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Hundreds of new mortgage-industry rules in recent years have undoubtedly slowed the housing recovery. Now it appears that all of that regulatory effort could be undone. Should it? Continue reading
Help to advocate these changes now — talk to friends and business acquaintances, and most importantly contact your representatives in Congress. These changes are needed this year! Continue reading
What’s going on with rules affecting mortgage lending is horribly misguided …. “AARRGGGHHHHHH!”
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Fewer homeowners nationwide were upside down in 3Q ’10 compared to 2Q ’10. That’s good. What it means is less certain. Continue reading
What is largely missing from the discussion is that the properties and property owners involved are on lenders’ foreclosure lists for a reason — mortgage default. Every real estate closing that involves mortgage financing includes paperwork that basically says “no pay, no stay.” Continue reading
Again, thank goodness that mortgage lenders have decided they prefer working with borrowers who are likely to make their payments. This pendulum is swinging WAY too far in the other direction, though. Continue reading
For those of us who work with home buyers and mortgage lenders routinely, it has been clear for a long time that mortgage underwriters were getting more cautious — and rightfully so. This is Fannie Mae’s latest move to reduce mortgage loan defaults. Continue reading
This website does a good job of outlining the steps in a Texas foreclosure, and in providing good general information about some alternatives. Continue reading
This op-ed piece from RISMedia offers an attractive option that is worth exploring — equity sharing, true cooperation between lender and borrower. Continue reading
There is a new program available for homeowners in financial distress — HAFA. Continue reading
Bill Morris on Austin Real Estate 