Short Payoff Principal Reduction - FHA & Cal FHA Refinance

New:  Short Payoff Principal Reduction - FHA & Cal FHA Refinance

Both the FHA and Cal FHA have special programs reserved for well qualified borrowers with credit scores greater than 620 refinancing their principal residence, and fully documenting their income, assets, and employment.

Chase 5-Day Loan Mod Event Starts Friday, July 14, 2010

Chase is having a 5-day Homeowner Assistance Event in Costa Mesa to help struggling homeowners who have Chase, EMC or WaMu-serviced mortgages. Begins Friday, July 14, 2010 runs through Tuesday, July 20. The hours are 8 a.m. to 8 p.m.

Bank of America: Getting Worse To Deal With

Just when you think things can't get worse, Bank of America comes along and makes it all more difficult to close a home purchase.

4/10/2010: Updated

3rd consecutive bad experience with them when they are funding a loan for a buyer of one of my listings. Are you kidding me BofA? Who is making these sorry decisions?

Fannie & Freddie - Come Get Your Loan Modification & Pay For Life

Mr. Mortgage’s Guide to the TRUTH! has a great article about the Fannie Mae / Freddie Mac loan modification program: A real eye-opener, this is a must read if you are considering something similar.

Mortgage Rates Lowest Since 1971: Is It Enough To Stop The Downward Trend?

Fed lowers the fed funds rate to between 0 and .25 percent, but with unemployment up, is this going to have any effect on home buying?

Senate Approves Bill To Increase FNMA and Freddie Mac Home Limits

Senate Approves Bill To Increase FNMA and Freddie Mac Home Limits; bill still has to be signed by President Bush

Countrywide Freezes Lines Of Credit For 122,000 Customers - Follows WAMU

Countrywide freezes HELOC's for 122,000 customers: Others are sure to follow?