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What We’re Hearing: Has the FDIC Gone Too Far on Loan Brokers?

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weekend edition What Were Hearing: Has the FDIC Gone Too Far on Loan Brokers?
August 5, 2011

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What We’re Hearing: Has the FDIC Gone Too Far on Loan Brokers?
By Paul Muolo

Readers of the National Mortgage News website and our weekly have probably noticed our stories about the Federal Deposit Insurance Corp. going after loan brokers on buyback claims. When looking at the issue as an objective third party we try not to take sides. But when it comes to column/blog writing, those rules are thrown out the window.

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Developing Tools to Monitor Stolen Identity Accounts
By Evan Nemeroff

As mortgage fraud activity continues to be a persistent problem throughout the country, information and data companies have developed new tools in order to monitor fraudsters and prevent them from stealing not only money from borrowers, but their identity, too.

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Judge Tosses AARP HECM Surviving Spouse Lawsuit
By Brad Finkelstein

A federal court judge in Washington has dismissed a case filed by AARP Foundation against the Department of Housing and Urban Development where the plaintiffs had been the surviving spouses of a Home Equity Conversion Mortgage borrower, but not listed on the loan.

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Panelists Say Must Adopt Ways to do Short Sales Better
By Austin Kilgore

DALLAS – As servicers continue to manage the deluge of distressed homeowners and nonperforming mortgages, short sales are becoming an effective loss mitigation strategy.

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Survey: Realtors Dislike Working with Lenders During Short Sale Process
By Evan Nemeroff

Realtors are having trouble working with lenders during the short sale process, according to a California Association of Realtors survey.

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Freddie Ranks Servicers in Conjunction With the Servicing Alignment Initiative
By Amilda Dymi

Tied to the agency’s Servicing Success Program, Freddie Mac’s new ranking system took off this month replacing the traditional performance tiers with more realistic valuations that open the door for improved servicer activity reviews and planning of needed remedial action.

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Things You Should Know About First Time Home Buyer Credit | Rubher…

An look at first time home buyer credit programs, loans, and down payment help.

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Things You Should Know About First Time Home Buyer Credit | Free …

An look at first time home buyer credit programs, loans, and down payment help.

Visit link:
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2008 First Time Homebuyer Tax Credits Need to be Repaid This Year …

Were you one of the people that took advantage of the first time home buyer tax …

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2008 First Time Homebuyer Tax Credits Need to be Repaid This Year …

Category : Blog

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