News flash (and it is really a news flash): the federal government is stepping into the 21st Century but not until after the first of the year. Hey, it's a start.As mortgage loan and loan modification applications are reviewed by lenders, one vexing bit of paperwork has always been the IRS form 4506-T. This form, signed by the borrowers, allows the lender to independently … [Read more...] about Government Greases the Wheel. Finally.
If you're in the process of modifying your home loan and your lender has said that your debt ratios are too high, can you get someone to co-sign with you to help bring those debt ratios in line?Part of the loan modification review is determining how to get your debt to income ratio within guidelines. If your rates adjusted upwards due to a sub prime hybrid or you've lost … [Read more...] about Will a Co-Borrower Help With a Loan Modification?
Financial Times - JPMorgan feels stress of being in â€˜limbo-land' Huffington Post - Stiglitz Says White House Ties To Wall Street Doom Bank Rescue Huffington Post - The Rating Agencies, A Key Reason For The Recession, Get Primed For An Overhaul Public Integrity - The Appraisal Bubble: In Run Up to Real Estate Bust, Lenders Pushed Appraisers To Inflate Values Telegraph - … [Read more...] about Afternoon Quickie 04/16/2009
Huffington Post - US Foreclosures Up 24 Percent In 1st Quarter The Big Picture - Bank Stress Tests, Explained (video) Mortgage Insider - To inflate or not to inflate? A story of appraisers Naked Capitalism - Willem Buiter: Treasury Will Have to Abandon Current Approach to Banks Huffington Post - Six Companies To Get $10 Billion Each In Mortgage Rescue Program … [Read more...] about Morning Quickie 04/16/2009
Huffington Post - It's Up to the Shareholders, Not the Government, to Demand Change at a Company Deal Journal - AIG: Who is the Keyser Soze Behind the Hank Greenberg Dossier? The Big Picture - SEC: Credit-Rating Agencies Require More Oversight Calculated Risk - Mortgage Defaults Spreading to Higher Priced Areas Huffington Post - Treasury says bank lending declined in … [Read more...] about Afternoon Quickie 04/15/2009