March 23, 2011 (Chris Moore) Legislation backed by Scottsdale Republican Sen. Michelle Reagan proposes to allow homeowners who have underwater mortgages to bypass banks and use private investors to refinance their mortgages allowing investors to benefit by earning interest paid by reliable borrowers, while homeowners benefit by lowering their monthly payments and possibly lowering their [...]
January 1 2011 (Chris Moore) In compliance with the National Housing Act, the Office of the Assistant Secretary for Housing—Federal Housing Commissioner, Department of Housing and Urban Development (HUD) revealed the names and the actions towards nearly 250 mortgage lenders nationwide that had been in violation of HUD and Federal Housing Authority (FHA) guidelines. The [...]
December 15 2010 (Chris Moore) Two years ago, a North Carolina credit union launched a mortgage assistance program that has had unprecedented success and should be a model for the mortgage industry. At a time when mortgage holders have been overwhelmed with foreclosures, the State Employees Credit Union (SECU) has used a little old fashioned [...]
