3 New Initiatives for Foreclose Prevention
The Fed has released 3 new initiatives for homeowners avoid foreclosure. To read more about these initiatives click here.
Tisha Black Chernine, Esq., featured speaker at NBI Seminar
Tisha Black Chernine, Esq., will be a featured speaker at the National Business Institute Seminar: Advanced Issues in Foreclosure, taking place on April 4, 2011 at the Gold Coast Hotel & Casino. She will address various options for loss mitigation, how current market conditions are affecting the financial industry’s loss mitigation policies, as well as how […]
MBA Asks for Exemptions to Dodd-Frank Act
The Dodd-Frank financial reform, which passed this summer, requires lenders to retain a five percent stake in loans it packages and sells to investors. The goal of this retention is for lenders to have a stake in the future of these loans, making the lenders accountable for the quality of the loans they packaged and […]
Negative Equity Refinance Program
Starting September 7, 2010, the Federal Housing Administration (FHA) will offer a new refinance program to qualifying underwater homeowners. To be able to participate in the program you must be current on your home loan, your credit score must be 500 or above, and the home must constitute your primary residence. Further, all lien holders […]