Citi and Dubai Secret Dealings Overheard

There was some fascinating news today in the loss mitigation cubicle about Citibank and Dubai. Apparently there were billions of dollars secretly traded between Citi and Dubai and this is what we overheard at Citibank’s loss mitigation department. I can’t type too much about it yet because I will have to do that on another day.

Just remember when you hear on the news about Dubai and Citi there is more to the story. Part of it has to do with Justin Timberlake wearing a turban. Stay tuned for more and for how the loss mitigation department for Citi reveals the rest next week. See ya!

Update on Principal Reduction Stats

There are many principal reduction loan mods at bank of america. Take this loan modification analysis into account. Mr Simpson is on the verge of receiving a reduction of principal and a loan mod as well. Larry Linkler always has the final word on the principal reduction of a refinance or a loan mod. Wells fargo is not too keen on principal reductions and lunch breaks for loss mitigation.

Secrets of Florida Realtors & Foreclosure ALerts in Florida

I’ve been asked to elaborate on the Florida real estate agents and the short sale foreclosure defense of all those in the uniform commercial code caliber of attorney expertise. This is not unusually. A scathing review of Litton loan Servicing reveal that the pooling and servicing agreements on the short sale of real estate remained largely unharmed. Frequently this leads to real estate agents with expired listing in Florida short sales which cannot become sufficiently funded with FHA mortgage loans.

More on the Florida defense fund for inhibited second mortgage license sold to debt collectors and the absolute defense of having paid all sums to a florida foreclosure defense attorney by way of retainer. Avoiding foreclosure defense may be as easy as the real estate agent had discussed in the previous FHA mortgage obsolete marathon. It is a marathon of foreclosure defense attorneys litigating their way to the mortgage epitome of an FHA lenders old dusty files – none of which have been checked thoroughly with a forensic loan audit.

Expert FHA Loan Training

This is teh expert fha training post where I am seeking more fha training. If the fha training is free then it will be free fha training. Free FHA training is really what I am seeking.

Please post a comment and let me know that the FHA training for HUD mortgage programs will be available by recording or conference and post the link. Thanks!

Refinance FHA loan to 5% rate

Many people are refinancing the FHA loan they have down to a 5% interest rate through a little know program called the FHA streamlined refinance. You may have an FHA loan that has a rate higher than 5% and if so then you too can refinance through the FHA streamline refinance program down to a 5% interest rat. The process does not require an appraisal from what I am told. The process is very simple. You must already have an FHA loan with a rate higher than 5%. For more information on the FHA streamline refinance, take a look at what the other blogs are saying about the refinance program with FHA. 5% is a nice rate I am told by Larry Linkler the FHA genious.

FHA streamine refinance

Florida Foreclosure Stories Starring Miss Foreclosure!

Mrs Foreclosure said her crusade was born out of experience. Over and over again, she said, in her cases and those of other attorneys she met, she found sloppiness, fraud and outright criminality in the nation’s mortgage lending industry. Regardless of why her clients have been unable to pay their mortgages, she maintains that nobody deserves to lose a home to the unethical and illegal foreclosure procedures that she claims are now being used by many banks and loan servicers.

Her work has earned her the enmity of many a lender and high praise from consumer advocates. “She is definitely a woman who walks the talk and carries a big stick that will crush those who defy consumer laws,” wrote Moe Bedard, president of Loan Safe Solutions, a company that tries to help homeowners prevent foreclosure.

The Mortgage Bankers Association, the trade group that represents 2,400 companies from all sectors of real estate finance, did not respond to msnbc.com’s invitation to comment about Mrs Foreclosure and her sweeping indictment of the industry and its business practices. And the American Bankers Association, unfamiliar with her work, had no comment.

But clients like VBankruptcy Applicants for foreclosure of Jacksonville, for whom Short sale of real estate has staved off foreclosure for more than four years, adore her. “She’s a foreclosure loan modification alternative said short sale in Florida. “Without Miss Foreclosure, I would have been out a long time ago.”

Anyone Heard About The FHA Short Refinance Program?

I'm hearing that the FHA short refinance program is out the gate but I don't hear of any lenders offering the short payoff and even fewer lenders giving the new Hope For Homeowners program a chance. What are people going to do to refinance ther homes with a short payoff if no one offers the FHA SHort Refinance?

