Conch Mediations

06/12/2017

Fannie Mae raises debt-to-income ratio to further expand mortgage lending

https://www.housingwire.com/articles/40382-fannie-mae-raises-debt-to-income-ratio-to-further-expand-mortgage-lending?utm_source=dlvr.it&utm_medium=facebook&utm_campaign=housingwire

Fannie Mae is preparing to increase its debt-to-income ratio requirement to 50% next month. While this move may seem risky as borrowers will have less cash-flow, Fannie Mae insists the results of its study show the borrowers that will now qualify are up to the task.

06/08/2017

House to vote on killing Dodd-Frank today

http://money.cnn.com/2017/06/08/news/economy/house-dodd-frank-repeal/index.html?sr=fbmoney060817house-dodd-frank-repeal1035AMVODtopLink&linkId=38482484

House lawmakers are poised to pass the "crown jewel" of the GOP-led regulatory reform effort on Thursday, effectively gutting Obama-era financial rules. It's destiny, however, rests in the Senate.

09/29/2016

Modification: Proof of Occupancy - A Loan Modification Could Save Your Home

http://www.miamiloanmod.com/index.php/2016/06/21/modification-tip-proof-of-occupancy/

Mortgage lenders commonly request a proof of occupancy document to be included in a borrower’s loan modification request package. Commonly, borrowers provide a photocopy of their driver’s license, but I am afraid this will not[...]

09/22/2016

Modification: Paychecks - A Loan Modification Could Save Your Home

Some tips to help all parties in a Mortgage Modification Mediation. http://www.miamiloanmod.com/index.php/2016/07/01/modification-paychecks/

Paychecks are an important part of the loan modification package. When a borrower sends a package requesting a loan modification, the package includes disclosures and documents that tell the lender about the borrower’s income, debts,[...]

09/06/2016

What Happens When HAMP Expires at the End of This Year? | Credit.com

http://blog.credit.com/2016/08/what-should-life-after-hamp-look-like-153247/

The CFPB has issued some non-binding guidelines to lenders in an attempt to help people avoid losing their homes.

08/31/2016

What is the Hardest Hit Fund? - A Loan Modification Could Save Your Home

http://www.miamiloanmod.com/index.php/2016/08/18/hardest-hit-fund/

In response to the mortgage crisis, the US Treasury created the Hardest Hit Fund. This fund was intended to help the housing markets in the country that were hit the hardest by the aftermath of[...]

08/29/2016

HARP Refinances Keep Decreasing As Program Sunsets :: MortgageOrb

http://www.mortgageorb.com/harp-refinances-keep-decreasing-as-program-sunsets

05/13/2016

Life After HAMP: Many Requirements, Few Standards

http://www.nationalmortgagenews.com/news/servicing/life-after-hamp-many-requirements-few-standards-1077653-1.html?utm_content=socialflow&utm_campaign=nationalmortgagenews-fb&utm_source=facebook&utm_medium=social

After the Making Home Affordable Modification Program ends, servicers will employ myriad proprietary workout options to meet ongoing compliance requirements. But will more discretion in loss mitigation practices create consumer and investor confusion?

04/26/2016

Are you looking for a mediator experienced with the Bankruptcy Court's Mortgage Modification Mediation program to help you with your cases in Broward, West Palm Beach, or Miami Dade? Look no further! I am on the Southern District's list of mediators and active selection in the DMM Portal!

02/15/2016

It's official! I am active on the court's website and in the MMM Portal!