All Posts Tagged With: "borrowers"
Why FHA Premiums Should Not Be Raised
Will the FHA loan program raise its insurance premium for new borrowers? At first it might seem as though higher premiums are in order given that the FHA reserve fund — the Mutual Mortgage Insurance Fund or MMI — is well below the 2 percent required reserve. While that may be true, one must also [...]
5Dec2011 | Peter G. Miller | 0 comments | Continued
Should FHA Mortgage Lenders Get 100% Protection?
There are two interesting FHA mortgage figures floating around that may surprise a lot of people: At the end of June, the FHA had 7,151,199 single-family mortgages outstanding and these loans represent had a balance of $994.6 billion. That means the trillion-dollar mark should be hit fairly soon, probably in the next month or so. [...]
27Jul2011 | Peter G. Miller | 0 comments | Continued
Regulators Offer “Reputation Risk” Advice To Reverse Mortgage Lenders
A gaggle of federal regulators are advising reverse mortgage lenders to avoid “reputation risk” by focusing “on the need to provide adequate information to consumers about reverse mortgage products; to provide qualified independent counseling to consumers considering these products; and to avoid potential conflicts of interest.” Big deal. After all, reverse mortgage borrowers are already [...]
23Aug2010 | Peter G. Miller | 0 comments | Continued
SEC — No Help For Mortgage Borrowers
The news is now filled with SEC accusations that Goldman Sachs defrauded investors who bought mortgage-backed securities, allegations Goldman Sachs strongly denies. But nowhere in the news do we hear of any effort to help the mortgage borrowers whose screwing made the financial meltdown possible. While the SEC is concerned about helping securities investors who [...]
19Apr2010 | Peter G. Miller | 0 comments | Continued
Mortgage Relief for Hurricane Gustav Victims
It’s become a kind of ritual, the word from major mortgage lenders and loan owners providing relief in the face of hurricanes, tornados, fires, earthquakes and other natural disasters. What can impacted mortgage borrowers expect with hurricane Gustav? Looking at past practices from 2005 with Katrina, Rita and Wilma, Fannie Mae, Freddie Mac and most [...]
11Sep2008 | Peter G. Miller | 0 comments | Continued
The Mortgage Mess: Should We Blame Only Borrowers?
With so much mortgage mayhem in the news it follows that we must blame someone for today’s growing real estate reverses, so why not fault he borrower? The blame game was part of an interesting discussion that took place at the annual Five Star Default Servicing Conference, an event that attracted several thousand attendees to [...]
4Sep2008 | Peter G. Miller | 0 comments | Continued
Real Estate Exit Strategy: What If There’s No Way Out?
One of the great wonders of modern life is the ability to borrow — and borrow and borrow and, well, you get the idea. I always tell folks there is no shortage of either lenders or loans, the real question concerns borrower preferences. If a borrower is sufficiently “motivated” then there are always loans to [...]
19Aug2008 | Peter G. Miller | 0 comments | Continued
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