Black & LoBello on AM720 KDWN
Listen to the Legal Hour on AM720 KDWN from October 8th, 2014 in which Kevin L. Hernandez Esq., and Steve Schauer from New American Funding discuss the Las Vegas’ housing industry (1:45), Home Is Possible Program (5:45)(31:25), growth trends (9:45), mortgage interest rates (13:15), different mortgage term lengths (15:00), home loan pre-approval process (20:15), Fair Credit Reporting Act (24:15) and debt to income ratio […]
Report Indicates Nevadans are “Walking Away” From Distressed Properties
The Nevada Association of Realtors (hereinafter “NVAR”) recently released a report entitled “Face of Foreclosure.” This report paints a rather grim picture. It reports that more than 20% of Nevada homeowners have strategically defaulted and allowed a foreclosure to occur rather than pursuing other alternatives. The NVAR report explored the reason that people went to […]
Default Servicers, Foreclosure and the Securitization Debacle
On November 16, 2010, the Senate Committee on Banking Housing and Urban Affairs held a hearing on Mortgage Services and Foreclosure Practices which included, Bank of America, among other lending institutions, along with consumer advocates and academics. Coincidentally, the Congressional Oversight Panel has recently produced a 127-page report, “Examining the Consequences of Mortgage Irregularities for Financial […]
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 […]