Subprime Cdos

Subprime Cdos
Steve Curnutte on FOX NEWS

Read the rest »

Mortgage Fraud Risk

Mortgage Fraud Risk
Greed, ignorance, and good intentions are the various starting points for mortgage fraud. Whether a person is looking for a home to live in that’s nicer than he can legitimately afford, or he’s looking to flip a property to make a quick buck, mortgage fraud entails lying or hiding information from the bank [...]

Read the rest »

Subprime Lending Legislation

Subprime Lending Legislation
Time is Now to Reform Subprime Mortgage Industry

Read the rest »

Mortgage Modification Plan Guidelines

Mortgage Modification Plan Guidelines
The Obama administration generated a simplified loan modification program that aims to reduce homeowner’s monthly mortgage payments based on their monthly gross income. There are two types of programs under Obama’s plan: The Home Affordable Modification Program and Home Affordable Refinance Program for mortgage refinancing.
How will Obama’s Loan Modification Plan Work?

Servicer [...]

Read the rest »

2008 Subprime Crisis

2008 Subprime Crisis

Question: Understanding the Subprime mortgage crisis?

http://genxfiles.com/2008/09/21/the-mess-that-were-in/
This blog did a great job of explaining the crisis, but how do we get back on track?

Answer: Everybody is looking for a quick fix. A fix which involves little or no pain. Such a fix doesn’t exist no matter what McCain or Obama says. There will be [...]

Read the rest »