The Mortgage Forgiveness Debt Relief Act It doesn’t really matter that the the The Mortgage Forgiveness Debt Relief Act expires this year. Ok, that is not completely … [Read more...]
Mortgage Insurance Companies Going After Homeowners
September 22, 2011 by 4 Comments
I was sent a video from Fox News in which Bob Massi was interviewed about Mortgage Insurance. Watch Video Here. Watch the video first for the rest to make sense. Here is the issue. They are … [Read more...]
Are the current lending standards too unreasonable?
May 24, 2011 by 2 Comments
I have been reading many articles over the last few months screaming about how restrictive lending guidelines are. That laws and regulations passed on Capitol Hill are overbreadth or make no sense. … [Read more...]
Short Sale Negotiators, Is there life on MARS?
January 13, 2011 by 18 Comments
IS THERE LIFE ON MARS? On November 19, 2010, the Federal Trade Commission announced a new rule aimed at protecting financially distressed homeowners who use so-called mortgage assistance relief … [Read more...]
What are we fighting for?
January 12, 2011 by 1 Comment
This is a Mission Statement. Something that is misinterpreted and ends up as a plot in a movie. It is an opinion. Recently a colleague made a statement on a facebook post of mine. "And you know, I … [Read more...]
Mortgage Losses Build Team Spirit
October 27, 2010 by Leave a Comment
Original Article New article out in Wall Street Journal discusses a meeting "Robosigners and Other Servicing Failures," where 200 investors in Mortgage Backed Securities are meeting to discuss the … [Read more...]
Fed’s `Pit Bull’ Takes on Bank of America in BuyBack Battle
October 26, 2010 by Leave a Comment
Original Article So, we have a Pit Bull in the fight against BofA. She has secured multiple settlements already on behalf of investors in MBS. As I have discussed many times, yes, we have an issue … [Read more...]
Mortgage Bankers Lament Loan Repurchases
October 25, 2010 by 3 Comments
Source: Reuters More and more demands are being made of Lenders who sold loans to the secondary market like Fannie and Freddie and Private MBS to repurchase those loans. Those loans may or may not … [Read more...]
Due Process: Problem One for Big Banks
October 25, 2010 by Leave a Comment
Brian Moynihan, Bank of America's chief, stressed the profitable quarters in a conference call. Why not, they are profitable but, at what cost. Article in New York Times goes on to discuss how BofA is … [Read more...]
US Treasury endorses Mortgage Mess Fix
October 20, 2010 by 1 Comment
Author: Michael Lissack email: dnfr@lissack.com To Fix the Housing Market -- The "Underwater" Portion of Loans Needs to Become Equity The documentation exists, the authorization exists, now we … [Read more...]
