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BankUnited: We’ve lost our ability to do our own short sales! National Quick Sale picking up their slack.

BankUnited: We’ve lost our ability to do our own short sales! National Quick Sale picking up their slack.

BankUnited, along with becoming defunct, has ceased completing it’s many of its own internal servicing procedures it has offer its investors in the past. One of the latest is that they are no longer processing short sales. In a strange turn of events BU is now...

Bank of America: No More Faxed Short Sales. The world rejoices. (At least mostly.)

Its time to finally put away those 56k modems and those fax machines. Old technology is exactly that; OLD! We ourselves couldn’t be happier but we definitely know that those agents out there that are not technically inclined are either going to give up on Bank...

The “new” FHA Mortgage changes.

Image by Getty Images via Daylife FHA, one of the nation’s largest insurer of mortgage loans (if not the largest insurer to borrowers of a greater risk), every so often comes out with new guidelines that largely influence the way the real estate business gets...

The Mortgage Meltdown

Scott Pelley reports on the mortgage crisis that’s far from over, with a second wave of expected defaults on the way that could deepen the bottom of the U.S. recession. Short Sales are becoming the next big bomb to blow up in peoples hands that have little to no...