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  • 00:30

    FHA Loans Questions with Felicia Dosal

    in Business

    Should a Buyer With 20% Down Get an FHA Loan?
    Conventional loans require private mortgage insurance if a buyer cannot put 20% down. FHA loans require mortgage insurance regardless of how much money is put down initially. Conventional wisdom says that buyers should only consider getting an FHA loan only if they cannot put 20% down. This piece will question that position and ask: Should someone who can put 20% or more down consider getting an assumable loan (e.g. FHA) even though the assumable loan would require paying mortgage insurance?

    Several weeks ago, when rates were higher, I asked well known local blogger and Licensed Mortgage Originator Rhonda Porter of mortgageporter.com to run me some numbers on two different loan packages. The first was an FHA loan, which at the time had a 5% rate (5.403 APR). The second was a conventional loan that had a 5.125% rate (5.201 APR). The initial loan costs on each loan were relatively close to each other, and the most significant difference between the loans was that the FHA loan still required mortgage insurance, both an up front amount and monthly amount of $132.44 for the first 60 months.

    Most buyers today probably pick the conventional loan to avoid paying the mortgage insurance. My reason for doing this piece is that FHA loans are generally considered assumable loans. That made me wonder: Can there be scenarios where a buyer would be better off having an assumable FHA loan, even if they have to pay mortgage insurance?

  • THE DAILY COMPLAINT (SLS/INCREASED LOAN PAYMENTS/LIES/UNFAIR PRACTICES/FTC/CFPB)

    in Finance

    TODAY'S SPOTLIGHT:


    SPECIALIZED LOAN SERVICING (SLS) FRAUDULENTLY INCREASED LOAN PAYMENTS AFTER MODIFICATION AND SERVICING TRANSFER LIES TO INSURANCE PROVIDER FORECLOSURE THREATS FTC CFPB HELP


    "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...


     


    Dana Shafman


    Managing Member


    END Consulting


    Phone (888) 234-7006 Ext 101


    Fax (888) 234-7096


    Dana@ConsultingEND.com


    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)

  • 00:33

    THE DAILY COMPLAINT (SPS/CITI MORTGAGE TRANSFER/PAYMENT POSTING VIOLATIONS/CFPB)

    in Finance

    TODAY'S SPOTLIGHT:


    SELECT PORTFOLIO SERVICES (SPS) MORTGAGE TRANSFER FROM CITI PAYMENT POSTING VIOLATIONS AUTOMATIC DRAFT ISSUES RESULTING IN LATE FEES CONSUMER RIGHTS HELP FTC CFPB RESPA RULES


    "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...


     


    Dana Shafman


    Managing Member


    END Consulting


    Phone (888) 234-7006 Ext 101


    Fax (888) 234-7096


    Dana@ConsultingEND.com


     


    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)

  • 00:31

    Crazy Spending By Sports Stars

    in Finance

     Good Morning Family Today we are talking CRAZY. I mean Crazy spending and who better to talk about then the sports superstars. The ones that make buckets of money and still spend crazy. you will laugh when I tell you just how crazy these superstars can get. We are talking Crazy spending today on The Cheap Cheetah Money Show™ Just for fun. So join us and let's talk Crazy togetther.


    www. TheCheapCheetahMoney show.blogspot.com


    www,facebook.com/TheCheapCheetahMoneyShow

  • Ron Siegel Radio Network July 31, 2015

    in Real Estate

    Ron Siegel of Anaheim Hills CA, Lauren Dial of Anaheim, CA, Don Gilmartin and Kurt Szalonek of Corona, CA discuss: current events, financial markets, politics, and even poking fun at the rest of the media in a live radio broadcast from Anaheim CA on ESPN and NBC Talk Radio. 


    Ron, Lauren, Don and Kurt discuss: How Does Professional Management Enhance Your Rate of Return on Rental Property; How Do Professional Property Managers Address Client Retention; How Can You Prepare For The Predicted El Nino Event This Coming Year; 4 Reasons to Buy a Home Now; Stop! Before You Co-Sign That Loan, Consider These 4 Things; Interest-Only Mortgages Are Back; Mortgage Minute; Your Credit Matters; Real Time Real Estate; Word on Wealth; The SLT will Provide a Complementary Real Estate Action Plan (R.E.A.P.) Semi-Annually, and so much more.


    Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family.


    Reach Ron at                  


    ·         800.306.1990 


    ·         Ron@RonSiegelRadio.com


    ·         www.RonSiegelRadio.com


    ·         Award Winning www.SiegelLendingTeam.com at VIP Mortgage


    ·         Twitter: @RonSiegel


    ·         www.Facebook.com/RonSiegelRadio

  • 00:56

    Ron Siegel Radio Network July 30, 2015

    in Real Estate

    Ron Siegel of Anaheim Hills CA, Jenae Noonan, Covina, CA and Tiffany Avans, Pomona, CA discuss: current events, financial markets, politics, and even poking fun at the rest of the media in a live radio broadcast from Anaheim CA on ESPN and NBC Talk Radio. 


    Ron, Jenae and Tiffany discuss: What Jenae’s new book is all about; What are the Benefits we can learn by overcoming challenging situations; Are Home Values Really at Record Levels; Help! I’m Getting Divorced, How Do We Split Our Credit; 6 Social Security Withdrawl Strategies Everyone Should Know; Mortgage Minute; Your Credit Matters; Real Time Real Estate; Word on Wealth; The SLT will Provide a Complementary Real Estate Action Plan (R.E.A.P.) Semi-Annually, and so much more.


    Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family.


    Reach Ron at                  


    ·         800.306.1990 


    ·         Ron@RonSiegelRadio.com


    ·         www.RonSiegelRadio.com


    ·         Award Winning www.SiegelLendingTeam.com at VIP Mortgage


    ·         Twitter: @RonSiegel


    ·         www.Facebook.com/RonSiegelRadio


          


     

  • 00:57

    Ron Siegel Radio Network July 28, 2015

    in Real Estate

    Ron Siegel of Anaheim Hills CA and Lisa Lewis of Anaheim, CA discuss: current events, financial markets, politics, and even poking fun at the rest of the media in a live radio broadcast from Anaheim CA on ESPN and NBC Talk Radio. 


    Ron and Lisa discuss: What Happens When the Kids, Mom and Dad Entrusted in Their Estate Plans, Fail To Step Up In the Time of Need; Is There a Difference Between an Estate Attorney and an Elder Law Attorney; Buyer Demand Continues to Outpace Housing Supply; The Surprising Way Your Job Can Impact Your Mortgage; Two Year Degrees That Yield the Best Job Prospects; Mortgage Minute; Your Credit Matters; Real Time Real Estate; Word on Wealth; The SLT will Provide a Complementary Real Estate Action Plan (R.E.A.P.) Semi-Annually, and so much more.


    Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family.


    Reach Ron at                  


    ·         800.306.1990 


    ·         Ron@RonSiegelRadio.com


    ·         www.RonSiegelRadio.com


    ·         Award Winning www.SiegelLendingTeam.com at VIP Mortgage


    ·         Twitter: @RonSiegel


    ·         www.Facebook.com/RonSiegelRadio

  • 00:57

    Ron Siegel Radio Network July 27, 2015

    in Real Estate

    Ron Siegel of Anaheim Hills CA and Krista Lombardi of San Diego, CA discuss: current events, financial markets, politics, and even poking fun at the rest of the media in a live radio broadcast from Anaheim CA on ESPN and NBC Talk Radio. 


    Ron and Krista discuss: The 15 Year Mortgage is it good and are the commercials geared to “Bait and Switch”; What Happens When You Stop Communicating With a Real Estate Listing Agent; How Many Visits to a Newly Purchased $1M+ Home Does It Take to Place a Coffee Maker; 5 Reasons You Should Sell Now; 6 Credit Cards That Can Help Get Your Debt Under Control; USA Today, Reverse Mortgages Help Retirees; Mortgage Minute; Your Credit Matters; Real Time Real Estate; Word on Wealth; The SLT will Provide a Complementary Real Estate Action Plan (R.E.A.P.) Semi-Annually, and so much more.


    Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family.


    Reach Ron at                  


    ·         800.306.1990 


    ·         Ron@RonSiegelRadio.com


    ·         www.RonSiegelRadio.com


    ·         Award Winning www.SiegelLendingTeam.com at VIP Mortgage


    ·         Twitter: @RonSiegel


    ·         www.Facebook.com/RonSiegelRadio

  • 00:57

    Ron Siegel Radio Network July 24, 2015

    in Real Estate

    Ron Siegel of Anaheim Hills CA, Jeff Ball of Whittier, CA  and Taylor Wilson of Irvine, CA discuss: current events, financial markets, politics, and even poking fun at the rest of the media in a live radio broadcast from Anaheim CA on ESPN and NBC Talk Radio. 


    Ron, Jeff and Taylor discuss: How Does Government Banking Regulation Trickle Down To Your Pocket Book; Is there Really A Difference in Luxury Homme Insurance And Basic Insurance; Featured Home at 7620 E Corto Anaheim Hills…MBELinks.com/Prop0724; Cost Across Time; Who Do I Call If I Lost My Social Security Card; California Arizona Reverse Mortgage Volume Counters National Trend; Mortgage Minute; Your Credit Matters; Real Time Real Estate; Word on Wealth; The SLT will Provide a Complementary Real Estate Action Plan (R.E.A.P.) Semi-Annually, and so much more.


    Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family.


    Reach Ron at                  


    ·         800.306.1990 


    ·         Ron@RonSiegelRadio.com


    ·         www.RonSiegelRadio.com


    ·         Award Winning www.SiegelLendingTeam.com at VIP Mortgage


    ·         Twitter: @RonSiegel


    ·         www.Facebook.com/RonSiegelRadio

  • Ron Siegel Radio Network July 23, 2015

    in Real Estate

    Ron Siegel of Anaheim Hills CA and Fred Fascenelli of Orange, CA discuss: current events, financial markets, politics, and even poking fun at the rest of the media in a live radio broadcast from Anaheim CA on ESPN and NBC Talk Radio. 


    Ron and Fred discuss: Why should I use a Private Attorney on a Criminal Matter; What are the Special Programs For Veterans Who Get In Trouble in California; Can Veterans Afford Your Services; Texas Lawmakers Introduce Bill to Eliminate CFPB; Freddie Mac, Equity Matters (a lot!); 4 Financial Resources for Active Military; Mortgage Minute; Your Credit Matters; Real Time Real Estate; Word on Wealth; The SLT will Provide a Complementary Real Estate Action Plan (R.E.A.P.) Semi-Annually, and so much more.


    Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family.


    Reach Ron at                  


    ·         800.306.1990 


    ·         Ron@RonSiegelRadio.com


    ·         www.RonSiegelRadio.com


    ·         Award Winning www.SiegelLendingTeam.com at VIP Mortgage


    ·         Twitter: @RonSiegel


    ·         www.Facebook.com/RonSiegelRadio


          


     

  • 02:07

    Student Debts, And whats your take on it?

    in US Government

    What do you think about student debt? If your like me, you're sitting pretty high on top of a ginormous mountain of school loans wondering, "How in the hell am I gonna get down?!". I was once told incurring debt for educational purposes was ok and a good thing. However, as the years passed, the loans are due, and the reality is...you're not earning enough money to pay the debt back and meet all of your normal responsibities. Sounds like a set-up to me...the notion of a good job falling into your lap after college is pure myth. The reality is a lot of us have part-time jobs and are struggling to make ends meet. So tonight you will have the opportunity to call into our studio and voice your opinion on this matter. As well as offer some sort of solution to an ungoing problem on the behalf of student loans. But in the first hour we will have the pleasure of welcoming into our Diversity's red carpet room, sucessful Author, Ms Kai Storm. She's just hours away from bracing our studio with her presence. Get prepared as she takes us all on a trip into her world of many accomplishments as a brilliant Writer/Author. Stay tuned for this fiya show tonight!!!. Only on blog talk radio.