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HAMP: New Changes to Investor Income Valuation, Government reviews and has found clarity.

HAMP: New Changes to Investor Income Valuation, Government reviews and has found clarity.

In an odd turn of events HAMPs guidelines have changed possibly this time for the better. Changes have recently taken place to help try and bring that 18% of successful workouts up a little and this time it’s including Investors. Now before you jump for joy they...
Bank of America: Stop Faxing Me Your Loan MOD Documents! Email Them.

Bank of America: Stop Faxing Me Your Loan MOD Documents! Email Them.

We should set off the fire works for this one. It’s almost like Bank of America is taking a few steps into the future calling out,”’90’s here we come!” OK. So they are still running 20+ years behind on the times but their catching up. In...
Bank of America: BAC Loan Servicing Imminent Default Terms. Do I need to be behind?

Bank of America: BAC Loan Servicing Imminent Default Terms. Do I need to be behind?

Frequently we get a lot of questions but none as much as the question, “Can I apply for assistance without being behind/delinquent?” Usually this is followed by the fact that they were told by everyone they know that they should stop making payments if...
Ocwen: Freddie Mac sets the Matrix Second Mortgages

Ocwen: Freddie Mac sets the Matrix Second Mortgages

Recently in conversations with a negotiator in the Freddie Mac department at Ocwen Mortgage we had an in depth conversation leading us to final result of having a full understanding of their break down paid to Jr. Lien holders. Frequently, lenders in specific, have...
ACG works with Investor Properties (Non-owner occupied) and Chase to save homes from foreclosure.

ACG works with Investor Properties (Non-owner occupied) and Chase to save homes from foreclosure.

Similar to the Indymac non-owner occupied or investment loan modifications are rare at most lenders unless you know the right people. Well at Chase this is no exception. Chase has adopted many of it’s own practices from the new current HAMP/Government program....
CalHFA: We don’t need no stinkin’ government programs, Rs r gud!

CalHFA: We don’t need no stinkin’ government programs, Rs r gud!

Needless to say CalHFA’s  review of loan modification is weak and at best they don’t even look to see if you have your basic requirements for living are met. Many times you will find that they will go through multiple level’s of management prior to...