Agents & Brokers
August 23, 2011
Featured Story
Hope Now Servicers Still Looking for Counseling Fee Solution
By Amilda Dymi
Delinquent homeowners continue to tune out their mortgage servicers while banks struggle with mortgage counseling compensation issues. During the first half of this year a staggering 5.5 million homeowners 60 days or more delinquent had never contacted their bank prompting servicers to send out over 5.5 million Hope Now letters designed to help minimize foreclosure risk.
Nonprofit Says Members of Congress Lack Basic Finance, Economics Knowledge
By Amilda Dymi
In times when the debt crisis requires better economic understanding than ever, nearly eight in every 10 members of Congress lack education in economics or business and may not have housing market knowledge, according to findings from the Employment Policies Institute.
Lenders, GSEs Promote REO Repurchase Loans With a Kick
Incentive-based efforts to sell foreclosed properties especially if the homes are vacant or abandoned are accelerating this year. A bank-owned property for sale in a blighted neighborhood is most people’s nightmare as much as a low-interest, no-downpayment mortgage is everyone’s dream. It may take an incentive-based financing option to marry the two.
White House Contemplating Major Refinancing Program?
By Brian Collins
The Obama administration is looking at creating a major refinancing program to help the housing market and give the economy a jolt, according to industry officials.
| MBA: Little Evidence of a Foreclosure Backlog By Brian Collins The number of residential loans entering the foreclosure process is falling with “no evidence” that a backlog is building up that could suddenly flood the market, according to the chief economist of the Mortgage Bankers Association. |
| MBA: Delinquencies Showing ‘Some’ Signs of Worsening By Paul Muolo, Brian Collins The national delinquency rate on outstanding home mortgages ticked up to 8.44% in the second quarter, which means roughly $793.4 billion of residential loans are 30 days or more past due. |
Category : Agents & Brokers &Blog &Mortgage
August 23, 2011
|
Category : Agents & Brokers &Blog
August 22, 2011
Featured Story
Bank and Nonbank Loan Officers: 459,000 and Counting?
By Lew Sichelman, Brian Collins
Could there really be 459,000 U.S. loan officers plying their trade in residential finance?
Lessons in Networking
By Brad Finkelstein
The new mortgage origination paradigm must include building relationships and networking, skill sets that many new to the business did not learn or chose to neglect during the boom years. It is more than glad-handing when you walk in the door; these relationships need to explore issues that go beyond the point of sale.
| Attorney Fears Two D-F Musts Neglected By Bonnie Sinnock While some Dodd-Frank regulations are still taking shape, there are several defined broad requirements that the law’s implementation date last month should be lenders’ cue to address. Lenders generally are well aware of and have been working on some of these requirements, but Offit Kurman attorney Ari Karen is concerned that they are overlooking two. |
| What We’re Hearing: In Ocean Properties We Trust? By Paul Muolo I just returned from a week long vacation in the South New Jersey shore area with good news: the rental market is fairly strong with prices holding steady.
|
Category : Agents & Brokers &Blog &Mortgage
August 18, 2011
|
Category : Agents & Brokers &Blog &Mortgage
August 17, 2011
|
Category : Agents & Brokers &Blog &Mortgage
