Author Archive

The new short sale timeline Implemented by Fannie Mae and Freddie Mac

Wednesday, May 16th, 2012

Fannie Mae and Freddie Mac are employing a new course of action to quicken the short sale system. On June 15th, rulings on short sale bids can be anticipated within 30-60 days. New specifications have been laid down by the GSEs to generate a faster and more lucent short sale route.

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New Jersey Home Mortgage Loan eliminates the financial problem

Monday, April 23rd, 2012

The need for finance is simplified with the help of New Jersey Home Mortgage Loan and you can use the amount for any purpose.

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FHA Increasing Mortgage Insurance Premiums

Wednesday, March 7th, 2012

In a step to bolster its reserves, and prevent the need for a taxpayer bailout, HUD is increasing the amount buyers pay for mortgage insurance beginning April 1, 2012. This move is expected to generate an additional $1.25 Billion through June 2013.

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Basic tips on Home Loan Modification

Wednesday, January 25th, 2012

In the loan modification marketplace, you will see all kinds of practitioners. A very good number of these are fakes. Since the economic recession, loan modification services are springing up in every nook and corner of the United States. To an unsuspecting consumer, all are the same. They are all not the same. You must be careful while searching for loan modification. You also need to arm yourself with the basic knowledge to help you identify the fakes amongst them.

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Understanding the concept of Reverse mortgage Texas

Thursday, December 15th, 2011

There are many seniors who would be suffering financially after their retirement. One of the very advisable options would be reverse mortgage Texas. But you need to have some basic knowledge before you make the selection.

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HUD Clarifies and Updates Guidance on Refinances

Wednesday, May 25th, 2011

Recently, HUD has issued a Mortgagee Letter 2011-11 regarding refinance transactions. The purpose of the Mortgagee Letter was to clarify and update guidance to mortgagees regarding FHA refinances.

How Fast Is Money Released From a Remortgage Loan?

Wednesday, April 27th, 2011

When you obtain a new remortgage loan, conveyancing solicitors set into motion a plethora of legal procedures. Of course, this is a process which takes a fair amount of time to complete. But just how long will it take for you to receive your money?