Latest Mortgage Industry News

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AARP sues HUD over Reverse Mortgage policy
In 2008, HUD redefined the word "non-recourse", revising the way Reverse Mortgages have worked since 1989. The change has been painful to some Homeowners ...
Shared by Raymond - 9 months, 4 weeks, 1 day, 14 hours, 23 minutes, 59 seconds ago
116 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Lawmaker expects mortgage aid program to end
Republican lawmaker, Darrell Issa expects that widely criticized Obama mortgage aid program designed to help struggling borrowers stay in their homes should be ended. According ...
Shared by Adonis - 1 year, 2 months, 2 days, 16 hours, 9 minutes, 49 seconds ago
182 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Maine homeowners to get foreclosure relief in festive season
In an agreement between Maine's attorney general and one of the biggest mortgage lenders, GMAC Mortgage LLC, homeowners facing financial hardship will receive certain reprieves. ...
Shared by Jerry - 1 year, 2 months, 1 week, 1 day, 16 hours, 58 minutes, 37 seconds ago
205 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Some banks to set tight standards for FHA loans
The credit standards for FHA insured loans have been tightened by some banks like Wells Fargo and Bank of America. The minimum credit scores required ...
Shared by Niicss - 1 year, 2 months, 2 weeks, 1 day, 15 hours, 31 minutes, 57 seconds ago
234 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

  1

Votes
Tough to get mortgage approval these days
With the new rules that took into effect since January, 2010, it has become borrowers to get mortgage pre-approval letters. As per the new rules, ...
Shared by Jerry - 1 year, 2 months, 2 weeks, 5 days, 15 hours, 30 minutes, 34 seconds ago
228 visits | 1 Comments | Are you recommending it?    100%[1]Yes    0%[0]No

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Attorneys request courts to dismiss foreclosure cases
In a recent development, a large number of attorneys in Maryland have requested the courts to dismiss foreclosure cases which depended on paperwork signed by ...
Shared by Jerry - 1 year, 3 months, 6 days, 4 hours, 15 minutes, 51 seconds ago
234 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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MERS further adds to foreclosure mess
A large number of borrowers have complained that the Mortgage Electronic Registration Systems (MERS) has wrongly filed home-seizure actions against them. MERS tracks ownership changes ...
Shared by Jameshogg - 1 year, 3 months, 2 weeks, 2 days, 6 hours, 11 minutes, 26 seconds ago
193 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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