This seems like much to do about nothing so far and I'm thinking that compared to a loan modification, the FHA short refinance is going nowhere.

A Day in the Life of an FHA short Payoff Department

As a FHA Short Payoff Analyst, you will be expected to perform various processing, research, and collection functions with the FHA short Payoff Support and refinancing Department, including, but not limited to, collection of shortages or replacement funds due to FHA lender once a short payoff is received, researching and reporting on refinancing loan balances, posting various monetary transactions to FHA loans. Requires knowledge of FHA refinancing departmental and company operating procedures and policies. You must be capable of communicating with several outside agents for collection of large sums of money.

• 
  Research root cause of short payoff shortages.
• 
  Collect FHA refinancing payoff shortages and replacement funds on returned payoff checks.
• 
  Track shortages and check/wire amounts daily.
• 
  Ensure complete updates of all activity completed on the accounts.
  
• Accurately process FHA loan payoffs and various monetary loan transactions.
  
• Ensure workflow routes on previous issues are completed correctly and within the service level agreement.
  
• Research short refinancing balances on paid in full loans.
  
• Prepare and mail short refinacing checks and letters for FHA mortgage origination.
  
• Must maintain all back-up in house for 90 days, then boxed and labeled correctly for off-site
• shipping.
  
• Assist in cross training on all functions within the job.
  
• Complete daily aging report for all items still outstanding.
  
• Maintain all supporting documentation for easy access including FHA refinance requests.
  
• Any processing back-up and balancing is to be turned in on time.
  
• All refinance checks not returned or applied must be accounted for and locked in the appointed
• fireproof safe daily.
  
• Backup for FHA payoff requests and mail opening.
  
• Perform any other additional refinancing responsibilities assigned daily.

FHA Short Refinance is also know as the FHA Short Refi

Many people are aware that an FHA short refinance is also called and FHA short refi. Then again, many people may not be aware of that. I have found that FHA refinance programs are beneficial for borrowers looking for a fixed rate of interest and lower payment. The problem is that the values of homes and real estate are lower than the mortgage balance. This leaves a normal fha refinance short funds to close the refi; enter the FHA short Refi.

The FHA short refi can assist by lowering the payoff to accomodate the refinance transaction. This will help a borrower who would be short funds to close on teh FHA refinance. There are many mortgage prgrams available but few are as interesting as the fha short refinance.

FHA short Refinance Lenders

Mortgage Websites and Domain Names

WWW.BUDSLOANS.COM is a guy named Bud who loans money to his buddys and Caren had a mortgage domain named WWW.CARENSLOANS.COM Let us not forget about Carol or Carol's mortgage domain and website: WWW.CAROLSLOANS.COM

I remember Carleen and her lending and loans becuase her domain is called WWW.CARLEENSLOANS.COM COntrast that with Carlos who is Carlos the bank loan officer and the mortgage domain is: WWW.CARLOSLOANS.COM

WWW.CARLSLOANS.NET is for Carl the loan officer with a website named Carl.

WWW.CARLYSLOANS.COM is Carly still the mortgage broker?

WWW.CATHERINESLOANS.COM

WWW.CATHYSLOANS.COM

WWW.CEDRICKLOANS.COM

WWW.CHARLESLOANS.COM

WWW.CHARLOANS.COM

WWW.CHRISLENDING.COM

WWW.CHRISTOPHERLOANS.COM

WWW.CHRISLOANS.NET

WWW.CHRISTINESLOANS.NET

WWW.CINDYSLOANS.COM

WWW.CLAUDIALOANS.COM

WWW.COLLEENSLOANS.COM

WWW.COURTNEYLOANS.COM

WWW.CYNDISLOANS.COM

WWW.DALEDOESLOANS.COM

WWW.DALESLOANS.COM

WWW.DAMARISLOANS.COM

WWW.DANNYSLOANS.COM

WWW.DARRINSLOANS.COM

WWW.DEANSLOANS.COM

WWW.DEBRALOANS.COM

WWW.DIANELOANS.COM

WWW.DOROTHYLOANS.COM

WWW.DRILLICKLOANS.COM

WWW.DURBINLOANS.COM

Mortgage Domains for you to choose from that have the name of "B" and loans in it. What do you know? Mortgage DOmains again! DOn't tell me loans and websites for loan officer have mortgage domains. And finally it comes full circle with Mortgage Domain Names.

