Latest Mortgage Industry News

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Govt. announces a new task force to battle financial frauds
Hi all, In an attempt to avoid another financial meltdown, the US Govt. has come up with the creation of a new task force to put ...
Shared by Jerry - 1 day, 23 hours, 42 minutes, 22 seconds ago
11 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Votes
Disclosure rule for interim mortgage sale
The Federal Reserve Board has approved a final rule related to interim mortgage sale. According to this disclosure rule, the lenders should notify the consumers ...
Shared by Smith.sussane - 4 days, 3 hours, 47 minutes, 40 seconds ago
29 visits | 2 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Votes
FHA mortgage-insurance reserve ratio hits record low
For the first time since the Federal Housing Agency started publishing the reserve ratio data in 1990, the FHA's mortgage-insurance reserves fell to the lowest ...
Shared by Jerry - 1 week, 23 hours, 52 minutes, 1 second ago
19 visits | 1 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

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Votes
Borrowers facing foreclosure can now lease back their homes
In its effort to avoid foreclosures, Fannie Mae will now allow some borrowers to lease back their properties when they are facing foreclosure. Borrowers will ...
Shared by Sara - 1 week, 5 days, 1 hour, 18 minutes, 7 seconds ago
26 visits | 2 Comments | Are you recommending it?    0%[0]Yes    0%[0]No

  2

Votes
Mortgage reporting rules: What are the affects on credit score?
Until Oct 31st, 2009, the mortgage lenders reported mortgage modifications in various ways – paid as agreed, partial payments etc. Reporting of mortgage modification as ...
Shared by Niicss - 2 weeks, 4 days, 1 hour, 35 minutes, 48 seconds ago
26 visits | 1 Comments | Are you recommending it?    100%[2]Yes    0%[0]No

  1

Votes
Implementation of new FHA condo rules delayed
The new FHA condo rules which were supposed to be implemented from October 1st, has now been delayed until November 2nd. Some of the major ...
Shared by Sara - 4 weeks, 3 hours, 19 minutes, 49 seconds ago
38 visits | 2 Comments | Are you recommending it?    100%[1]Yes    0%[0]No

  2

Votes
California law bans upfront fees for loan modifications
Hi everyone, A new law, prohibiting collection of advance fees by providers of loan modification services, has come into effect in the state of California. The ...
Shared by Jerry - 4 weeks, 2 days, 2 hours, 20 minutes, 17 seconds ago
38 visits | 2 Comments | Are you recommending it?    100%[2]Yes    0%[0]No

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