"I haven't heard this on any of my files...however the waterfall program is specific to FHA. As far as I know Fannie and Freddie have not made any changes to their SS guidelines."
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CFPB Regulation - Waterfall Process
Started by Alexis Adams in Short Sale Discussions. Last reply by Minna Reid yesterday. 2 Replies 0 Likes
Awesome website!
Started by Jackie Gonzalez in Short Sale Discussions. Last reply by Brett Goldsmith Oct 11. 1 Reply 1 Like
Do you know if Ocwen offers relocation assistance on second lien short sale only?
Started by Mayra Espinosa CDPE, HAFA, SFR in Short Sale Discussions. Last reply by Brett Goldsmith Oct 5. 2 Replies 0 Likes
Do you know if Ocwen offers relocation assistance on second lien short sale only?
Started by Mayra Espinosa CDPE, HAFA, SFR in Short Sale Discussions Oct 4. 0 Replies 0 Likes
How handling 1099C's now. With no Mortgage Debt forgiveness?
Started by Pat Hood in Short Sale Discussions. Last reply by Brett Goldsmith Oct 2. 1 Reply 0 Likes
% liens will take to settle versus seller BK?
Started by Pat Hood in Short Sale Discussions. Last reply by Brett Goldsmith Oct 2. 1 Reply 0 Likes
% extra liens want versus accepting seller bankruptcy?
Started by Pat Hood in Short Sale Discussions. Last reply by Brett Goldsmith Oct 2. 1 Reply 0 Likes
seller affidavit and acknowledgement
Started by Jackie Gonzalez in Short Sale Discussions. Last reply by Jackie Gonzalez Sep 16. 2 Replies 0 Likes
Cenlar Escalation
Started by Melody Medley in Short Sale Discussions. Last reply by Melody Medley Sep 20. 2 Replies 0 Likes
Can Buyers Lease Short Sale Property?
Started by Sharon Burgos in Short Sale Discussions. Last reply by Sharon Burgos Sep 20. 2 Replies 0 Likes
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Approval Problems
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"WF Executive Escalations
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Steven Jackson added a discussion to the group Wells Fargo Short Sales
Escalation
I have a short sale in process with a courthouse sale date of Oct 25th! It was denied once and resubmitted with the investor only taking an aprox $100,000 loss on a $1.3m loan. Can not get ANYONE to respond to calls or emails.Does anyone have an…See More
Steven Jackson joined Wendy Rulnick's groupWells Fargo Short Sales
Wells Fargo and ASC (America's Servicing Company)This group is for information, tips and solutions for Wells Fargo short sales.See More
Jonathan Katz replied to Sally Perez's discussion Chase Charged Off Second"Chase Home Mortgage charged off second mortgages are the worst. I hope you go this resolved. SPS servicing division definitely tends to be easier completing an Select Portfolio Short Sale than dealing with a Chase Bank Sale. "
Terry Hammill replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans"Start hitting them with CFPB complaints..... they dont want to comply with the new CFPB guidelines and are hoping you just go away."
Alexis Adams replied to DENNIS ANNINOS's discussion CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS in the group Caliber Home Loans"They declined one of my files today which is a Freddie Mac loan. The response I got was that they are not approving short sales for ANY loan, regardless of investor. Will be making a call to Freddie to confirm."
DENNIS ANNINOS added a discussion to the group Caliber Home Loans
CALIBER NO LONGER ACCEPTING SHORT SALE APPLICATIONS
So CALIBER calls this morning stating they will no longer entertain Short Sale applications on any "investor loans". Meaning any loans that are NOT FNMA,FHLMC,FHA VA or USDA loans.So any old subprime loans would no longer be eligibleSee More
Jeannine Mitchell joined Bryant Tutas's group
Freedom Mortgage
This group is for information, tips and solutions for Freedom Mortgage short sales.Main number 800.274.6600See More
Alexis Adams replied to Alexis Adams's discussion CFPB Regulation - Waterfall Process"Update: got same information from BOA except they advised that this applies to ALL loans, not just govt."
Alexis Adams posted a discussionCFPB Regulation - Waterfall Process
Hi all - I was advised by Ditech today (10/11/17) that any short sale that is currently under review with an INCOMPLETE or PARTIAL submission package (even outstanding document request) would be pulled from short sale on 10/15/17 and referred to…See More
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