What is happening today in mortgage lending:
Making Home Affordable Plan:
Two weeks after the President unveiled his plan to help promote homeowner affordability, we are moving forward today with these guidelines to implement that plan," HUD Secretary Shaun Donovan said. "This step forward represents a tremendous coordinated effort between major government and regulatory agencies to help bring relief to America's housing market and homeowners. This plan will help make home ownership more affordable for nine million American families and in doing so, help to stop the damaging impact that declining home prices have on all Americans. To Learn More About the Making Home Affordable Plan’s Refinance and Modification Options, Please visit: http://www.financialstability.gov
Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to: www.naultfhatips.blogspot.com or www.dutips.blogspot.com
1 comment:
OK folks, now GE has been downgraded. Why? The lending unit, which has been questionable for months. Let's be real here, their existing portfolio doesn't look too good, and they need some quality loans to improve the book. GE is not alone in this plight, all the banks are looking for quality, and they'll pay for it. If you a good borrower, make the banks compete! http://loanlane.com/make_lenders_compete.php
They got TARP money, and they've got the operations staff. What they don't have is fresh business.
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