Archive for Featured Post
Breaking News: Lloyd’s Bailing on Embattled Allied Home Mortgage
By now, most of our readers and many in the mortgage industry know that we have the largest federal false claims action in the U.S., HUD’s $2.4 billion case against Allied Home Mortgage and CEO Jim… Read more
Mortgage Rule Updates: What’s “Trending” Now!
The term “trending” is making its way to mainstream media—but it seems that it also applies to the new mortgage rules. It’s hot for a while—until they are updated again. And you’ll find… Read more
Are the Freddie HARP Rumors True?
You may have been hearing (also experiencing) a substantial amount of turn downs on HARP loans using LP and Open Access. I have had personal experience with this in trying to refi my rental… Read more
Most Lead-Gen Mortgage Firms Sell Themselves Short
One of my favorite lines from the movie Caddyshack was when Judge Smailes bragged about his golf game. “You should play with Dr. Beeper and myself. He’s been club champion three years… Read more
Bernanke Successfully Re-Inflating Housing, Unbeknownst To Shiller
Adapted from the Wall Street Examiner. There were two major housing data releases today. One of them is important. The other was a misleading misdirection play, as it usually is. Due to its… Read more
2 Whistleblowers Reap Millions in Mortgage Fraud Suit
Whistleblowers are the new American heroes. Most fraudsters get caught because someone gets fed up and turns them in. Some people are motivated by the large cash awards paid by the government, others… Read more
Builder Indexes Down In April, But Trend Is Still Up
The dark and dirty job of pointing out that the NAHB Housing Market Index present conditions index is up 11 points versus last April and traffic is up 5 points falls to me, I guess. The mainstream… Read more
Principal Reductions and Loan Modification without Hardship Requirements
Mr. DeMarco, who is the head of the FHFA and is a Republican, sees such a large moral danger in people cheating by going late on their mortgage to get a principal reduction and applying for a loan… Read more
FHA TOTAL Scorecard Class: 8 Hidden Deal Killers
Let’s face it! An “approve” decision from your FHA AUS does not necessarily mean that you are “home free”! So, we’ve found 8 hidden deal killers that will turn your “automatic approval” into… Read more
Lenders Eager for AEs….But Are They Ready for the Loans?
I think we can all agree that wholesale lending is showing some promising signs of recovery. Everywhere you look lenders are hiring AE’s. And not just in the high value, densely populated areas… Read more