Short Sale Pre-Approvals, A Quandry of Sorts...

I found this short sale and mortgage approval letter or argument persuasive. A mortgage pre-approval letter is a step above pre-qualification. A short sale pre-approval involves verifying your credit, down payment, employment history, etc. Your loan application is submitted to an underwriter and a decision is made regarding your loan application. If your loan is pre-approved, you are then issued a pre-approval letter. Getting your short sale or loan pre-approval allows you to close very quickly when you do find a house. A pre-approval can help you negotiate a better price with the seller, since being pre-approved is very close to having cash in the bank to pay for the house!

Now, let's contrast that with a short sale preapproval and the short sale preapproval letter. You can see that the various short sale approvals and short sale preapprovals offer a stark contrast to what is otherwise considered a mortgage preapproval.

Florida short sale pre-approvals

FHA 4155 and the FHA Handbook

Study the FHA rules for the 4155 and the FHA manual. This is helpful for FHA loans in Florida as well as the rest of the Country. Having the FHA Manual (the 4155.1) enables an FHA borrower to understand the FHA rules for FHA mortgage lending.

I hope this post has been helpful for those who are seeking the FHA manual orthe FHA handbook which of course contains the FHA rules for mortgage lending.

Once upon a time the fha wrote the 4155.1 and updated the fha rules in it and called it the fha manual. Some refer to it as the FHA handbook or simply as the fha 4155.1 You can call it what you want but if you are going to close an fha mortgage loan then you will have to go by the rules in the fha book.

An Intelligent Article Explaining Florida Deficiency Judgments

It all starts with a Florida Mortgage Loan. Please make sure you make ALL of your mortgage payments on-time. If you can not make your payments on-time, then contact your mortgage lender and ask for a mortgage workout. That is the subject of a future article. For now, I will discuss what happens when a borrower does not make the mortgage payments on-time.

The lender will bring a lawsuit in a judicial foreclosure state such as the state of florida. The borrower must respond to the lawsuit by answering the complaint. If the homeowner does not answer the complaint, the foreclosing lender wins a default judgment. Default judgment is a separate issue than a deficiency judgment. The deficiency judgment in florida is possible through a judicial foreclosure in the florida courts.

The debt collectors are waiting for deficiency judgments so that they can collect through garnishing wages and levy of bank accounts. Imagine going to the ATM and not being able to withdraw funds because of the deficiecny judgment in florida that a debt collector got a hold of.

Look at florida deficiency judgments as a means for the florida foreclosure to enforce their rights under a recourse loan. When the loan payments can not be made and florida forecosure ensues, the deficiency judgment is not far behind.

This not a solution that anyone is looking for. You may avoid foreclosure and avaoid the deficiency judgment whenever possible. This is what everyone would like to see, except for the debt collection industry. They of course want florida deficiency judgments and the pusuit of florida homeowners through default judgments. No one likes debt collectors and no one (else) likes deficiency judgments in florida.

Examining FNMA Flips & Short Sales

There has been a lot of misinformation on the internet with FNMA short sales. The FNMA MyCommunity mortgage is another subject altogether. The FNMA Flips and FNMA Flipping is also another story altogether. This article is about FNMA Flips and FNMA short sales.

A short sale is defined by Fannie Mae - FNMA and it is formerly known as the Federal National Mortgage Association which is a corporation that specializes in buying mortgage loans from mortgage bankers. FNMA adds liquidity when it can to the mortgage market. The fed recently bailed out FNMA by allowing it to borrow from the Fed's discount window. Again, don't get me started on that aspect of FNMA.

FNMA offers many Foreclosure Workout Options. Fannie Mae has a Repayment Arrangement, Forbearance, Loan Modification, Short Sale , Short Sale , and Deed in Lieu . Did I mention FNMA short sale? Yeah, I mentioned FNMA short sale in Florida just to see that you were paying attention. Now let's talk about FNMA Flips in Florida using the FNMA MyCommunity mortgage loan. This has a few things in common with the FNMA short sale. Namely, that they are both sponsored by Fannie Mae. There will be more on FNMA if you liked this post then you should save this blog in you favorites.

