5/25/2012 - Five Straight Summers of Crisis

5/25/2012 - April Phoenix Area Home Sale Press Release

5/25/2012 - Wells Hands Over Mortgage Records

5/25/2012 - NY Fed: Robust Capital Regulation

5/25/2012 - Under Pressure, FHA Skews to Wealthier Home Buyers

"As long as we're brainstorming here, let's make all MI transferrable to a new HARP servicer as an incentive for servicers to actually, well, service their existing clients who are interested in HARP loans. Have way too many clients now with MI who are serviced by lenders who have NO interest in reducing their rate, regardless of eligibility. If all lenders could use all existing MI, you'd see one heck of a lot more HARP loans and happy borrowers!!!!!"    View Comment

"Let's start by having FHA grandfather in monthly MIP rates for existing customer instead of doubling them (wow, actually allow FHA borrowers at high rates to pass net benefit tests!!), expand HARP eligibility dates, and use the Freddie same servicer guidelines for all Fan/Fred loans.....use an agency supplied AVM for value, relax LTV hits and eligibility, streamline loans for 0x30 borrowers, and guarantee program will last for at least a couple of years. Even if a borrower isn't eligible..."    View Comment

"This program was implemented under the MHA or Making Homes Affordable Act of 2009. The issue is that the original Act said Freddie and Fannie would allow a homeowner to refi up to 125% of the homes value at current market rates in 2009 if they had no lates on their mortgage. There were some issues initially due to 2nd mortgage companies being unwilling to subordinate their liens, no one was doing the 125% ltv, the banks were only doing up to 105%, and they were taking in excess of 9-12 months to..."    View Comment

"VIcky Z! Your story sounds great and you must live midwest or SOUTH yes some people are irresponsible but here in Tri-state area it is a constna hustle and most that sare rsponsible are losing jobs and can't pay the mortgage or a first time homebuyer and the market crashed a year later and youare paying more than the darn hosue is worth without EVER refinancing. The situation is serious and these banks need to do better point blank they don't want to modify and help those really in need...."    View Comment

"Many very intelligent comments here. Strategic default comes from genuine distrust. To restore confidence there has to be some measure of a mass clensing, mea culpa and forgiveness. I recommend the following: Since there are too many that jobbed the system and we could not handle the waste of time sorting out the most egregious violators. Federal regulators advise the banks of those that they think jobbed system the most; identifying the potential amounts (held in confidence). I recommend a sort..."    View Comment