Archive for Loan Restructure
There may be a little bit of light at the end of the tunnel for people who are currently going through foreclosure – they may be able to rent their property back from Fannie Mae.
Fannie Mae has recently announced the Fannie Mae Deed For Lease Program and it is designed to be another option to [...]
Many people want to know what the best way to “get rid” of mortgage insurance — either Private Mortgage Insurance (often referred to as PMI) or FHA Mortgage Insurance (acts just like PMI, but payments are made to HUD, not a private mortgage insurance company).
If you want to avoid PMI altogether, you must put 20% [...]
The NAR Asks for Action Against the HVCC
The National Association of REALTORS (NAR) is asking both members and non-members of the California Association of Mortgage Brokers (CAMB) to contact their Representatives and Senators to ask for a delay of at least one year of the implementation of the Home Valuation Code of Conduct (HVCC). View [...]
Several of the nation’s real estate appraiser organizations are asking the Administration to require that residential market values be determined by qualified appraisers. It is necessary to use licensed and certified appraisers in order to protect homeowners under the Homeowners Stability Program. In order to restructure loans, banks require homeowners to have their home appraised [...]