Mortgage News Daily: Active Threads

NEW GFE/HUD effective Jan 1st

Ben Mabile — Mon, 05 Oct 2009 15:37:24 GMT

I just received a visit from a local title company who recently attended a training seminar on preparing the new HUD statements effective Jan. 1st. 2010...

Loan Scenario: TX, $135,000, 760, 68% LTV, Purchase

Ed Cortes — Fri, 20 Nov 2009 19:49:05 GMT

Loan Scenario

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Loan State: Texas
Loan County: Travis
Loan Type: Purchase
Loan Amount: $135,000
Property Value: $200,000
LTV: 68%
FICO: 760
DTI: 33
Occupancy Type: Non-Owner Occupied
Property Type: 2 Unit Duplex

Does anyone know of an investor who is offering the FNMA multiple property loan? Borrower has 7 properties financed, this would be her 8th....

DU-Refinance - and the problems I have had so far.

Mark Hofmann — Sat, 21 Nov 2009 03:12:24 GMT

I'm trying to obtain more information concerning what I have had to deal with so far trying to get my DU-Refi complete. We signed a good faith estimate...

Loan Scenario: FL, 636, Purchase

suepam — Thu, 19 Nov 2009 14:46:56 GMT

Loan Scenario

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Loan State: Florida
Loan County: Collier
Loan Type: Purchase
Loan Amount: ---
Property Value: $143,000
LTV: ---
FICO: 636
DTI: 38
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

client has 3 trade lines and cancelled rent check 0 x 30 prefer usda loan looking for lender who can re-issue my credit as afraid if it gets...

Neighbor's lack of easement

steve kritzler — Fri, 20 Nov 2009 10:27:21 GMT

I bought a house in Los Angeles county in March 2009. It's on a flag lot and I have an easement to use the driveway that's owned by the neighbor...

Wholesale Lenders that offer CALSTRS

Eric Leithliter — Sat, 14 Nov 2009 01:04:27 GMT

Hey all. I am looking to compile a list of wholesale lenders that offer the CALSTRS program. I know FMC and BofA do it, but who else? Thank you.

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

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

Loan Scenario

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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...

Can the buyer's agent pay someone else unlicensed to find a home?

Anonymous — Tue, 17 Nov 2009 22:31:32 GMT

can the buyer's agent pay someone else unlicensed to find a home

Bank of America REO Department Contact Information

Anonymous — Wed, 18 Nov 2009 02:01:14 GMT

Reo department at Bank of America. Contact Info.....please

Mortgage Company Dictate Deductible on Insurance

Anonymous — Thu, 19 Nov 2009 04:10:00 GMT

can a mortgage company dictate how much deductible you can have on you homeowners insurance.

Lender Trying to Collect After Short Sale

Anonymous — Wed, 18 Nov 2009 04:19:21 GMT

Our son sold his home on a short sale in Caldwell Idaho. The lender now is trying to collect $40,000.00 from them after the sale was completed. Is this...

Any lender without FHA 4 properties financed overlay?

Antonio Cibella — Fri, 20 Nov 2009 15:18:46 GMT

Hi All, It appears that lenders have placed an overlay of no more than 4 total properties financed on FHA loans. I have a borrower looking to refinance...

Locked 4.875 30y frm no points - is this too good to be true? I have not rec paperwork from lender yet but Appraisal was conducted

Jes Fe — Wed, 18 Nov 2009 15:49:18 GMT

Loan Rate determined by property type?

AP — Fri, 20 Nov 2009 19:31:39 GMT

For a given person (income, fico scores, lender, loan amount etc. being constant), is it true that the lender will charge higher interest rate if he buys...

Can we Take Advantage of the New Housing Tax Break

Anonymous — Thu, 05 Nov 2009 16:31:10 GMT

We bought our house in Novemeber of 2008. We had to buy because of moving for a new job. This was my first house , but not my wifes. She had our condo...

Short sale hurt a seller worse then a foreclosure?

Anonymous — Wed, 18 Nov 2009 03:35:42 GMT

Does a short sale hurt a seller worst then a foreclosure?

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...

Just Locked a 30 Year Fixed Rate Mortgage at 5.375% No Points

mark Goldstein — Thu, 29 Oct 2009 02:13:51 GMT

I just locked a 30y fixed rate at 5.375% no points. But the national average is at 5%. How am I supposed to know if that rate is appropriate? Other lenders...

Parent who Cosigns/Co-borrows a Loan Dies

Anonymous — Wed, 18 Nov 2009 21:23:51 GMT

If a parent cosigns/co-borrows a loan with a child, what happens if the parent dies? Is the child responsible for any gift/estate tax on that home?

Loan in Husbands Name who Passed Away

Anonymous — Tue, 17 Nov 2009 23:56:42 GMT

My Husband is the borrower of the loan for our house. I am on the deed but not the loan. He passed away and I cant make the payments. Am I anyway responsible...

Does this loan qualify for conventional financing?? OO SFR with Elderly care (4 boarders)

natallia — Thu, 19 Nov 2009 00:16:22 GMT

Hello all, can someone please point me in the right direction? The borrower wants to buy a house where she has her business (elderly care). Its a 4 bedroom...

Phone Lines on My Property

Anonymous — Wed, 18 Nov 2009 20:48:03 GMT

Southern California Edison recently improved phone lines behind my house and instead of taking down the old telephone poll they placed a new one on my...

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: FL, $545,000, 747, 88% LTV, Purchase

Bette Miller — Wed, 23 Sep 2009 02:16:20 GMT

Loan Scenario

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Loan State: Florida
Loan County: Palm Beach
Loan Type: Purchase
Loan Amount: $545,000
Property Value: $617,000
LTV: 88%
FICO: 747
DTI: 35
Occupancy Type: Owner-Occupied
Property Type: Single Family Residence

Looking for 90% financing, or 80/10/10. Borrower has found some on the retail side; anything else? Borrower is fine with an adjustable.