The inventory of properties close to foreclosure has been growing. A supply of 1.7 million homes headed for sale because of foreclosure or delinquency looms over the nation’s housing market, which could dampen progress toward recovery should the Obama administration fail in its efforts to aid struggling homeowners, researchers said.
A variety of measures to keep [...]
Archive for the ‘Uncategorized’ Category
More Homes Will Hit The Market
December 28th, 2009 by Mortgage Writer
more...Fewer underwater mortgages
November 9th, 2009 by Mortgage Writer
Fewer people are underwater on their mortgages — further evidence that the real estate free-fall may be slowing.
Just 21% of all single-family homeowners owe more on their mortgage balances than their homes are worth, according to a third quarter residential real estate report from Zillow.com. That is down from 23% at the end of the [...]
Tags: borrowers, foreclosed properties, foreclosure, homeowners, inventory, loans, mortgages, real estate, short sales, The National Association of Realtors
Primer on MI Rescission; Updates from Wells, Flagstar, Freddie, PMI, FAMC; Rates Lower
November 3rd, 2009 by Mortgage Writer
Mortgage banking is a numbers game. Although the illustration above might remind some of their CFO, in other circles it might illustrate what some mortgage bankers are facing right now: MI rescissions. Rescissions are not new. But what is this chatter about MI companies and their rash of rescinding coverage? One well-informed person wrote to [...]
Tags: borrower, foreclosure, Freddie Mac, investor, lender, loan, Mortgage Bankers, REO, short sales, wells fargo
Recent mortgage compliance activity
October 30th, 2009 by Mortgage Writer
Several recent offerings aim to ease compliance with constantly changing regulations. One involves company manuals, and another involves a series of Webinars.
An announcement from the Mortgage Bankers Association’s annual conference in San Diego indicated that a dashboard feature was added to MIRACLE Online by MRG Document Technologies.
MRG said the system is browser-based for the preparation [...]
Tags: bank regulation, Community Bankers Association, customer financial, Independent Community Bankers of America, insurance, lenders, mortgage, Mortgage Bankers Association, Mortgage Disclosure Improvement, news
Orientation from Wells, BofA, DU Refi Plus, Flagstar
September 14th, 2009 by Mortgage Writer
Talk mind a pirate day” isn’t until this weekend, on the 19th, but couple desks thorough considering the suzerainty are up-to-date practicing:
“Hello, cement Desk? You discriminate that loan I locked hold two weeks ago? Well, the borrower oral that if I don’t produce a finer rate, she’s deal to tug material also one’s all elsewhere.”
Supposedly [...]
Tags: borrower, economy, loan, mortgage
Hello world!
September 8th, 2009 by Mortgage Writer
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