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2008-10-07 Real Estate Home Mortgages - family loan to help with down payment: I don't think you can get a private money second lien thu underwriting. But there are still a few 2nd liens that can close concurrently for great credit borrowers. These are bank loans. No, FHA PMI...
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2008-10-06 Real Estate Home Mortgages - Deed in Lieu of Forclouser: Hi Niki, This morning, Bank of America announced a settlement with many of Countrywide's borrowers, giving them a reduction in payments as well as a reduction in the amount owed on the mortgage. I expect...
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2008-10-05 Real Estate Home Mortgages - Sub-prime mortgages: Hi Steve, Congress indeed pressured Fannie Mae, Freddie Mac and FHA to relax their guidelines starting about 6 years ago, and thus contributed in part to the mess we are facing today. However, those...
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2008-10-05 Real Estate Home Mortgages - Sub-prime loans: it was permitted not a law. But this what happens when rules are laxed and government and banks knew many minorities and illegal people and people who lie with the excuse it's okay if everyone is doing...
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2008-10-05 Real Estate Home Mortgages - Sub-prime Mortgages: sub prime lenders were not backed by the feds and they set their own guide lines.backed mortgage bankers were given mortgages that would "help" borrowers to buy homes and these lenders took advanatage...
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