Archive for mortgage industry
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
Bank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out In Error due to ‘System’ Mistake
Letters have been going out erroneously to borrowers with Bank of America letterhead stating the following: Bank of America, N.A. 5401 N Beach St TX2-977-01-34 Forth Worth, TX 76137 borrower… 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
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
Mortgage Women – You’re invited to a ‘Stiletto Strategies’ party!
Ladies–you’re invited to a party—and I’ll bet you that THIS party is unlike any that you ever attended! It’s a learning party where every single woman will bring a “gift” –the… Read more
HARP 2.0 Refinance – “Responsible” Homeowners Get Their Reward
In November 2011 the Obama administration announced an overhaul on the Home Affordable Refinance Program (HARP). Much needed and anticipated, HARP Refinance 2.0 stands to provide relief to a LOT… Read more
Net Branches – Recipe for Mortgage Fraud
Mortgage net branches – they are everywhere. If set up properly they help people get into the mortgage business with low start up costs. The benefits include access to a national network, more… Read more
