Drew's Mortgage News

Obama’s $1.5 Billion Housing Crisis Hush Money Plan

dsygit@thelendingedge.com — Sat, 27 Feb 2010 20:59:00 GMT

President Obama's recently announced allocation won't do much for the Housing Crisis, something he's well aware of. He's just trying to quiet his critics.

Upside Down Loans: Rules for Wall Street vs. Rules for Main Street

dsygit@thelendingedge.com — Sat, 06 Feb 2010 22:34:00 GMT

Wall Street firms walk-away from upside down properties and it's a business decision. While homeowners with upside down loans who do so are deadbeats?

Second Lender Encourages Fraud on a Short Sale

dsygit@thelendingedge.com — Fri, 29 Jan 2010 11:18:00 GMT

Homeowners & Agents Beware – following this lender’s advice could be illegal and land you in jail.

FHA Making it More Difficult for Michigan Homebuyers

dsygit@thelendingedge.com — Mon, 25 Jan 2010 03:20:00 GMT

FHA is losing money on mortgage defaults and foreclosures, so lending requirements are to tighten in the near future.

Mortgage Rates Fall in the Fall

dsygit@thelendingedge.com — Mon, 23 Nov 2009 20:03:00 GMT

How to leverage end of the year market trend to generate more business! Here's a blog post I just did to get the attention of my clients - especially fence-sitters.

Creative Way to Tap Home Buyer Tax Credit

dsygit@thelendingedge.com — Sat, 14 Nov 2009 20:39:00 GMT

The extension of the tax credit gives buyers, sellers and industry professionals a bit more time to stabilze the housing market.

Bank of America – Loans & Lies, but no Real Modifications

dsygit@thelendingedge.com — Sun, 08 Nov 2009 18:35:00 GMT

In July the federal government pressured banks to modify 500,000 mortgages by November 1st. Bank of America is lying to do its part.

Extension & Expansion of Homebuyer Tax Credit

dsygit@thelendingedge.com — Sun, 01 Nov 2009 20:16:00 GMT

Contrary to what many have reported, it’s not a done deal yet.

Heads Big Banks Win, Tails Homeowners/Taxpayers Lose

dsygit@thelendingedge.com — Sat, 24 Oct 2009 16:09:00 GMT

Too big to fail banks have it all – bailout funds, loss coverage, huge bonuses, no accountability, etc. No wonder they have no compassion for struggling homeowners!

No Rhyme, No Reason, FNMA/FHLMC & FHA Play Politics

dsygit@thelendingedge.com — Mon, 19 Oct 2009 10:40:00 GMT

Mortgage programs that make a lot of sense are rendered basically useless by unpublished and unofficial modifications.

Is it Time to Spank Your Bank?

dsygit@thelendingedge.com — Mon, 12 Oct 2009 01:31:00 GMT

Banks bailed out of bankruptcy by the federal government, refuse to help out homeowners – so why do homeowners keep their accounts at these same banks?

Be Wary of Buying Condos in this Market

dsygit@thelendingedge.com — Sun, 27 Sep 2009 20:15:00 GMT

Those great looking foreclosure deals on condos may turn out to be a trap for unsuspecting homebuyers.

Michigan’s Moratorium Mandated Modification Meeting – An Example

dsygit@thelendingedge.com — Sun, 20 Sep 2009 18:28:00 GMT

What happens at these meetings with a lender representative that Michigan’s new 90 day foreclosure moratorium laws require?

Reality NOT on TV – Banks Make Money on Foreclosures

dsygit@thelendingedge.com — Wed, 16 Sep 2009 11:23:00 GMT

There's no way big banks are losing the money on foreclosures that many real estate "experts" claim they are.

Foreclosure & Bankruptcy: a new Beginning, not the End

dsygit@thelendingedge.com — Wed, 26 Aug 2009 12:57:00 GMT

It’s not how many times you get knocked down, it’s how many times you get back up. Along the way don’t forget what’s really important – Family, Friends & Life.

GNMA President to Step Down - A Sign of coming Trouble?

dsygit@thelendingedge.com — Mon, 17 Aug 2009 14:28:00 GMT

What does the government know that the industry doesn't?

HUD finally allows Loan Modifications on FHA Mortgages

dsygit@thelendingedge.com — Mon, 17 Aug 2009 12:11:00 GMT

Better late than never - four months after Obama announces FNMA/FHLMC loan modification plan, HUD makes FHA loans eligible.