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- POST: Wells Fargo: Waive your principal goodbye; for now. - http://bit.ly/aRQ9iZ #shortsale #foreclosure #mortgage 2010/07/28
- POST: Wachovia: ACG connects with Wells Fargo for Bulk MOD Underwriting - http://bit.ly/9OlO1n #shortsale #foreclosure #mortgage 2010/07/27
- POST: Litton Loan Servicing: The treasury says 14 days for HAFA. Make it 30. - http://bit.ly/aVP0JZ #shortsale #foreclosure #mortgage 2010/07/26
- Mortgage Lender Report - NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dro... http://aweber.com/b/PT1a 2010/07/19
- POST: MHA/HAMP/HAFA: Harsh rules leaving many homeowners in trouble. - http://bit.ly/c1wcfc #shortsale #foreclosure #mortgage 2010/07/19
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Latest Headlines
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Fannie Mae: 30 Days or less to a Foreclosure Sale you need at least 25% down for help!
Posted on May 26, 2010 | No CommentsFannie Mae in another attempt to tighten its servicing belt has decided to release new servicing procedures that are only going to make it tougher for those homeowners who find themselves in an already tough position. Starting as of this month they have increased their precautionary... -
Fannie Mae: As if it wasn’t already tough enough you better have a game plan!
Posted on May 23, 2010 | 2 CommentsRecently GSE Fannie Mae rolled out new guidelines guiding the servicers on how to manage its portfolio. Stating that it wants its borrowers, if they are in an active foreclosure and if they have a sale date within 14 days, the only acceptable remedy to stop foreclosure... -
ACG and Wachovia connect for BULK Short Sale Processing
Posted on May 21, 2010 | No CommentsStarting in 2005, Absolute Consultant Group’s(ACG) counselors sought out to solve mortgage problems no longer from the confines of Countrywide’s Loss Mitigation Department. At that time they were part of one of the largest lenders in the world helping service a portfolio topping a trillion dollars. Since then ACG has set its... -
Equator.com: If you aren’t doing short sales, what are you doing with your time?
Posted on May 21, 2010 | No CommentsToday we received the message below from the CEO of Equator just was we are sure many of you did as well. Finally someone is calling you out and its the big brother! In a bold statement the e-mail was titled: Have you jumped on... -
Fannie Mae: Submit your short sales 21 days prior or its too late for a short sale.
Posted on May 20, 2010 | No CommentsFannie Mae for being a government sponsored enterprise and all the support they are receiving from the government and the Obama Administration (HAMP, MHA, HAFA,Hope For Homeowners, etc.) seem to be tightening their belts more than anyone else. We for one seem to think that it is strange... -
BAC Loan Servicing LP (Bank of America): Deficiencies… Now its on you!
Posted on May 20, 2010 | No CommentsImage via Wikipedia Foreclosure deficiencies are one thing… those are usually depending greatly on the type of loan you had prior to the home going to foreclosure but these days there are new laws waiting to be rewritten on the banks ability to pursue you... -
Bank of America: BAC Loan Servicing removes 90 day listing rule for Deed-in-Lieu Applicants
Posted on May 11, 2010 | No CommentsImage via Wikipedia In has been the position of many lenders that they would like their borrowers to attempt to sell the property prior to applying for a deed-in-lieu of foreclosure. These days we find that there is not always one solution for homeowners that... -
Breaking: Chase sneaking in Second Mortgages on their Homeowners?
Posted on May 10, 2010 | No CommentsWe’ve been dealing directly with loss mitigation for just about a decade now. With direct stories coming from our experiences on the front lines we have seen that Chase, specifically confirmed with the Washington Mutual twice, we were advised that money needed to be paid... -
Loan MOD Review redacted from Wells Fargo/ASC Short Pay Off Guidelines.
Posted on May 10, 2010 | 2 CommentsRecently it is becoming more and more apparent that the Loan Modifications are in many cases hurting those that it first set out to help. Specifically the participants of the HAMP Program have found themselves scrutinizing the creators of the program (namely the U.S. Government and... -
Bank of America: No More Faxed Short Sales. The world rejoices. (At least mostly.)
Posted on April 11, 2010 | No CommentsIts 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 of America Short...
