Tag Archive
How to Check Government Loans for HARP
With the new HARP 2.0 many borrowers are uncertain about government loans and how to determine if they have a government backed loan which are Fannie Mae or Freddie Mac. If your mortgage is owned by Fannie Mae or Freddie Mac, you may be eligible for a Home Affordable Refinance to take advantage of lower interest rates. Your [...]
Satisfied Clients Loan Modifications Approved
Getting one home loan modification approved is hard enough, the process magnifies when multiple loans are submitted for loan modifications. The loan modification package submission is accompanied by an RMA (Request for Modification Application) which includes financials used to substantiate whether or not the loan modification meets lender guidelines. The loan modification analysis we conduct [...]
Lenders Error in Processing Loan Modification
Loan modifications are a tedious process with possibility for error at every turn and the truth is lenders lake mistakes modifying loans. Homeowners and investors are advised to interview trustworthy loan modification companies and utilize the skills of a reputable third party representative and here’s why. One of our clients received an approval for modification, [...]
Schedule for Lost Propety Values ~ Community Workshops
We are on the process of firming up dates, times and locations. Please contact us to receive the schedule when it’s complete.
Tides are Turning Modifications Become More Desirable
Finally the lending industry is realizing loan modifications are truly the better solution to help borrowers keep their properties. Its often been said that it’s in the banks best interest to foreclose, maybe that was true back in the day but in this real estate nightmare it doesn’t seem to be the case. One article [...]
Letter to Vikram Pandit, CEO Citigroup
My thought is, start appealing to the top brass with hope it will have a trickle down effect. Following is just one of the letters I have emailed to the CEO of big boy lenders: Dear Mr Pandit, I read the article on Housing Wire and was delighted to see that Citigroup is paving the [...]
Mortgage Modifications ‘Insignificant’ to Credit Scores: VantageScore
Restructuring plans on a mortgage, whether in the form a forbearance, modification or short sale, have a relatively insignificant effect on the consumer’s credit score, said Sarah Davies, vice president of VantageScore, at the Loan Modifications Conference now underway in Dallas, Texas. VantageScore measures the generic consumer’s credit score and his or her likelihood of [...]
Agi Anderson, CDPE, compiled changes made to Make Affordable HARP refinancing program, October 2011 ~ to see if you qualify, just enter your name and email to request HARP guidelines. (make sure to check spam for email confirmation)
