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New FHA Mortgagee Letter, & HUD Housing Counseling

October 9, 2009 Mortgagee Letter 2009-39 TO:                             ALL APPROVED MORTGAGEES ATTENTION:          Single Family Servicing Managers SUBJECT:                Updated Claim Filing and Delinquency/Default Reporting Requirements For FHA’s Making Home Affordable Modification Program (FHA-HAMP) The purpose of this Mortgagee Letter is to provide updated claim filing and delinquency/default reporting requirements for the FHA Home Affordable…Read the Rest of Article

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Come on 7′s! Daddy Needs a New Roof!

Here’s an excerpt from one of my favorite movies, A Bronx Tale. Please follow closely: Sonny: Get this over with, Mush. Mush: Come on, dice. Baby needs a new pair of shoes. Come on, seven! Mush: Come on! Come on, dice! Sonny: I don’t even have to look. (Spectator) And seven! Mush: Craps! I’m out!…Read the Rest of Article

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J.P. Morgan and Citigroup Pause Foreclosures

On Friday, Citigroup and J.P. Morgan Chase said that they would temporarily hit the “Pause Button” on foreclosures. Out of the $350 billion that is left, $50 billion of the last year’s bailout plan is going to be used to buy some time for homeowners that are currently having trouble paying their mortgage payments. This…Read the Rest of Article

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Ready? Set? Change!

It looks like 2009 has started off in a very exhilarating fashion, I’m sure you would agree. We have our first African American president, Larry Flynt is asking for a $5 billion PORN bailout , Bernie Madoff got caught with his hand in a $15 billion cookie jar, and of course the Steelers won a…Read the Rest of Article

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