Rob K. Blake - The Insider

Mortgage servicing companies are now in charge of performing loan modifications in addition to their normal duties.  Many are under-staffed which effects their peformance leading some to believe banks and mortgage investors really DON'T want to help. 

If you need help saving your home, come read about your service companies track record with loan mods.......read them by clicking the links below...

 Wilshire Credit Corporation Review, HSBC Mortgage Services Review, PHH Mortgage Services Review,  EMC Mortgage Corporation Review, Specialized Loan Servicing Review, Select Portfolio Servicing Review, Ocwen Loan Servicing Review, Litton Loan Servicing Review, HomEq Servicing Review, Central Loan Administration & Reporting (CENLAR) Review, Carrington Mortgage Services Review,Bayview Loan Servicing LLC Review, First Franklin Loan Services Review, Green Tree Servicing Review,  Aurora Loan Services Review, America's Servicing Company Review, Option One Mortgage - American Home Mortgage Servicing Review CitiFinancial Review, Saxon Mortgage Services Review.

I wanted to update everyone on all the category in which Terri and I publish mortgage, real estate, and investing articles on our websites.  You can see a listing of the Categories below.  Just click over and peruse...

I just finished a post about the new way the FDIC created to handled failed banks and lending institutions.  As of today with the failure of Silverton Bank, the FDIC opted to take receivership via a newly created "bridge bank".

Read all about here... 

Silverton Bank Fails - FDIC Uses Bridge Bank As Vehicle

I just finished answering a question by one of our readers of the Mortgage Insider Website.  It was a great question about the ramifications of lying on a mortgage application. 

I research the penalities and was shocked!  Civil and criminal penalities are the punishement if found guilty, but what really unnerved me was the "negligent" aspect of those who could be found guilty.

You will be too...click over and read

What are the penalties for lying on a mortgage application?

My partner wrote a post on our blog today about no points and no fees loans.  Can they make money without charging these fees?

 That sounds silly just saying it but the ads are compelling.  Mortgage companies do not do loans for free…nothing in the mortgage business is free.  So, with that said, when you see an ad for no cost refi or no fees or points you aren’t getting something free.

It isn’t a better deal…just a different one.  She wrote about the difference between a no cost refi and a no points refi.

So check it out and also remember she gives you actual wholesale mortgage rates everyday in her real rates daily podcast.

Thanks!

I just finished a post on what his wife reported as the suicide of Freddie Mac CFO, David Kellerman.  I researched his work website and other online sources that could shed some understanding on this tragedy.  The nation's hearts go out to the family of Mr. Kellerman...another victim of the mortgage crisis. 

Please click over to our "outside" mortgage blog and read ...

David Kellermann - Freddie Mac CFO - Commits Suicide