Ar_home_b_search
 



fha secure: Mortgage Companies and Banks Do Not Run The Mortgage Industry - 09/05/08 11:05 AM
Neither do the investors.
Neither does the government.
A couple of weeks ago I was on a conference call for wholesale lenders and mortgage brokers with HUD Deputy Secretary Jim Beavers who is in charge of FHA's Single Family Housing Products. Jim "fussed" at the wholesale lenders for writing their own rules above and beyond what FHA's guidelines allow for. He gave them/us an earful about how FHA Secure has been treated by the lenders.
I agreed with him. Lenders have treated FHA Secure like the piece of garbage it is. Designed to help homeowners (originally) who were behind in their … (9 comments)

fha secure: Not HUD Appoved Not to worry!Earn 5K or more per deal! - 09/04/08 01:36 PM
I think I have made my position perfectly clear on this. I absolutely DETEST rule breakers. Not only that but I gather all the evidence I can and send it all to HUD. From the mouth of Jim Beavers to my ears, "We will no longer tolerate lenders accepting applications and paying fees to unapproved brokers, consultants, originators, advisors, or by whatever name they are called. I am personally making it a priority to shut down these operations immediately."
So, do me a favor loan officers, brokers and lenders. When you receive an email like the one I just recieved by … (2 comments)

fha secure: Crucial Conference Call on HR3221 FHA Deal Killing Changes NOW - 08/15/08 09:25 AM
Join me and my guests for this very crucial conference call regarding the changes mandated by HR 3221 (Housing Rescue Bill) and how it WILL affect your transactions. It is urgent because this is in play now - not at some phantom future date - and many of you will be caught in the cross fire. Especially if you do not know the Seven Deal Killers that are in play right now.
This is probably the most important conference call you will participate in this year. It contains assembled information not available from any other source of this type at this … (0 comments)

fha secure: Crucial Information About FHA and Down Payment Assistance - 08/14/08 09:51 AM
I will be slowly, for the sake of accuracy, disseminating the changes in lending laws that will directly impact your world. In HR 3221, American Housing Rescue and Foreclosure Prevention Act of 2008, is filled with good and bad. Unfortunately the bad outweighs the good. But let’s look at what we need to know now to avoid being ensnared by a couple of the traps in this bill that will definitely impede your ability to get people into homes.
RESERVE YOUR EMERGENCY CONFERENCE CALL LINE RIGHT NOW - only 25 lines available
This is an ACT NOW warning and I … (6 comments)

fha secure: HUD Putting The Foot Down on Unapproved Brokers - 08/12/08 10:30 AM
I love it when I'm right. For months I have been challenging these renegade lenders allowing unapproved brokers to send FHA loans in and be compensated saying it is a violation of HUD's policy and an impingement on the public trust. "No, no, no, Ken. We have a letter from HUD okaying the way we do it", said my friend.
"Right", replied Ken. "Just because the name is Perfect doesn't mean the ethics are."
On June 20, 2008, HUD issued Mortgagee Letter 2008-17, to remind lenders and brokers of FHA existing policy regarding the use of non-approved mortgage brokers in the … (5 comments)

fha secure: FHA Secure - 09/09/07 12:04 PM
FHA Secure Refinance already needs some help being honest on the market and it hasn't yet even been born! In fact, the industry is currently pregnant with expectation for this loan, called simply FHASecure (FHA Secure), but in fact is designed for a very small filter of borrowers. This FHA Secure Refinance is designed explicitly for the purpose of providing a refinance opportunity to strong credit borrowers who have gone into default after the adjustment period on and Adjustable Rate Mortgage.
Here are some absolutes about this loan:
Borrower must have strong credit and job history.Borrower must not have missed any payments before … (1 comments)

 
Kenpress-large Rainmaker_large

Ken "Yes You Can" Cook

Marietta, GA

More about me…

Ken Cook, Web Dev, Brand Strategist 678-439-8683

Address: Atlanta, GA, 30339

Office Phone: (678) 439-8683

Cell Phone: (678) 439-8683

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog