SORT BY Relevancy
In November, FHA extended the principal reduction loan program for two more years. The FHA short refinance program was first authorized by Congress in 2008 to assist non-FHA borrowers that are underwater. It has evolved over time and is now being extended through 2016.
The short refinance is an under-utilized tool for investors who are looking to monetize their performing loans at a higher yield than a sale of the re-performing note.
Joining the broadcast to discuss short refinances is Craig Everett, principal at Cairn Advisors.
Craig has over 20 years’ experience in the mortgage industry in a variety of lending environments. Craig’s previous positions include Vice President of Distressed Originations for Lime Financial/Credit Suisse and Founding Partner of Wealthbridge Mortgage a 50 state originator and special servicer. Craig has spent the last 5 years as principal of Cairn Advisors working in the distressed origination space where he has helped hedge funds, servicers and other clients maximize the return on their assets through unique loss mitigation strategies.
On today's broadcast, Andy Schell of MBS will be discussing The Federal Housing Finance Agency's recently proposal of new minimum financial requirements for nonbank mortgage sellers and servicers. Andy will be explaining how the impact of how under FHFA’s new proposal, all seller and servicers are required to have a minimum net worth base of $2.5 million plus 25 basis points of the total unpaid principal balance for the loans each nonbank services. This is a MUST LISTEN to broadcast for anyone working for a nonbank mortgage lender. Here's a link to a recent article on this topic... http://www.housingwire.com/articles/32789-fhfa-announces-new-financial-rules-for-nonbanks
Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update, Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT and Tony Garritano providing a TECHNOLOGY UPDATE. This is followed by the HOT TOPIC segment, which is an in depth discussion about one of the hottest topics related to the mortgage industry.
NATIONSTAR MORTGAGE BAD CUSTOMER SERVICE LOST MORTGAGE PAYMENTS CONSUMER RIGHTS RESPONSIBILITIES OF MORTGAGE SERVICERS CFPB RESPA DODD-FRANK ACT CONSUMER RIGHTS
"the daily complaint"
Every weekday we answer client complaints on The Daily Complaint to provide direction and resources for both the person complaining as well as other consumers experiencing similar issues whether it be mortgage fraud, loan servicing escrow issues, loan modification runarounds or denials, short sale refusals, deed in lieu negotiations and credit card debt collector abuses and fraud violations.
I routinely look for posts to answer in hopes that it will not only bring optimism to those homeowners and borrowers in distress but also some basic information to assist in fighting the banks that are "too big to fail" like Bank of America and Citi but yet don't appreciate the bailout that we provided in their time of need. The debt collectors like Ocwen and Nationstar are simply just piranhas but they can be beat at their own game too just like the big banks can be defeated.
We are committed to answering consumer complaints and addressing everyday credit and debt issues on The Daily Complaint and I thank you for your continued support!
We hope you enjoy the Show...
Phone (888) 234-7006 Ext 101
Fax (888) 234-7096
Every new beginning comes from some other beginning's END!
THE DAILY COMPLAINT - LIVE WEEKDAYS AT 8:30 AM PT (CA) & 11:30 AM ET (NY)
Tuesday January 13th, 2015 9am PST and 12pm EST.
Join Rene' and Thomas Mick, our Dad on the Borough as Rene' interviews Doug Boggs. Doug has spent many years in the foreclosure world, fighting the injustice of the corrupt system. He documented each step of his journey and is releasing a movie he has made called QUANTUM OF JUSTICE. This is the Doug Boggs foreclosure story up close and personal, it is the story all foreclosure victims know all too well.
Please join the interview and hear that you are not alone as a homeowner if you are in foreclosure. You are not crazy and yes the banks and servicers are corrupt. Hear Doug talk about the fraud in documents, his ability to find the crimes and the work it takes to get a judge to rule lawfully.
The trailer: http://www.gofundme.com/iqx45s Please support Doug in getting this movie released, it benefits all homeowners. Thank you.
Facebook page: https://www.facebook.com/QuantumOfJustice
The movie will make you see "We must get out of the corrupt system and stop the corruption", take away the jurisdiction of the Corporation parading as our government and get back to We the People, the men and women with the inalienable rights to Truth, Justice and Liberty.
Thank you To Doug Boggs and his team for working so diligently for so long to give us an insiders view of the Foreclsosure injustice.
FHA’s Loss Mitigation Program was established in 1996 to ensure that distressed FHA mortgagors were afforded opportunities to retain their homes and to assist in minimizing losses to FHA’s Mutual Mortgage Insurance Fund.
