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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 peculiar...
View ArticleBank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out...
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 name...
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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 running… and I’m...
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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 property...
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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 a ton of...
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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...
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The “Nine Lives” Of Allied Home Mortgage – HUD Goes For Kill Shot
Folk legend says cats have 9 lives. People don’t. Anyone following the storied career of Jim Hodge and Allied / AllQuestHome Mortgage might feel otherwise. We are confident, however, that the game is...
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WANTED: AHMSI American Home Mortgage Servicing Permanent Loan Modifications...
- Southlake, Texas. If you are a borrower who has received a completed loan modification with American Home Mortgage Servicing commonly referred to as AHMSI formerly found at www.ahmsi3.com and now...
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Speed-Reading the Mortgage Rules – July 2012 Updates!
The big news this month is the rescission of Mortgagee letter 2012-3—where FHA says they will no longer enforce the rules for collection accounts. However, the disputed account section of the rule is...
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Hey, Where Did Everybody Go?
Has anybody else noticed the number of job postings in the mortgage sector lately? And that they seem to linger for weeks and months on end? I am not surprised at all…in fact I have been warning for...
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