FNMA Flipping Rules are ever changing. To stay on top of the lates FNMA news with regards to short sales and FNMA Flips, check the Fannie Mae rules on flipping properties.

Florida Short Sales Dicover a Solution in Option Contracts

Developing successful real estate short sale transactions through the option contract is beneficial for a number of reasons in real estate. This is particularly true in hard hit real estate market like Florida that is flooded with short sales with no end in sight. There are a number of advantages to using the Florida option contract with short sales that are being discussed in Florida real estate today.

Visit the Option Contract for Florida real estate site to locate such short sales.

Secrets of Current FHA APR

Secrets of Current FHA APR have been compiled for centuries in the mortgage business. The first fha mortgage broker to crack the current code for APR was an understudy of the FHA APR that was currently in the mortgage rescission period for TILA violations.

CURRENT FHA APR SECRETS

How TILA's 'Holder in Dues Course' Relates to Current FHA APR

Many FHA mortgage lenders fail to calculate the FHA using the current index. For the TILA to be in compliance for an FHA variable rate mortgage loan, the current index must be used and that is the index available at time of consummation. This will all be used to calculate a current fha apr for TILA purposes.

Many document examiners are concerned with the current fha apr when evaluating an FHA mortgage loan for compliance with the TILA. If the FHA mortgage loan is out of compliance because the current FHA APR was not used for calculating the final Truth in Lending statement, then the FHA borrower may have recourse against the mortgage lender.

When the FHA mortgage loans are passed around and the servicing rights of the lender are traded around like a hot potato, you must still be concerned for the current FHA APR calculations on the TIL. The lender takes assignment and is considered a holder in due course and protected against many claims that would otherwise be actionable against the originator. One claim that an assignee can not escape, however, is one that is evident on the face of the documents. And that is, you guessed it, the current fha apr. Otherwise known as todays fha apr.

For a more detailed analysis of current fha apr, check the updated post on the FHA Loan Expert Blog as follows: Current FHA APR.

Bay County Floirda Short Sale

There are many real estate selections in Bay County Florida and there are many short sales of real estate in Bay County. Bay County includes Panama City, Floirda and the short sales of real estate in the surrounding areas of Bay County Florida. Be careful when selecting the abandoned homes that are real estate owned. They are much different than the real estate in Bay County Florida that is available by short sale.

A short sale is described by FNMA as a preforeclosure sale. There are many of these available in Bay County Florida and you should select carefully from short sale to short sale in Panama City and the real estate in teh metor Bay area of Florida.

Visit short sale real estate Bay County Florida and review the real estate available throughout Florida and the real estate in the United States of America. Some of them are abandoned homes in Florida near Bay County.

Skelly Bought a Short Sale of Real Estate in Florida

Skelly bought a short sale in Alachua county florida. You may want to visit Skelly’s house to see if the kitchen sink is there on the short sale of real estate in florida. If the sink is at Skelly’s short sale of real estate in Alachua County Florida then we can see that short sales in Alachua Florida have everything including the kitchen Sink.

Skelly had a party at her Alachua County short sale house and the real estate agent that helped her was invited. You can buy an Alachua county florida short sale of real estate.

See if you can fin Skelly’s short sale of Alachua Real estate.

What They WON'T Tell You About FHA MIP RISK BASED PRICING

By now most everyone has heard about FHA MIP risk based pricing and I don't want to rehash all of the hum drum fha mip risk based premium calculations. Heck, if you wanted the fha mip risk based pricing chart you would have logged onto the FHA website and checked a mortgagee letter on mip risk based prcing for FHA, am I right?

Of course I'm right. That's why you are here - to learn about fha mip and risk based pricing information that they won't tell you on the HUD site of what FHA mortgagee letters fail to highlight. Here is what has been taught so far on fha mip risk based pricing and how the FHA MIP system really works. Is FHA solvent? You be the judge on that one. Stay tuned!

MIP RISK BASED PRICING