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wait on modification??

FLORIDA, FHA loan 30 yr fixed 6.0% I have been waiting on the modification process for 10-11 months. My father who was a co-signer Filed Bankruptcy because he lost his job. He also put my house in it, so he could get his name off. I had a loss in income. I applied for a modificatiom. The bank said i...

Posted to Mortgage Questions (Forum) by onetoomany on Fri, Dec 3 2010

Some Homebuyers Are Holding Back, but Market offers Bright Spots Too

RISMEDIA, August 27, 2010—(MCT)—Everywhere you look, July was not ideal for real estate—that’s one thing on which the economists and the statistics agree. Sales figures released recently for the first month in 19, not invigorated by government tax credits, offered a poor prognosis...

Posted to Real Estate (Forum) by Jim Soda on Thu, Aug 26 2010

"Florida Quality Council" Meeting Friday August 20th -Register NOW

Florida Quality Council - REGISTER NOW!!!! Quarterly meeting of the Florida Quality Council Please note our South Florida location for this meeting!!! Friday, August 20th, 2010 Registration is available now on-line at http://www.floridaqualitycouncil.org/. Meeting Topics Mortgage Fraud Trends Ann Fulmer...

Posted to Announcements - Products, Rates, Services, Events, etc. (Forum) by Michael S Richardson on Mon, Jul 12 2010

Loan Scenario: FL, $680,000, 791, 79% LTV, Refinance (Rate and Term)

[Scenario] I have just completed a new construction and the construction loan will shortly convert to a 5/1 ARM at 5.6%, which was agreed to in the construction loan package. I am living on premises. Debt free except for construction loan. I prefer to move to a 30 year fixed jumbo, 80% LTV. In general...

Posted to Loan Scenarios (Forum) by Dwight Brewer on Mon, Jun 14 2010

The State of Originator Sentiment; Yield Spread Premium Confusion; Wells Fargo Lawsuit Dismissed; Updates from Fannie and SunTrust

A good wife always forgives her husband when she's wrong. Let's hope that anyone in mortgage banking doesn't think that they were wrong for going into this profession. What am I hearing from the origination trenches out there ? Well, for the most part it mixed, but I won't sugarcoat things...

Posted to Pipeline Press (Weblog) by Rob Chrisman on Fri, Jan 8 2010

Loan Scenario: FL, $2,750,000, 800, 79% LTV, Purchase

[Scenario] What financing would be available for the purchase of this type of estate? Property would cash flow based on weekly rental projections. Who might be interested in lending on this? Thanks.

Posted to Loan Scenarios (Forum) by Paul Janus on Mon, Jan 4 2010

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

First of all the term “no points” does not exist. If you locked in yesterday on a conventional file that would pay between 3-4% yield spread premium depending on credit and loan to value. I would ask for the lock in agreement if it really is not points. P.S. I only lend in the great state...

Posted to Mortgage Questions (Forum) by Melvin List on Tue, Nov 17 2009

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