Posts Tagged ‘default

I currently am in default with my fha loan due to financial hardship. Is there any good advice to give me?

Friday, March 12th, 2010

Due to financial hardship, I have gotten behind with my FHA mortgage loan. I have been in constant contact with the financial institute who has my note and they won’t help me until I am able to make my payment for three consecutive months. If I were able to make the payment, I wouldn’t need the help. Does anyone have some experience with this type of situation and can give me some constructive advice?

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FHA lenders subpoenaed in default rate inquiry

Monday, January 18th, 2010

FHA lenders subpoenaed in default rate inquiry
Federal housing officials on Tuesday served subpoenas on 15 mortgage companies with suspiciously high default rates for loans backed by the Federal Housing Administration .

Read more on Tacoma News Tribune

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All Mortgage News-FHA/VA and Conventional: Default, Then Rent …

Sunday, December 13th, 2009

“I don’t have to worry about paying property tax, homeowners’ insurance , the landscaping, cleaning the pool or any repairs.” Remember this is a person that probably spends more time with you children that you do. …

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All Mortgage News-FHA/VA and Conventional: Default, Then Rent …

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GMAC at the Forefront of Ginnie Mae's Troubled Issuers « Phil's …

Friday, December 11th, 2009

Pine State Mortgage Corporation – 314% – Default Rate 18.86%; Premium Capital Funding, LLC dba Topdot Mortgage – 238% – Default Rate 14.31%; Ideal Mortgage Bankers, Ltd, dba Lend America^ – 235% – Default Rate 14.14%; IndyMac FSB, … The latest FHA actuarial report calculates the hurt SFDP inflicted on the FHA Mutual Mortgage Insurance Fund in startling detail. If the government had never endorsed SFDP loans, the economic value of the MMIF would be $13.2 billion as of …

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GMAC at the Forefront of Ginnie Mae's Troubled Issuers « Phil's …

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Rules Get Tougher For FHA Borrowers |

Friday, December 11th, 2009

These changes could include increasing the down payment to 5% (currently 3.5%), decreasing seller contributions to 3% (currently 6%), increasing the monthly mortgage insurance , increasing the upfront mortgage insurance and increasing …

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Rules Get Tougher For FHA Borrowers |

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