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Loan Modification

Blown Mortgage

Blowing the lid off the Mortgage Industry
By Morgan Brown

Post Frequency: 8.5/day

Last Entry: May 14, 2013 at 23:28:07

USDA Loan Boundary Changes October 2013

Posted on May 14, 2013
The USDA loan is popular with many people who are interested in buying a home because it is one of the few loan products that offers true 100% financing and has no mortgage insurance. Those are 2 of the most popular reasons that people love it – so why doesn’t everyone have a USDA loan? Because USDA guidelines require that the home is located in an area that is designated a ?rural? geographical area...

VA Loan After Foreclosure

Posted on May 13, 2013
It is possible that in as little as 2 years after a foreclosure has happened, a Veteran with Basic Entitlement in place (or restored) can possibly qualify for a new VA loan. Of course, the final say is going to be up to the underwriter at the VA approved lender – but it is possible...

Millions Ignore The Presidents Refi Advice?

Posted on May 08, 2013
When the President speaks, do people listen? Maybe, maybe not. But one thing is certain – at least one financial marketing company is claiming in their ads that “millions ignore the President’s refi advice”. Do they? Millions Ignore The Presidents Advice: Less Every Day Ok, so many people have heard President Obama talk about The Home Affordable Refinance Program (also called a HARP refinance or the “Obama Refinance”) and many have not done what it takes to figure out if they qualify for the HARP program or not...

Citibank HARP Refinance Program

Posted on May 04, 2013
Citibank HARP Refinance Program: Know Your Options Of all the refinancing programs offered in Bank of America, none would probably be as popular as the HARP refinance program. Introduced in 2009 (and recently extended up to 2015), HARP is a federal government program designed to assist 5 million Americans whose homes are underwater or near-underwater to refinance their loans into a lower monthly payment...

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Chase VA IRRRL Streamline Refinance Program

Posted on May 03, 2013
For veterans who have VA loans through JPMorgan Chase, there is some great news: you can drastically lower your payments through the VA IRRRL streamline. Also known simple as the VA streamline refinance, this streamline refinance program lets active and retired service members refinance their existing VA mortgage to make it easier and cheaper to pay off...

PMI: Private Mortgage Insurance in 2013

Posted on May 02, 2013
Private mortgage insurance has changed a lot since the real estate market crash – companies have changed their policies, went out of business or just stopped offering products altogether. In today’s mortgage market, there are basically a small handful of options when it comes to PMI – Private Mortgage Insurance...

Citibank FHA Streamline Refinance Program

Posted on May 02, 2013
If you currently have an FHA loan and make your payments to Citibank, you have probably wondered if your bank supports the FHA streamline refinance program. Though FHA loans are comparably cheaper compared to other loans, FHA streamline refinancing makes it even easier to repay your mortgage at lower interest rates...

125% Refinance Options: HARP, FHA or VA Streamline Explained

Posted on April 30, 2013
Many people across America are in a situation where they owe more than their home is worth. In other words, they owe more on their mortgage than the market value of their home. Some people have an LTV of 105%, some have an LTV of 125% and some have an even higher LTV...

Subprime Mortgage Loans Coming Back in 2013

Posted on April 29, 2013
Did you think that we had seen the end of the subprime home loan? We probably haven’t. In many parts of the country, lenders are rolling out the subprime mortgage loan for people who can’t seem to qualify for a traditional loan. A recent article in the LA Times points out just a few of today’s subprime mortgage borrowers and the subprime lenders who are happy to lend to them...

HARP Refinance If You Are Unemployed

Posted on April 27, 2013
The HARP refinance program was announced by President Obama in 2009 and since then millions have taken advantage of lower rates and saved money on their mortgage each month. If you haven’t taken advantage of the HARP refinance program and have been wondering when the right time is – well, chances are that rates really can’t go much lower...

President Obama Waives Refinance Requirements 2013

Posted on April 27, 2013
If you are searching for information about President Obama waiving refi requirements and some special kind of refinance, you have come to the right place! The Obama Refinance Program (which has become a popular name for it) is actually the Home Affordable Refinance Program or as people normally call it “HARP”...

HARP Streamline Refinance Program

Posted on April 25, 2013
Is there such a thing as the HARP Streamline Refinance Program? Yes and no. Yes, there is a HARP refinance. Yes, there is a streamline refinance (both the FHA streamline and the VA streamline refinance). But no, there isn’t a program called the HARP streamline refinance...

Fannie Mae HARP Direct Mail Marketing

Posted on April 25, 2013
Soon, many people will be getting a piece of mail from a lender that talks about the benefits of the HARP refinance program. The HARP refinance program is designed for people who currently have a loan that is owned by Fannie Mae or Freddie Mac to refinance and take advantage of lower interest rates – regardless of how much they owe on their home...

FHA HARP Refinance Program

Posted on April 24, 2013
Many people currently have an FHA loan are wondering just what exactly the new HARP refinance program is all about. The HARP refinance is also sometimes called the Obama Refinance Plan because it is the one that you see President Obama on the news talking about where the administration is making it easier for people all across America to refinance their homes even if they are under water...

Home Buyers Choice 100% Financing Program From Navy Federal Credit Union

Posted on April 23, 2013
At least one lender out there is coming out with a unique 100% financing program for people who are interested in buying a new home. Navy Federal Credit Union is offering a product that is a conventional, 30 year fixed rate mortgage for up to 100% of the homes value and have given it the name of “Home Buyers Choice Program”...

