Archive for August, 2009

Foreclosure: When To Hire A Lawyer

If you are having trouble making your house payment and wondering what your options are, here they are in a nutshell: Loan Modification Short Sale Deed-in-Lieu of Foreclosure Foreclosure Loan Modification When attempting to get your lender to modify the original terms of your loan,  you may want to hire a lawyer or law firm […]

FHA Home Affordable Modification Program: Free Conference Call

FHA is Hosting a Free Industry Conference Call on HAMP: On Thursday, August 13, 2009, from 1:00 p.m.- 3:00 p.m. Eastern Time (10:00 a.m. Pacific Time) FHA is Hosting a free industry conference call to discuss FHA’s new Home Affordable Modification Program (FHA-HAMP). A copy of Mortgagee Letter 2009-23 “Making Home Affordable Program: FHA’s Home […]

TBW, 3rd Largest Direct Endorsment Lender, Shuts Down

As most people are aware by now Taylor Bean and Whitaker, the third largest FHA Direct Endorsement lender in the country and the 12th largest lender in the country has ceased operations. There will be ripple effects from this throughout the mortgage lending industry. Many hundreds of small mortgage brokers and community banks depended on […]

Taylor, Bean and Whitaker (TBW) Suspended From FHA Lending

The third largest FHA lender in the country Taylor, Bean and Whitaker Mortgage has been suspended from FHA lending effective immediately. In addition, the Government National Mortgage Association (Ginnie Mae) is also defaulting and terminating TBW as an issuer in its Mortgage-Backed Securities (MBS) program and is ending TBW’s ability to continue to service Ginnie […]