Posts Tagged ‘Edward Pinto’

HUD Revises the Rules Related to Reverse Mortgages

HUD Revises the Rules Related to Reverse Mortgages

HUD’s new rules related to reverse mortgages are just a part of those changes made in the wake of the financial crisis and resulting economic meltdown, and in fact, relative to changes made that affect other areas of mortgage finance,... (Continue reading)

We’re Addicted to Denying our Addiction to FHA’s Mortgage Crack

We’re Addicted to Denying our Addiction to FHA’s Mortgage Crack

According to Moody’s Analytics, FHA's actions prevented home prices from dropping an additional 25%, which in turn saved 3 million jobs and half a trillion dollars in economic output. But now FHA is broke. Now what?... (Continue reading)

If FHA’s losses are due to bad economy, why is Fannie blaming borrowers in lawsuit against Bank of America?

If FHA's losses are due to bad economy, why is Fannie blaming borrowers in lawsuit against Bank of America?

Of course, what Bachus fails to mention is that if our government had done ANYTHING RIGHT in terms of dealing with the economic crisis that started in 2007… if even ONE of the programs that have been implemented over the... (Continue reading)

House Hearings to Answer Question: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership?

House Hearings to Answer Question: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership?

Everything’s going just fine. There are no real problems with HAMP or with the servicers who are implementing HAMP. Oh sure, there have been a few challenges, but most of them have been caused by the borrowers who... (Continue reading)

Loan Modifications: 500,000 or 1200? All right… ENOUGH is ENOUGH.

Loan Modifications: 500,000 or 1200?  All right… ENOUGH is ENOUGH.

Of course, I’m no real estate expert, but maybe… just maybe… our government should step in and do something about the crimes being perpetrated by banks and mortgage servicers against homeowners and our nation every day in this country. ... (Continue reading)


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