Fannie Mae reported a significant increase in the percentage of home mortgages with delinquent mortgage payments. The government-backed home loan investor said in a monthly summary released Monday that 3.42% of the 1-family home loans it owns or guarantees were 90 days or more delinquent in April, up from 3.15% a month before. Fannie’s main rival, Freddie [...]
The Lead Planet recently announced enhanced lead generation for loan modification, FHA leads and debt settlement with their live transfer technology that provided click to call leads online and press one leads from strategic voice broadcasting solutions. Recently the Lending Tree also announced several new mortgage lending tools for participating members of their Mortgage Lender Exchange. [...]
Loan Officers across the country were calling Stated Income Mortgages Liar loans.– With bad credit mortgages borrowers didn’t need to prove their income and in some cases their lack of home equity was overlooked. These borrowers did not have to come up with a deposit and mortgage brokers often disregarded their assets and compensating factors. The subprime mortgage [...]