Appellate Court Ruling Could Spur HAMP Lawsuits See Original Article Here. And so it begins. Or rather, so it turns. Like a soap opera that never ends. Hundreds of thousands of homeowners have … [Read more...]
Prescription Without Diagnosis Is Malpractice
July 2, 2011 by Leave a Comment
In the last couple months I have seen a number of disasters occur where a homeowner is facing potential litigation because of failed advice or "prescription". I thought I would share my philosophy. … [Read more...]
No wonder why mortgage brokers are going to be dinosaurs Update 03-02-11
March 29, 2011 by Leave a Comment
Apparently the Law has nothing to do with mortgages. In the collapse of the mortgage market and capital markets in 2007 I was faced with some hard decisions. After 16 years working in mortgage … [Read more...]
Fannie Mae increases time frame since foreclosure to qualify for a new mortgage
December 8, 2010 by 10 Comments
Link to the Original Fannie Mae Update here Ok, I have been reading that everyone is up in arms on this one. People are saying this is the end of housing. Realtors everywhere are posting … [Read more...]
What did I learn from Wayne Stutzer Today?
December 8, 2010 by Leave a Comment
Well I showed up at the AzAmp and AMLA luncheon and was worried I had come to the wrong room as there was only 4 table set up for lunch. "What a small crowd" I thought. It is obvious that the industry … [Read more...]
Thank You Bank of America
October 25, 2010 by 5 Comments
Original Article: http://www.nytimes.com/2010/10/25/business/25foreclosure.html?th&emc=th This is a reprint of an email received from Darrel Blomberg Darrell@AzTechRealty.com Wow! Bank of … [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...]
Buybacks and Repurchases likely to be with us for some time
September 8, 2010 by 2 Comments
excerpt from www.robchrisman.com Repurchases and buybacks will be with us for quite some time. Barclays released a study estimating that "repurchase requests related to reps and warranties will … [Read more...]
Phoenix Real Estate Agent Charged with Lying on Loan Application
August 26, 2010 by Leave a Comment
Copy of Press Release Fast Track Indictment Well, it begins, or did it already begin and many are just now hearing about it? The attached press release from the US Attorney's Office here in … [Read more...]