BAC Home Loans Servicing, LP., or Bank of America, wants you to know what all those auto responders mean. In a recent email sent out on August 17, 2010, BAC sent a message about the changes that had taken place over a month ago on July 15th to their partner’s website (Equator.com). It goes into explaining...
Many times we find the homeowners wait till the last minute to find assistance. As homeowners used to have a little more leniency during the slow times but now an already battered system is starting to fight back. At this time CalHFA is another lender in a long line of mortgage servicers tightening up their guidelines. They have...
Aurora Bank FSB, just stepping in to this crazy industry on its own two feet and out from under the umbrella of the now collapsed Lehman Brothers, has found that it is completely overwhelmed under the current weight of the market. What was once acceptable to complete with in certain time frames has not...
REOTrans, now supposedly going by Equator (no information available on their website yet), has teamed up with BAC-Bank of America for a new short sale real time processing scheme. So far the details are scarce as we have already started working with Bank of America on this program but there is no standardization for...
Wells Fargo currently is offering the option of short refinancing or commonly referred to as a short refi as long as you qualify. For those that would ask, “What is a short refinance?” This is when the bank/lender/loan servicer allows a homeowner to pay off their current mortgage with new financing many times from...
With the sub-prime meltdown well on its way Washington Mutual, one of the largest casualties, was still operated at full strength with out missing a beat with Chase backing it up after its take over that happened earlier this year. Well it seems like Washington Mutual is falling apart as today we received a...
America’s Servicing Company (Wells Fargo) has long standing been a difficult lender to deal with. Whether it is their poor review process or their agents that have a lack of understanding of how the processes work it is too bad that they have only had to make things tougher on individuals applying for assistance....
For those just tuning into the mortgage industry welcome to the constant roller coaster of ups and downs with the regulations and procedure changes. IndyMac mortgage servicer being no stranger to this have recently yet again change their foreclosure arrangement policies. If it is because of the One West Bank buy out or the...
Mortgage Insurance and Premium Mortgage Insurance are instruments that are used to secure the bank’s investment in it’s customer’s homes when the borrower initially borrows over 80% of their property’s loan to value. These claims may vary in different types of coverage depending on the thresholds set at their inception. An example of this...
MLReport.com provides resources but does not warranty the use of any items. These are packages that were received by ACG in the processing of mortgage assistance applications for their clients. At some point in time these were the package being provided by those lenders. ACG will do there best to keep these updated but...