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Avatar Posted by Mortgages 166 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Income Express Products have been eliminated, a bulletin from Chase Correspondent Lending said Monday. For all agency and non-agency loans, employees of family-owned businesses are now required to provide two years' signed personal tax returns -- even if they are not self employed. In the area of credit, Chase will require a verification of mortgage for all borrowers regardless of credit score. Among revisions to policies on secured properties, Chase has extended the minimum time elapsed since read more »
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Avatar Posted by Mortgages 166 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Freddie Mac issued a bulletin to its approved sellers and servicers this week. One of the changes outlined in the notice was a requirement to provide the amount and source of the subordinate financing on loans purchased by the secondary lender. Freddie also updated forms to reflect changes to laws in various states. read more »
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Avatar Posted by Mortgages 166 days ago (http://www.mortgagedaily.com)
Category: Mortgages
The Massachusetts attorney general has settled with 10 mortgage lenders and servicers in a foreclosure rescue scam. The case involves foreclosure rescue transactions arranged by an attorney who allegedly preyed on delinquent borrowers. He convinced them to sign over their homes -- promising they could remain in their properties and repurchase the homes using new financing if they made monthly payments to him. But after borrowers were unable to make payments, he would evict them and strip their read more »
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Avatar Posted by Mortgages 166 days ago (http://moneymergeforum.com)
Category: Mortgage Lenders
Economy struggles with rising prices, slow growth



Dodd Comments On Mortgage Deals



Goldman Sachs 2Q earns fall but beats expectations



Summaries of House financial disclosure



Lehman Brothers posts $2.87 billion 2Q loss



Mortgage disclosure changes spark ire read more »
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Avatar Posted by admin 166 days ago (http://www.foreclosuredataonline.com)
Category: Mortgage Foreclosures | Tags: Foreclosures
As the legal proceeding are more than double in county. In the Riverside County, a real estate tracking firm said in Friday that, the number of legal proceeding fillings in the previous month was nearly double than the number of legal proceeding fillings from a year past.

During the month of May, in the Riverside County [...] read more »
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Avatar Posted by Mortgages 166 days ago (http://ep.bankrate.com)
Category: Mortgage Advice
When viewing a credit report online, it's best to print out a copy for safekeeping, says Dr. Don Taylor. read more »
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Avatar Posted by Mortgages 166 days ago (http://ep.bankrate.com)
Category: Mortgage Advice
In bankruptcy, couple can probably say so long to debt on a repossessed vehicle, says the Bankruptcy Adviser. read more »
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Avatar Posted by Mortgages 167 days ago (http://www.mortgagedaily.com)
Category: Mortgages
Servicer members of the HOPE NOW alliance have agreed to a new set of procedures and guidelines that establish a common, streamlined timetable for dealing with delinquent borrowers, according to an announcement today. The agreement, however, is not enforceable. Among four new areas HOPE NOW servicers agree to help borrowers in is an establishment of a uniform, streamlined timetable for action by each mortgage servicer. Another provision of the agreement deals with short sales and second liens, read more »
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Avatar Posted by Mortgages 167 days ago (http://moneymergeforum.com)
Category: Mortgage Lenders
NAHB Green Building Legislation Offers Incentives to Lenders



Two Senators Appear to be "Friends of Countrywide"



U.S. Housing Starts and Building Permits Decline in May



U.S. Builder Confidence Matches Historic Low at 18



U.S. Housing Market Bottom Not Yet in Sight, Say Economists



The Fed Won't Hike at Upcoming Meeting, WSJ and FT Say read more »
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