Fred Glick on CNBC!
I will be on CNBC today at 4:40 PM ET complaining about HARP2, Fannie, Freddie and other fun stuff!
View ArticlePNC Denies HELOC Subordination
I found this post through a Google search. PNC Bank, the lender that bought all the National City HELOCs a couple of years ago is being a real P.I.T.A. about getting into a BETTER position with their...
View Article5th 3rd Bank Lowering Loan to Values on HARP2 Loans
The following came from Fifth Third Bank: Harp 2 Updates: Effective May 14, 2012 on all new loans registered The LTV for DU Refi Plus and Hasp Open Access has been changed to a maximum of 105%, CLTV...
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Please Don’t Beam Me Up
It seems as though as we get deeper into the HARP2 program, many tiny details keep coming out that make it tougher and tougher to get the loans done. The intention of this program was to just get...
View ArticleRefi Effort Grows, But Levels Still Low for Most Underwater
I was quoted in an article in the Wall Street Journal today about HARP: By Alan Zibel of the Wall Street Journal The number of homeowners who have refinanced their home loans under a revamped federal...
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I’ll Give You the Money But…..
Today, i heard a new one. A lender that advertises unlimited HARP 2 loan to values agreed to do a highly underwater deal but only if the loan was currently serviced by one of three different lenders....
View ArticleHARP2.0, the FHA Version
It’s here! Those of you that have been waiting for your FHA loan to refinanced to a real rate with low MIP, the time is finally here. With rates in the 3’s, the Obama Administration and our friends at...
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Is Freddie Mac Discriminating on HARP Mortgage Loans?
Just to leave you smiling and happy before this 4th of July weekend (yes, no one will be around Monday or Tuesday), here is a description of a Facebook post from a mortgage broker friend that I know....
View ArticleAlmost Paradise
I just received this from a person in our 50th state: My mortgage on a property in Maui, Hawaii is backed by Fannie Mae. I meet all the requirements for HARP 2 loan and have submitted the application...
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From the BFD File….Olympic Mortgages
Freddie Mac said today that it would be opening up refinance opportunities to borrowers who are not underwater on their existing Freddie Mac mortgages. Under the company’s Relief Refinance Mortgage...
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