fha secure: Congratulations Barack Obama! Our Nations 44th President Elect
- 11/05/08 08:28 AM
Last evening, I turned on CNN around 7pm MST, and saw that Barack Obama was up almost 100 electoral votes on McCain and climbing readily. The news anchors could not outright say the election was over, so the Republican Party could save face. But it was a bloodbath in my opinion, and it was clear that our 44th President had been elected long before the polling was complete. With 1 out of 3 people saying that the economy is the number 1 concern for Americans, Barack Obama will have his hands full in trying to turn this mess around. 11 (0 comments)
fha secure: Be Weary Of Loan Modification Companies Charging You Additional Thousands!
- 11/04/08 06:06 AM
It is no question that a big reason the housing crisis started is from unscrupulous lenders lending money to people with no capability of paying those loans back. Stated income, no doc loans, no asset loans etc, got a lot of people in trouble, and made the State of Colorado stomping grounds for every state in the country to market to use, these bad loans. It is no surprise Colorado has one of the most complex licensing requirements for mortgage brokers now, and that it is so strict, that many other states are copying our model, because it is so good. (1 comments)
fha secure: President Bush Signs New Housing Law For FHA .....................Now What????
- 07/30/08 09:20 AM
Who are the participating lenders who are willing to write down these notes to 90%?????? I'm sure we all have a ton of borrowers we know who are upside down on their loans, however what does this law mean, if lenders won't write down their notes? Alot of these servicing companies are privately held, so what would motivate them to negotiate with FHA??? Can anyone clarify on this?? (0 comments)
fha secure: Foreclosure Phoneathons Popping Up Nationwide To Combat Mortgage Meltdown
- 06/04/08 10:01 AM
The foreclosure epidemic continues to sweep across the United States in a rapid fashion as prices on homes are being forced downward 9.72% as a national average. Fannie Mae offices in Virginia opened a foreclosure call center today, and by 10am, they received over 270 calls. Kexington KY, Denver, CO, Phoenix, AZ, and countless other cities are getting proactively involved in educating these distressed homeowners about their options so they can keep their homes out of foreclosure, or at least delay the foreclosure, so they can get back on their feet. Bank owned REO's (Real Estate Owned) are currently at 660,000 (0 comments)