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 of America Short Sales, they are either going to use a Premier...
Posts Tagged ‘ Fed ’
HAFA Video: In action but what does it mean to your and your homeowners.
HAFA is not guaranteed as not all lenders will be participating. Investors currently participating in HAMP or the Obama program may continue to participate but it must be understood that many can also back out and choose to no longer participate as these programs are not an obligation and more of a suggestion with...
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 done. Recently there were some moves to try to strengthen...
Aurora Loan Services (Aurora Bank, FSB) Letter of Authorization Time Period
Aurora Loan Services or Aurora Bank, FSB, formerly of Lehman Brother and now on its own two feet operating as a FSB or a Federal Savings Bank, has a time frame automatically set up for letter of authorizations to expire. This is currently set at 90 days but if a homeowner so chooses to...
Home Loans Future Uncertain?
The Fed is meeting January 27th and 28th, and its actions could impact home loan rates! Don’t Wait. Call me before the Fed acts so we can review your situation and determine if there’s anything you need to do. Loss Mitigation Advocates @ Absolute Consultant GroupMLReport.com started in the Loss Mitigation industry in early...
Fed Cuts Interest Rate To 0.25%
The Federal Reserve Cut Rates on Tuesday to an unprecedented level and this will hold sometime to come. What does this mean to the average consumer. Those with adjustable rate mortgages, credit cards, home equity lines of credit and business loans will enjoy a decrease in the interest they are paying on their accounts....