Mortgage News Daily: Unanswered Threads

Loan Scenario: OH, $154,000, 672, 100% LTV, Cash Out Refinance

Jason Harris — Fri, 20 Nov 2009 20:57:55 GMT

Loan Scenario

Loan State: Ohio
Loan County: Lake
Loan Type: Cash Out Refinance
Loan Amount: $154,000
Property Value: $154,000
LTV: 100%
FICO: 672
DTI: 38
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

Looking for someone reliable that I can refer a client to. This is for a VA transaction between 95%and 100%. The hitch is I need to be able...

Brokering A Loan

Bryan Bledsoe — Fri, 20 Nov 2009 01:44:20 GMT

I just had an interesting issue come up on a loan. Just wondering if any of you have had a similar experience. This is an FHA loan that I brokered and...

VA Forgive Difference Between Sale Price and Outstanding Amount Due on Short Sale

Anonymous — Wed, 18 Nov 2009 23:50:08 GMT

Does the VA typically forgive the difference between sale price and the outstanding amount due on a mortgage when a home is sold in a short sale? Or is...

Loan Scenario: CA, $544,000, 720, 80% LTV, Purchase

natallia — Wed, 18 Nov 2009 23:44:18 GMT

Loan Scenario

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Loan State: California
Loan County: San Mateo
Loan Type: Purchase
Loan Amount: $544,000
Property Value: $680,000
LTV: 80%
FICO: 720
DTI: 40
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

Borrower wants to buy and move into a house that she currently rents. Right now she has an elderly care facility in the subject and leases the...

Loan Scenario: MD, $830,000, 800, 59% LTV, Refinance (Rate and Term)

Stuart Landry — Tue, 17 Nov 2009 21:54:39 GMT

Loan Scenario

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Loan State: Maryland
Loan County: Frederick
Loan Type: Refinance (Rate and Term)
Loan Amount: $830,000
Property Value: $1,400,000
LTV: 59%
FICO: 800
DTI: 30
Occupancy Type: Owner-Occupied
Property Type: 2 Unit Duplex

58 Acres....2-unit....non-working farm. Any ideas out there?

...AND YOU WONDER WHY YOU CAN'T GET A LOAN?...

Bob V-G — Tue, 17 Nov 2009 03:58:07 GMT

Hi consumers, Here's an excerpt from a new Broker Origination agreement with a large national lender. Bear in mind that a breech of this may/would...

Loan Scenario: MD, $285,000, 760, 57% LTV, Cash Out Refinance

Rob McIntire — Mon, 16 Nov 2009 22:14:48 GMT

Loan Scenario

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Loan State: Maryland
Loan County: Calvert
Loan Type: Cash Out Refinance
Loan Amount: $285,000
Property Value: $500,000
LTV: 57%
FICO: 760
DTI: 22
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

Looking for the cheapest deal on a 30yr fixed! Would like to see a few different options. Thanks

Guaranteed DULP Streamline Mail Campaign

Tim Hill — Mon, 16 Nov 2009 14:30:59 GMT

Let TagQuest create a Direct Mail Campaign that targets Fannie and Freddy borrowers that are looking to Streamline into today's lower rates. How many...

Get a Sigh of Relief by UK Mortgage Help

Muqtada Khalid — Sat, 14 Nov 2009 12:08:47 GMT

Having own home is the dream of almost every person but the financial conditions do not allow all to make their dreams come true. In UK, a large number...

Save The American Dream Roundtable

loan modification — Sat, 14 Nov 2009 03:12:49 GMT

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Reconcile these statistics.

Moshe Cohen PhD — Sat, 14 Nov 2009 03:11:50 GMT

Mortgage applications were at 9 year low according to Mortgage Bankers Association. The survey is for the week of November 6th. Applications by home purchasers...

Loan Scenario: AZ, $240,000, 636, Refinance (Rate and Term)

Rob Ellis — Fri, 13 Nov 2009 19:22:48 GMT

Loan Scenario

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Loan State: Arizona
Loan County: Maricopa
Loan Type: Refinance (Rate and Term)
Loan Amount: $240,000
Property Value: ---
LTV: ---
FICO: 636
DTI: 40
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

VA IRRRL, mortgage lates on HELOC which have been brought current, never late on VA loan; HELOC will subordinate.

