Written By: Glenn Michaels
Recently I wrote an article inquiring and asking if Hurricane Sandy Victims were going to be victims again. The information is somewhat favorable for more than 38,000 mortgagors who reside in areas impacted by Hurricane Sandy. Previously it was pointed out that more than 38,000 mortgagors received six month forbearance agreements from their mortgage servicers for mortgages owned by Federal National Mortgage Association (Fannie Mae) and by Federal Home Loan Mortgage Corporation (Freddie Mac).
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Written By: Bonnie Wildt
I have said it before and I will say it again and that is, do not believe everything you hear or read for that matter. In this particular instance I am referring to AUS Findings. I have had countless conversations with processors and loan officer who want to know why I am asking for documentation that the AUS findings have clearly stated wasn’t needed or worse, they can’t believe I am turning a loan down that has an Approve/Eligible. So here it is again and pay particular attention to the details because just because you have an Approve/Eligible or Accept doesn’t necessarily mean you have a done deal.