These 7 larger law firms got the $10M maximum in coronavirus pandemic loans
ABA Journal Daily News
VA Issues VALERI Servicer Newsflash Regarding Reporting on Loans Impacted by Natural Disaster
In a recently published VALERI Servicer Newsflash , the VA indicated that Electronic Default Notification events on current loans that are impacted by a natural disaster should not be reported. As explained in the Newsflash, the “EDN event should only be reported prior to the 61st day of delinquency, with 'Property Problems' as the reason […]
4 Top Myths Surrounding VA Loans
Home sellers and their agents may be limiting their potential base of buyers by ignoring a growing pool of them. Mortgage industry software company Ellie Mae reports that loans acquired through the Veterans Affairs Department account for 10% of all primary insured home loans. Foreclosure News
Billions in Modified Pre-Crash Loans Continue to Perform
Whether due to lessons learned from the foreclosure crisis, an improved economy, or a combination of these and other factors, Black Knight, in its current Mortgage Monitor , shows that foreclosure prevention measures can work . The company says that the reperforming loan market now has nearly 1.84 million borrowers who are current on their […]
Should Negative Amortization Loans Be Banned?
Having written several articles on Negative Amortization Loans , telling of the details of what is wrong with them, and even destroying the myth of Option ARM cash flow , I sometimes get asked if I would like to see them banned completely. Well, given the pandemically misleading marketing that surrounds these loans, and pandemically […]
NerdWallet: Home-equity loans: your house is not an ATM
Your home equity could keep you afloat in retirement or bail you out in an emergency – but not if you spend it first. U.S. homeowners are sitting on nearly $ 6 trillion of home value they could tap as of May 2018, according to data provider Black Knight. Foreclosure News
Michael Cohen reportedly being investigated over more than $20M in loans to his taxi business
ABA Journal Daily News
The Nation’s Housing: Escrow-free loans raise credit-risk questions
Do you really need an escrow account attached to your mortgage? Aren't you capable of remembering when it's time to pay tax and insurance bills? These questions suddenly are more controversial than you might guess. A new program offered by one of the country's highest-volume lenders allows a wide swath of borrowers to say no-thanks […]
Harney: Escrow-free loans raise credit-risk questions
Kenneth R. Harney of the Washington Post Writers Group is a past member of the Federal Reserve Board's Consumer Advisory Council and is currently on the board of directors of the National Association of Real Estate Editors. Reach him at KenHarney@earthlink.net. Foreclosure News
Escrow-free loans raise credit-risk questions
Do you really need an escrow account attached to your mortgage? Aren't you capable of remembering when it's time to pay tax and insurance bills? These questions suddenly are more controversial than you might guess. A new program offered by one of the country's highest-volume lenders allows a wide swath of borrowers to say no-thanks […]