Loan Scenario: HI, $1,200,000, 680, 55% LTV, Refinance (Rate and Term)

Scott Coffman — Fri, 13 Nov 2009 00:50:06 GMT

Loan Scenario

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Loan State: Hawaii
Loan County: Honolulu
Loan Type: Refinance (Rate and Term)
Loan Amount: $1,200,000
Property Value: $2,200,000
LTV: 55%
FICO: 680
DTI: 35
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

Is there anyone still offering a JUMBO REVERSE mortgage product out there? Couple built their waterfront home 45 years ago and have lived there...

Loan Scenario: NY, $350,000, 720, 32% LTV, Cash Out Refinance

David Nawrot — Thu, 12 Nov 2009 17:41:16 GMT

Loan Scenario

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Loan State: New York
Loan County: Nassau
Loan Type: Cash Out Refinance
Loan Amount: $350,000
Property Value: $1,100,000
LTV: 32%
FICO: 720
DTI: 45
Occupancy Type: Non-Owner Occupied
Property Type: Single Family Residence

the big kicker is it is on the market. will take it off the market if there is a product available for home just being listed for sale.

[Poll] Will the Tax Credit Extension Be Effective?

Adam Quinones — Wed, 11 Nov 2009 18:38:31 GMT

The home buyer tax credit has been extended. [Please visit the site to access the poll]

Loan Scenario: TX, $382,000, 650, 91% LTV, Refinance (Rate and Term)

Ken Bearce — Wed, 11 Nov 2009 00:57:41 GMT

Loan Scenario

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Loan State: Texas
Loan County: Harris
Loan Type: Refinance (Rate and Term)
Loan Amount: $382,000
Property Value: $420,000
LTV: 91%
FICO: 650
DTI: 42
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

Full doc

YSP

Stuart Landry — Tue, 10 Nov 2009 17:56:58 GMT

Has anyone heard any news pertaining to the restrictions on YSP? A couple of our AEs are expressing more and more concern. Thoughts anyone? Furthermore...

NJ Licensed Real Estate Salesperson Getting a NY License

Anonymous — Tue, 10 Nov 2009 15:26:37 GMT

I am a licensed real estate salesperson in NJ. What is the process of getting a NY license.

List of Title Insurance Companies

Anonymous — Tue, 10 Nov 2009 15:22:25 GMT

Can someone provide me with or direct me to a list of title insurance companies?

Annual Form Filed for a Homeowners Association Created as an LLC

Anonymous — Mon, 09 Nov 2009 22:48:55 GMT

What annual form is filed for a homeowners association created as an llc (multiple owners)? What if the LLC has not made the election to be treated as...

Has California SB 94 Affected You? Wreaked Havoc on Loan Modification

Brett Robbins — Mon, 09 Nov 2009 02:01:05 GMT

Has California SB 94 Affected You? The passing of State Bill 94 wreaked havoc on the loan modification industry in California. Although the bill was anticipated...

Wholesaling in 90 days

Karen Roberts — Sun, 08 Nov 2009 06:17:45 GMT

Hello Everyone, I just wanted to inform you that we have just launched a new e-course 90 days to cash . This is a unique program which can show you how...

My Mobile Home Park is Being Sold

Anonymous — Sun, 08 Nov 2009 04:59:57 GMT

My husband and I manage a mobile home park for the owner and we own 2 mobile homes here, one of which we live in. The property is going to be sold. What...

Doing a Research Paper

Anonymous — Sat, 07 Nov 2009 01:31:05 GMT

is there wage or income inequality in the real estate business (doing a research paper in economics)? what about a shifts and price elasticity of supply...

A 49er home, for $49 mill!!!

akaagassi — Fri, 06 Nov 2009 10:17:47 GMT

It can be yours for a (Joe) cool $49mill!!! http://online.wsj.com/article/SB10001424052748704013004574517811938284996.html?mod=article-outset-box http...