Jeri Groves's (coshortsalequeen) Blog

If you haven't had a chance to familiarize yourself with Edward J Pinto (currently a real estate financial services consultant who was Fannie Mae's chief credit officer in the late 1980s), you should.  He's right on in terms of the failures of the HAMP program.  Those of us who work in short sale...

On the "cream-puff" house where the appraisal review came in low, the mortgage broker pulled the loan package from the original money source and placed it with another source.  If the original lender had DENIED the loan (THIS IS IMPORTANT!), that appraisal would have stayed with the FHA file, and...