCs; Lots of Lender Updates; New Non-QM...

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Chicago Eminent Domain Update; "When" Not "If" for Buybacks; CFPB Servicing

on Sep 2, 2012 in HARP Refinance | 2 comments

Chicago Eminent Domain Update; "When" Not "If" for Buybacks; CFPB Servicing … Flagstar has issued additional guidance following its earlier announcement that any FHA Streamline refinances registered on or after July 6th where Flagstar wasn't the original loan's servicer would be subject to a requirement of a FICO score of at … If you would like more informaiton please visit here… Chicago Eminent Domain Update; "When" Not "If" for Buybacks; CFPB Servicing...

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Builder Market Share; CFPB Jobs Pay How Much? Eminent Domain Setback

on Aug 26, 2012 in HARP Refinance | 2 comments

Verify out these chateau images: Château sur orage Image by jfgornet Château de la Bussière (Loiret) A lot more great houses click right here… Question by PhoenixJim: What lenders do an FHA mortgage with less than 3 years foreclosure seasoning given extenuating circumstances? The HUD handbook says it can be done, information pills but every lender I have talked to says they have never seen it done. Also, sick please don’t reply back with a rude remark about how people with a foreclosure never deserve to buy again, etc. Best answer: Answer by loanmasteroneAs I understand your question is you had a foreclosure about 3 years ago and now want to purchase a new home underwritten by FHA mortgage. All the mortgage brokers so far are telling you this is not done, yet the HUD handbook say it can be done. You need to find a mortgage broker that do FHA loans that understand the nuances of doing a FHA backed mortgage loan with a previous foreclosure or call a local HUD office to get an interpretation of the HUD pamphlet or a list of local mortgage loan officers that understand the meaning of the pamphlet. Normally, after 3 years and with a strong letter of explanation as to why you had a foreclosure, you could apply for a mortgage loan. Of course with the pamphlet indicating you might apply, you- must still qualify with the proper credit scores, rebuilt credit and a minimum of three credit trade lines on your credit report. You should make sure you meet the minimum qualifications prior to applying for a mortgage loan. I hope this has been of some benefit to you, good luck. “FIGHT ON” Add your own answer in the comments! AUSTRALIAN DEMOCRATS : How Many Low Doc Loans Are Unethical? – 24/08 … "The evidence put before the Senate inquiry by Denise Brailey of the Banking and Finance Consumers Support Association is damning. She asserts widespread fraud in low-doc and no-doc loan applications render them misleading and unconscionable. If you would like more informaiton please visit here… RBA exposes low-doc loans risk The Sydney conference was also told there may be a case for greater use of hard limits on lending. Low-doc loans and "no-doc" loans involve lenders requiring little or no evidence of a borrower's ability to make repayments, pharm and generally carry higher … If you would like more informaiton please visit here… ASIC says no to low-doc loan inquiry THE corporate regulator has refused to investigate a claim of alleged low-doc loan fraud despite one of the nation's top forensic handwriting experts saying there is "no evidence" the documents in question are legitimate. Businessman Gary White applied … If you would like more informaiton please visit here… Question by Anon Speaker: FHA mortgage loans & limits? We are looking into buying a new house in the mid-$ 400k’s before we sell our current home, viagra buy but this means that we would need a larger loan and that we would have less cash available up front for closing costs and downpayment. Buying before we sell our home means that after all the closing costs, story we would only have 3.5% – 4.5% as a down payment. I don’t want to give my state/city-county because that is too much personal information for a Q&A site, but I already checked and the HUD website’s FHA loan limits in the area where we would buy the new house are: FHA Forward $ 271,050 ($ 280,000) —AND— Fannie/Freddie $ 417,000. Depending on the offer that is accepted, we’d need to...

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