Archive for General

VA Officials Enlist Realtors® to Recruit Home Appraisers

WASHINGTON (May 16, 2014) – The Department of Veterans Affairs is taking steps to improve services for active and former military service members who are ready to buy a home, said officials from the VA Home Loan Guaranty program yesterday at an agency briefing for Realtors® during the Realtor® Party Convention & Trade Expo. The […]

Upcoming Online FHA Training

Due to overwhelming demand, another ONLINE FHA TRAINING has been scheduled: ABC’s of FHA Lending June 3-4, 2010 12:00pm – 3:00pm Eastern Many new companies and wholesalers are REQUIRING this class prior to origination (or even employment!). Completion Certificates WILL be issued to attendees for you to show all your customers, friends and neighbors […]

Guidance for Currently FHA-Approved Loan Correspondents Regarding Renewal of FHA Lender Approval

Directly from HUD this morning: As proposed in a November 30, 2009, proposed rule (74 FR 62521), HUD is seeking to eliminate FHA approval for loan correspondents. Because this rulemaking is still in process and a final rule has not yet been issued, FHA is extending the deadline for the submission of audited financial statements […]

FHA Guidelines Tightened

FHA today announced some rather major guideline changes which will tighten up the availability of FHA loans. Your view regarding these changes is likely to be guided by your vantage point in the process. Members of the general public who are not in the market for a home or a mortgage refinance will most likely […]

HUD Inspector General Probes Mortgage Companies With Significant Claim Rates

WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Inspector General Kenneth M. Donohue and Federal Housing Administration (FHA) Commissioner David H. Stevens announced today an initiative focusing on mortgage companies with significant claim rates against the Federal Housing Administration mortgage insurance program. HUD Office of Inspector General (OIG) subpoenas were served to the […]

FHA 1% Origination Fee Cap Removed

As part of our government’s continuing crusade to over regulate and over complicate the mortgage process for consumers and mortgage industry professionals alike so that they can continue to blame mortgage brokers for the current crisis instead of government, the new RESPA guidelines took effect on January 1, 2010. More on this later. One requirement […]

How To Get Loan Modifications SUCCESSFULLY – Webinar Replay

Richard Geller helped a lot of folks get into the business of doing loan mods for profit and helped a lot of people successfully get their own loan modifications done. And now he has revealed how to get loan mods for investor owned properties, and how to get REAL principal REDUCTIONS and How to use […]

No Cost Loan Modification Webinar – How To Get Principal Reductions

This isn’t specifically about FHA programs, but it will certainly prove extremely useful to many of the readers here. Check the bottom of the post for an important FHA update notice. My friend Richard Geller has been helping people get principal reductions on their mortgages and really great loan mod terms. He has put together […]

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 […]