Chase Refinancing Programs 2013

Posted on April 18, 2013
Have you noticed lately that interest rates are at historic lows? If you are currently with Chase, chances are that you are at least thinking about calling someone to help you with your refinance – and wondering how to get the best deal. Chase is a big, big bank and being a big bank has several advantages to being a small bank – but it doesn’t mean that they are the only bank in town...

Are VA Loans Assumable

Posted on April 18, 2013
When interest rates rise, many people become interested in assumable loans because loans taken out in the past are at a lower interest rate than you can currently get a mortgage for. Two of the most popular mortgage programs are FHA loans and VA loans – and many people know that FHA loans are assumable, but are VA loans assumable? Are VA Loans Assumable? In order to find out if VA loans are assumable, the VA manual on loans is the source of the answer...

Getting an FHA Loan after Foreclosure

Posted on April 18, 2013
Many people who bought their home at the height of the real estate boom in the mid 2000′s and ended up going through foreclosure are now looking at what it takes to be a homeowner again. Anytime someone goes through financial hardships, their credit score takes a hit and chances are that they most likely will have less than perfect credit for a long time...

Kiddie Condo Mortgage Loans

Posted on April 18, 2013
Is your son or daughter about to head off to college? Congratulations – it is a big step. In the event that you found this post, that means you are at least thinking about buying a condo somewhere near campus and trying to figure out if it makes financial sense and what the options for a mortgage are...

LPMI Programs Making a Comeback in 2013

Posted on April 18, 2013
LPMI loan programs are making a comeback in 2013 thanks in part to the continued rising costs of getting an FHA loan and the cost of UFMIP and MIP. FHA UFMIP and MIP Explained When you take out an FHA loan, you are required to pay both an up-front mortgage insurance premium and then an ongoing monthly insurance premium that the lender collects as part of your monthly mortgage payment and then forwards on to HUD...

Obama Refinance Program 2013

Posted on April 17, 2013
Many people are searching for more information about the “Obama Refinance Program in 2013” and based on the amount of media coverage of President Obama talking about refinancing their homes – it’s no wonder why. But is there a refinance program called the “Obama Refinance Program”? Not officially...

Chase VA IRRRL Streamline Refinance Program

Posted on April 15, 2013
For veterans who have VA loans through JPMorgan Chase, there is some great news: you can drastically lower your payments through the VA IRRRL streamline. That is the good news – but keep reading for one simple tip that can save you money when speaking with people about possibly participating in the VA streamline program...

Chase Bank HARP 2.0 Refinance

Posted on April 13, 2013
Because Chase is one of the larger mortgage servicers in the US, many people who are interested in the HARP refinance program are asking the question: Does Chase Bank do HARP 2.0 Refinances? The good news is that yes, Chase Bank does HARP refinances and they are one of the bigger lenders who can help you refinance your house if you meet the HARP guidelines...

Wells Fargo HARP Refinance

Posted on April 13, 2013
Many people have seen all over the media President Obama talking about the HARP Refinance program and are currently making their payment to Wells Fargo because they are one of the biggest banks in the nation. Based on a recent announcement, the HARP program has been extended until 2015, so you will be hearing even more about it over the coming years...

US Bank FHA Streamline Program

Posted on April 13, 2013
US Bank does a pretty nice job of letting the people who currently have a FHA loan with them that they may be eligible for the FHA streamline refinance program and that they may be able to save money each month. Which is why many people are currently searching for more information on “the US Bank FHA streamline program”...

Bank of America HARP Refinance

Posted on April 12, 2013
Thinking about doing a HARP Refinance with Bank of America? You are not alone. The HARP refinance program has been one of the most popular refinance programs since it was introduced in March of 2009 (and it recently has been extended until 2015). Announced in March 2009, HARP is a federal government program designed to help 5 million underwater or near-underwater homeowners refinance into a fixed loan with a lower monthly payment...

Chase Bank FHA Streamline Refinance Program

Posted on April 12, 2013
Are you currently in a FHA loan with Chase Bank and thinking about doing an FHA streamline? You are not alone. Chase does a relatively good job of telling their customers about the FHA streamline program. That said – if the web is any indication, the people who have Chase Bank as their lender are searching for more information about the FHA streamline program and asking: Does Chase Bank have an FHA streamline refinance program? Chase Bank FHA Streamline Refinance: What You Want To Know The simple answer is yes, Chase is an FHA approved lender and has loan officers who can help you refinance your FHA loan with the FHA streamline program...

Wells Fargo FHA Streamline Refinance

Posted on April 11, 2013
Many people who currently have a FHA loan that is owned by Wells Fargo are searching for more information about the FHA streamline program and what kinds of things you need to do in order to qualify. Are you asking yourself the question: Does Wells Fargo have a FHA streamline refinance program? The good news is yes, Wells Fargo can help you with a FHA streamline refinance – and the better news is that there is one thing you can do to increase your chances of getting the best possible deal on your loan … shop around...

Bank of America FHA Streamline Refinance

Posted on April 11, 2013
When interest rates are low, everyone wants to refinance. And if you are currently in an FHA loan, one of the most popular refinance programs – the FHA streamline refinance – is often marketed by lenders as an easy way to refinance and save some money...

HARP Extended until 2015

Posted on April 11, 2013
The HARP refinance program has been extended for a minimum of two more years according to FHFA who put out the announcement today. Before the announcement, the HARP program was set to expire at the end of 2013, but now the program will continue until the end of 2015...

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