Monthly Archives: May 2012
New FHA Rules: Good News for a Change
There are new FHA Streamline rules coming shortly, and for once, they are beneficial to those that would like to refinance. Currently, if you do a new FHA loan, you will have mortgage insurance up-front and monthly. The up-front fee … Continue reading
FNMA Principal Writedowns Can Work – Just Not That Way
There are several proposals being floated for Fannie Mae and Freddie Mac to begin doing writedowns of mortgage principal. These would free homeowners from being underwater in their homes, and presumably, the thinking goes, reduce foreclosure risk, saving everyone money. … Continue reading
Even Your Mother Won’t Call You Back
As many of you know, I’ve been working on a book on mortgage marketing and communication for some time now. It’s finally finished (in Kindle format, anyway), and available for the enterprising and forward-thinking marketer. Even Your Mother Won’t Call … Continue reading
Myth and Reality on HARP 2.0
The latest on HARP is that the theory of the program and the actuality of it are, as in so, so many other things, not even close to one another. No LTV limit! Reality: all of our lenders have capped … Continue reading
One shoe drops on HARP 2.0…
There were two pieces of the puzzle still left on HARP 2.0 after the announcement by Fannie of how all this was going to work: would the lenders go along, and what will the underwriting software actually issue approvals for. … Continue reading
