Archive for underwriting
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
The Emperor’s New Clothes
Do you remember the Hans Christian Anderson Tale of the Emperor’s New Clothes? It is a tale of two crafty weavers who sell the Emperor a suit spun out of a material that is completely invisible to… Read more
An Analysis Of The Proposed QRM Rules
In an attempt to correct problems encountered during the Housing Boom and later Foreclosure Crisis. the government, in its infinite wisdom, has issued for review new guidelines for mortgages. These… Read more
Loan Modification & the Comprehensive Homeowner Financial Recovery Program – The New Paradigm
In Feb 2010, I authored an article for ML-Implode titled “HAMP=Foreclosure” that was well received. The article dealt with the effectiveness of HAMP, and revealed issues with HAMP that would… Read more
