CHASE: 6% rule spreads like pleague… Really it’s killing a lot of deals.

Another one bites the dust. Chase now joining the ranks of other large servicers has put a stop to the amount of money allowed to go to second mortgages. Where once they were one of the last that were reasonable,…

CHASE: As of April the 2nd you better know it all! (Verification Questions)

As of April the 2nd Chase has changed up the verification process once again. At least we have seen this on with EMC (Chase side of the business) and the particular agents we were dealing with work both Washington Mutual…

Bank of America: Puts stop to cash out refinances

Bank of America certainly turned some heads last week when it told its retail loan officers nationwide that the lender will halt, for now, originations of cash-out refinancings, citing what it calls a “surge of refinancing activity” and capacity problems.…