HomePath Fannie Mae Assistance Fannie Mae (FNMA) has introduced an extension HomePath for Short Sales tool to assist with FNMA short sale challenges. This tool was created to assist in the short sale escalation process dealing with loans with FNMA as the investor. You...
Short Sale Standoff. Each Lien Holder Wants The Others Approval First Prior To Moving Forward In some cases you will find both lien holders unwilling to proceed without the others approval letter. A short sale standoff in the past such as this used to make deals...
Ocwen Purchases GMAC Servicing Rights Ocwen Financial Corporation is continuing to grow at a very rapid rate. They have just won an auction for Rescap’s mortgage servicing and origination assets. What Does This Mean For My Loan? One thing that this means is is...
Freddie Mac Counter Too High! There was an update that took place November 2013 for Freddie Mac’s guidelines. Since this update Freddie Mac counters have been coming back at an all time high. This has caused a huge delay in file processing due to value disputes...
What Is A Soft Decline And Hard Decline In Equator Entail When working a short sale through equator with Bank Of America it is important to be familiar with the two types of decline that can happen in equator. The two types of decline Bank Of America refers to, the...
Equator Update Changes Tasks It’s about time this update has rolled out for Well’s Fargo equator system as previously it was a tedious process of uploading a large volume of documents and completing task after task. This new update seems promising with...
