Feb
21
February 17, 2012, 8:46 AM EST by Bob Ivry, Donal Griffin and Andrew Harris Feb. 16 (Bloomberg) — four years after rotten mortgages helped trigger a global financial crisis, Sherry Hunt said her Citigroup Inc. quality-control team was still finding flaws in new loans that included altered tax forms, straw buyers and borrowers who listed …
Permanent link to this article: http://www.greenbrierrealestateservices.com/citigroup-whistle-blower-says-banks-brute-force-hid-bad-loans/
Feb
17
Current mortgage payers across the US have truly never had a more promising period in which to lock in superb refinance deals, with Wells Fargo (NYSE:JPM) once again beginning the week with some stunningly attractive packages. For those who are able to quality for the very best rates of all, the savings could very well …
Permanent link to this article: http://www.greenbrierrealestateservices.com/mortgage-rates-at-wells-fargo-refinance-packages-begin-new-week-with-comprehensive-strength/
Dec
07
Foreclosure protection offered to displaced families WASHINGTON, DC – November 11, 2011 – (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Vermont and provide support to homeowners and low-income renters forced from their homes following severe storms and flooding in may. …
Permanent link to this article: http://www.greenbrierrealestateservices.com/hud-secretary-announces-disaster-assistance-for-vermont-storm-victims/
Dec
05
The current maximum claim amount of $625,500 for Home Equity Conversion Mortgages (HECMs) has been extended through 2012, according to the Department of Housing and Urban Development (HUD). When President Obama signed the Transportation, Housing, and Urban Development (THUD) spending bill into law on Nov. 18, effectively re-raising FHA-insured forward loan limits from $625,500 to …
Permanent link to this article: http://www.greenbrierrealestateservices.com/bigger-is-better-reverse-mortgage-loan-limits-extended-through-2012/
Dec
02
Posted by Kevin Huffman Financial, General, Headlines Wednesday, November 16th, 2011 Millions of US mortgage payers across the nation are currently locked into loans with high rates of interest, while major lenders the likes of Wells Fargo (NYSE:WFC) are offering refinance packages with the very real potential to cut massive sums of money from outstanding …
Permanent link to this article: http://www.greenbrierrealestateservices.com/wells-fargo-refinance-mortgage-rates-wednesday-bringing-rock-solid-value/
Nov
29
However, in a bow to conservatives, the bargainers would not increase the current $625,500 limit on mortgages that can be backed in expensive communities by Fannie Mae and Freddie Mac, the government-controlled mortgage giants, and by the Veterans Affairs Department. Realtors and home builders had lobbied hard to raise the loan limits for all four …
Permanent link to this article: http://www.greenbrierrealestateservices.com/hill-bargainers-agree-to-boost-size-of-fha-backed-mortgages-but-not-fannie%e2%80%99s-freddie%e2%80%99s/
Nov
29
SAN DIEGO, CA, Nov 07, 2011 (MARKETWIRE via COMTEX) –With almost 50% of San Diego homes under water, and an increasingwillingness on the part of lenders to work with upside downhomeowners to avoid foreclosure, more and more San Diego homeownersare seeking to educate themselves on their options in dealing with anupside down home. Matt Battiata …
Permanent link to this article: http://www.greenbrierrealestateservices.com/battiata-real-estate-group-to-hold-5-short-sale-seminars-nov-15-19across-san-diego-county/
Nov
21
Step aside, Fannie and Freddie. A new report shows taxpayers may soon have to bail out another government-backed mortgage lender—this time, the Federal Housing Association. The FHA—which is accountable for more than $1.3 trillion of home loans in the U.S.—suffered staggering losses on loans insured prior to the housing market crash, according to the U.S. …
Permanent link to this article: http://www.greenbrierrealestateservices.com/another-housing-agency-might-hit-up-taxpayers-for-billions-to-cover-losses/
Nov
14
Three years into the nationalization of housing finance by government-sponsored entities Fannie Mae, Freddie Mac, and the Federal Housing Authority (FHA), it is time to start reducing their footprints. this is not an easy task, for as Ronald Reagan observed in 1964, “a government bureau is the nearest thing to eternal life we’ll ever see …
Permanent link to this article: http://www.greenbrierrealestateservices.com/senate-undermines-obama%e2%80%94and-the-country%e2%80%94onhousing/
Nov
08
The salient features of FHA streamline refinance without appraisal are as follows: Loan Amount: The maximum loan amount in case of FHA streamline refinance without an appraisal is the lower amount between the original loan amount and the existing debt. Original Loan Amount: Original loan amount is the principal mortgage amount which should also include …
Permanent link to this article: http://www.greenbrierrealestateservices.com/fha-streamline-refinance-without-an-appraisal/
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