Here’s a great article about the come back of the Jumbo mortgage market, with a story about the typical problems we encounter in this brutal underwriting environment: Why the Jumbo Loan Market is Finally Thawing BY Julian Hebron, for Mortgage News Daily Oct 25 2012 Current housing recovery chatter centers around two main themes: slightly improving stats on home sales, … Read More
HARP 2.0 Refinancing
The wait may be over for homeowners who want to refinance but owe more on their mortgages than their homes are worth. Many borrowers are now able to refinance through HARP 2.0, a program that allows borrowers to refinance regardless of how deeply underwater they are. Our investors are still rolling this out, so we expect details to change. … Read More
Under water? Do you qualify for relief?
Many homeowners who are “under water” on their mortgage loans can’t find relief under Fannie Mae’s Making Homes Affordable program.
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