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« Previous EntriesFather’s Day, Best advise from Dads
Sunday, June 20th, 2010What’s the best advice you got from Dad or the coolest thing you did with Dad?
Share your best 
I am collecting
101 Best Advise from Dads and
102 Best Things I did with Dad
Love to hear your story or video
Here is my best advice I got from My Abba (Dad in Hebrew)
Whenever I had to make a decision between 2 options, my dad always told me to take a piece of paper make a line in the middle from Top to Bottom and Left to right. Write the best and the worst that it would be with each choice. Once the choices were looking at me from the page it was much easier to make a decision. the best choice actually jumps at me.
Florida-Cash for Clunker Appliances
Tuesday, April 27th, 2010Florida-Cash for Clunker Appliances Extended till 5-31-10
By Diane C. Lade, Sun Sentinel April 27 2010, State officials are giving the tens of thousands of consumers participating in Florida’s cash for clunker appliance rebate program until May 28 — 18 days later than the original deadline – to get their energy-efficient products delivered and still qualify for the 20 percent rebate. Read the Rest of the story, Rebate Q&A
Will Congress Refund Your loss due to NO Flood Insurance in Place?
Tuesday, April 13th, 2010Congress Returns to Debate Bill Extending Flood Program
But will they refund You- a Home Buyers the looses due to your Mortgage Rate Lock Expiring?
Home buyers could not close on homes because no Flood Insurance was available. Meantime their Rate Lock expired just in the same time as the Fed stopped buying Mortgage backed Securities which caused the mortgage rate to soar in the last 2 weeks.
Is this a coincidence or what…
All this in addition to the already limping Real Estate market.
Could Congress Be held accountable?
I heard that there’s a new change in loan modification reporting that will help consumers; what is the latest?
Monday, February 8th, 2010November 1st, 2009, brought with it good news for consumers who want to modify their mortgages without lowering their credit scores. It was the first day that a new way of reporting a loan modification to the credit bureaus became available to mortgage lenders.
From this point forward, mortgage lenders can report a loan modification as “Loan Modified Under Federal Government Plan.” This new way to report a loan modification does not have any negative impact to a consumer’s FICO credit scores.
Is your Employment Or Mortgage on the line?
Wednesday, January 20th, 2010Are Mortgage Underwriters NEXT?
Careerbuilder.com reported that 1 in 5 employers (20%) is now checking various social media sites as a pre-employment screening tool. That number is up from 11% in 2006. The same survey indicated about 33% of hiring managers rejected candidates based on what they found while 24% found information that helped the manager make a decision to hire the applicant. Read the rest (buttom of page 1)Print the report.
What does this mean for Mortgage Applicants?
If an underwriter does a search and may find information that is different or contrary to what was on your application you may get a denial, how will this all come to play i don’t know. to keep thigs on the safe side here are 5 simple suggestions:
4th of July and Saturday
Sunday, July 5th, 2009A gift for Happy 4th of July Find YOUR SATURDAY
Click to play it may take a little to load
Get your Saturday http://budurl.com/zq39You’ll be glad you did
Mortgage nightmare HVCC appraisal regulation hurting the already straggling Housing Market
Sunday, June 14th, 2009If you thought the low rates and tax incentives would quell the storm in the Mortgage and Real Estate market, think again. With the implementation May 1, 2009 of the Home Valuation Code of Conduct (HVCC) regulations, loan officers and realtors are no longer allowed to select or influence the selection of appraisers.
The legislation was introduced by New York Attorney General, Andrew Cuomo. It was designed to decrease the likelihood of appraisal fraud by removing the individual most inclined to push for inflated value (the loan officer/realtor). This rogram severed communication with the appraiser. Whereas that may sound logical, the reality is that the extra layer of bureaucracy increases cost, slows down the loan process, decreases customer service and creates an increased potential for miscommunication
Are Subsidized Mortgage Rates Coming?
Thursday, June 11th, 2009Are Subsidized Mortgage Rates Coming?
With mortgage rates returning to levels seen before the Fed pledged to buy up billions in mortgage securities, it might be time to turn to a costly Plan B, subsidizing mortgage rates.
Rising interest rates have already extinguished a short-lived refinance boom, with applications dropping precipitously over the past three weeks.
Mortgage rates, which slipped to a record low 4.78 percent on the popular 30-year fixed as recently as early April, have since risen above 5.50 percent, following the surging 10-year bond yield.
14 Foreclosure Cases Thrown Out The Door
Tuesday, May 26th, 2009Ohio Judge tosses out 14 Foreclosure Cases
IN RE: Foreclosure Cases
CASE NO. NO.1:07CV2282, 07CV2532, 07CV2560, 07CV2602, 07CV2631, 07CV2638, 07CV2681, 07CV2695, 07CV2920, 07CV2930, 07CV2949, 07CV2950, 07CV3000, 07CV3029
CASE: 07-cv-02282-CAB
Fourteen pending foreclosure cases were brought before the district court of the Northern District of Ohio by the Plaintiff-lenders invoking its diversity jurisdiction¹. The Court issued an Order requiring submission of an executed Assignment to show and prove that the Plaintiff was the holder and owner of the note and mortgage as of the date of filing of the complaint. In its amendment of the Order, Court further required the plaintiff to submit an affidavit alleging therein that Plaintiff is the original mortgage holder, or as an assignee, trustee or successor-in-interest. Thereafter, the Court judiciously heard the parties’ arguments.
Report: SubPrime Lenders That Sparked Crises Received Bailout Money
Friday, May 8th, 2009
The days of solely blaming subprime lending for the housing collapse are far behind us (I hope), but the risky, high-cost lending certainly played a hand in the mortgage crisis.
The Center for Public Integrity released an interesting report documenting the actions of so-called “mega-banks,” which supported such lending that set off a global economic meltdown.
Unsurprisingly, 21 of the top 25 subprime lenders were financed or owned by banks that received TARP money.
Investment banks Lehman Brothers and Merrill Lynch both owned and financed subprime lenders, while others like Credit Suisse and Goldman Sachs were major financial backers of subprime lenders.
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