Joining the broadcast today to discuss challenges servicers face specific to loss mitigation in today’s environment is....
Donna Schmidt, Managing Director and Principal at DLS Servicing and Michael Meroney, Director of Business Development and Consulting at DLS Servicing.
MIGHTY THOR RADIO NETWORK PRESENTS;
Our "TUESDAY DEBT SHOW" at 11:00 am EST. Todays show is for Consumers interested in learning an area of Commerce we engage in all to frequent, but many times unknowingly. In fact we generally engage in Commerce as Consumers far more than any other capacity known. In order for us to not fall prey to debt collectors, and on some occassions even Creditors, we must sufficiently learm the rules that governs our Behavior and Conduct as "Consumers" first. Secondly, we then must educate ourselves on state and federal laws that govern the Behavior and Conduct of our commercial servants who are Creditors, and most times Third Party Debt Collectors. Consumers by large are Oppressed and Abused by Debt Collectors illegal tactics and strategies whose only goal is to extract money from them.
THOR was created as an alternative to Consumers falling victim to debt collectors. THOR brings their own style, Strategies and Tactics to keep the debt buying Industry with the four corners of the consumer protection laws. A wrong move against a Consumer by the Debt Collector may result in severe monetary liability.
THOR is one of the most listened to, and most visited internet radio show for education in Consumer Protection and Debt Collection. Consumers has said THOR is Number #1 in dealing with Foreclosure, Credit Card and Defaulted Debt. Lead by our own Host, Founder one we call amongst other affectionate titles the "Illuminator" Brother Sharif brings the information in dynamic fashion where all can understand.
DISCLAIMER: WE ARE NOT ATTORNEYS LICENSED BY ANY STATE.
In light of potential risks to consumers that may arise in connection with transfers of residential mortgage servicing rights, the CFPB recently issued a compliance bulletin and policy guidance to residential mortgage servicers and subservicers. The CFPB’s concern in this area remains heightened due to the continuing high volume of servicing transfers.
Joining the broadcast today to discuss servicing transfers is Jana Lewis, Founder of Advisory Opinion LLC. At Advisory Opinion, Jana counsels clients utilizing her thorough understanding of the legal, monetary and regulatory intricacies of consumer finance, distressed mortgage loans, the capital markets within which consumer debt is traded and serviced.
If you are facing foreclosure in California, or your primary mortgage (1st lien) and your loan servicer is not playing by the rules (i.e. the California Civil Code which dicatates how loan servicers must treat you in the loan modification process, listen in as Attorney Steve, the real estate lawyer, discusses the topic of "dual tracking" (which basically meeans setting you up for foreclosure by filing a notice of default or notice of sale, while also pretending to review you in good faith for a loan modification).
Where there is a violation of California 2923.6 dual tracking and if a wrongful foreclosure results, you could be entitled to up to $50,000 or three times your actual damages (if you have lost equity) this could be HUGE lawsuit against your loan servicer.
in Real Estate
The Consumer Financial Protection Bureau introduces final rules for mortgage servicers. What can you expect with your mortgage bill, how the servicer processes your payments and how a servicer is required to answer your questions and address problems? The future of the mortgage industry to be decided by all the new mortgage regulations. Appraisal Rules for Higher-Price Mortgages Released by Regulators. Mortgage rates moved higher this week. Is there any recourse if your locked rate expires before your loan funds?
in Real Estate
On Community Investor, Host Larry Muck talks with Nick Wooten, Owner at Nick Wooten, LLC, Auburn, Alabama. Wooten began practicing law in 1998 and became deeply involved in the mortgage banking crisis of 2007, obtaining some national attention during the mortgage wars. Wooten’s law firm’s emphasis is to provide representation to consumers related to the misconduct of debt collectors, creditors in bankruptcy court and mortgage servicers.
in Real Estate
On this episode of Community Investor with Host Larry Muck, we'll again discuss the causes behind the mortgage crisis in the United States-and who's to blame. Larry explores the topic with guests Ingrid Beckles, formerly SVP in charge of Default Mortgage Servicing with Freddie Mac, and Bubba Grimsley, bankruptcy attorney, who has been litigating against the major banks and mortgage servicers on behalf of consumers. They'll also address the resulting legislation in place now, and how it may be restricting access to credit in this country. Larry chose to replay this show and emphasize the importance of this subject as nothing is still being done about this topic to date.
Join Host Live Chats
There are no live chats in progress