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CFPB Regulation - Waterfall Process

Started by Alexis Adams in Short Sale Discussions. Last reply by Alexis Adams on Thursday. 1 Reply

Awesome website!

Started by Jackie Gonzalez in Short Sale Discussions. Last reply by Brett Goldsmith Oct 11. 1 Reply

seller affidavit and acknowledgement

Started by Jackie Gonzalez in Short Sale Discussions. Last reply by Jackie Gonzalez Sep 16. 2 Replies

Cenlar Escalation

Started by Melody Medley in Short Sale Discussions. Last reply by Melody Medley Sep 20. 2 Replies

Can Buyers Lease Short Sale Property?

Started by Sharon Burgos in Short Sale Discussions. Last reply by Sharon Burgos Sep 20. 2 Replies

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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."
3 hours ago
Terry Hammill joined Brett Goldsmith's group
3 hours ago
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."
yesterday
Profile IconAlexis Adams and DENNIS ANNINOS joined Brett Goldsmith's group
yesterday
Profile IconJennifer Hafer, April Gerhardt, Aileen Coles Davis and 2 more joined Short Sale Superstars
yesterday
DENNIS ANNINOS added a discussion to the group Caliber Home Loans
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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
yesterday
Ron Galbreath liked Suzanne McLaughlin's group NationStar Mortgage
Friday
Jeannine Mitchell joined Bryant Tutas's group
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Freedom Mortgage

This group is for information, tips and solutions for Freedom Mortgage short sales.Main number 800.274.6600See More
Friday
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."
Thursday
Alexis Adams posted a discussion

CFPB 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
Oct 11
Brett Goldsmith replied to Jackie Gonzalez's discussion Awesome website!
"Thank you, we appreciate you being a member here and your contributions. Congrats on your closing."
Oct 11
Brett Goldsmith liked Jackie Gonzalez's discussion Awesome website!
Oct 11
Minna Reid replied to Shawn Lowery's discussion FHA Denial for Surplus of Income in the group NationStar Mortgage
"You can resubmit those....however streamline would be the easier way to go as she will have a hard time with FHA as a non owner occupant unless she moved for employment...FHA does not play nice when owners move out for no good reason.  As long…"
Oct 11
Profile IconMinna Reid and Shawn Lowery joined Suzanne McLaughlin's group
Oct 11
Jackie Gonzalez posted a discussion

Awesome website!

I had a condo short sale that was riddled with problems. Having a website where I can ask questions and get responses was helpful. It finally closed, and I wanted to say thanks!See More
Oct 11
Michael Hayley replied to Shawn Lowery's discussion FHA Denial for Surplus of Income in the group NationStar Mortgage
"1st review her revised financials to see if she really cannot afford the payments. then... 2nd: provide a letter of explanation why the error was made. 3rd: you are now going to have to prove every line on the financial disclosure. Go through her…"
Oct 10
 
 
 

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