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Topic: Lenders
With this new law, consumers will have the strong and reliable protections they deserve. We will continue to press for reform that is built on transparency, accountability, and mutual responsibility
“Somehow, we just missed, you know, that home prices don’t go up forever,” testified James Dimon, chief executive of J.P. Morgan Chase. Mr. Dimon seems to have forgotten the lessons of the Japanese real estate and stock bubble of the 1980s, which crashed twenty years ago this month when Dimon was a mere youth of 33.
By Paul M. J. Suchecki
Tags: bank bailout, Consumer Financial Protection Agency, financial crisis, ...
No CommentsThe hearings are similar to the Pecorra investigations for the US Senate in the 1930’s that dug out the reasons behind the 1929 stock market crash and led to financial reform.
As of January 1st, 2010 Streamline will require income verification, a full appraisal, and income verification. This past week, the FHA announced that it intends to seek Congressional approval for a set of changes in its requirements for new mortgages:
The FDIC has been busy this year, seizing 95 banks, a substantial increase from the 25 banks taken over last year. Only 3 failed in 2007.
This guarantee allows for greater loan flexibility and less of a cash investment a borrower’s part compared to a traditional home loan. The FHA is the largest mortgage insurer in the world,
When it’s time to find help with your mortgage, start by calling your servicer directly or a firm it has hired to deal with the public. You should not have to pay anything up front to get assistance.
By Paul M. J. SucheckiTags: foreclosure prevention, Loan Modification, mortgage reform, Obama...2 CommentsSince the program’s inception in March, the Obama Program has modified only 200,000 while more than a million homeowners received default notices in the first half of the year.
By Paul M. J. SucheckiTags: Add new tag, foreclosure prevention, homeowner help, mortgage advice...1 CommentIf you can no longer make even modified mortgage payments, it’s time to consider transferring your deed to your lender in lieu of foreclosure.
By Paul M. J. SucheckiTags: Falling Home Value, first time home buyer credit, home purchase, mortgage...No CommentsIt’s starting to look like a good time to buy a home. Last week, according to the Mortgage Banker’s Association, US mortgage applications lifted from a seven month low. Existing home sales rose by 9.2% in May compared to April. It was the first back-to-back monthly increase since September 2005, before the mortgage crisis hit.
It’s [...]
mortgage fraud reverse mortgage personal finance Deficiency Judgment Default Nationwide Mortgage Licensing System credit cards Short-Fi Jumbo Loan second mortgage Loan Default Short Sale bankruptcy Loss Mitigation Conforming Loan Uncategorized mortgage first time home buyer tax credit Loan to Value Real Life Stories unemployment Upside Down Obama Financial Reform Obama Housing Plan Refinance Falling Home Value Lenders home value Mortgage Revision Credit economic news Loan Modification Foreclosure Help
August 24, 2009 4 Responses
Who Will Answer the Phone? By Paul M. J. Suchecki
Comment by Jastnartest: "really great..."
December 30, 2009 11 Responses
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Comment by rickyk4: "Hi everyone, I..."
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Comment by pharmacy technician: "nice post...."
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Foreclosure Lease Back Option By Paul M. J. Suchecki
Comment by max: "Your torque is..."
