Rob K. Blake - The Insider

Is Your Servicing Company Executing Loan Mods?

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...

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.

Feds Create New Way To Handle Failed Banks

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

Lying To Get a Mortgage Could Put You In Jail!

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?

Online Lenders Reviewed

I reviewed the national online mortgage lender, Amerisave Mortgage. The review outlines all the contact info I found as well as all the consumer complaints I found.

There are a bunch...

just click those links.

Mortgage Tips For Week Ending 12-20-08

Here's is a recap of the weeks's best mortgage tips and mortgage rate updates from the Mortgage Insider website....

Wholesale Lender Rates - Episode 12-20-08

FICO Rate Adjustments - Mortgage Rate and Tip For 12-19-08

Village Homes - Mortgage Rate and Tip For 12-18-08

Record Low Rate - Mortgage Rate and Tip For 12-17-08

Federal Funds Rate Cut To Lowest Level Ever - Video

Locking Loans - Mortgage Rate and Tip For 12-16-08

Lennar - Universal American Mortgage Review

Par Rate

Refinance Calculation - Mortgage Rate and Tip For 12-15-08

Housing Price Floor - Foreclosure Auction Bidding - Episode 12-12-08

I'll keep you posted on a weekly basis here... of course you could always just subscribe to the podcasts and feeds directly ...use the link provided.

Happy Investing,

Rob

New Hard Money Tool - Free!

I shared what I call my "Hard Money Buying" worksheet on the main BiggerPockets blog this weekend...and just wanted to make sure I'm MY blog reader got it too.

You can download this excel spreadsheet ...HERE.

If you'd like to read my BP blog post that offered this tool...click here.

Happy Investing!

PS: Citigroup reported today...gold will hit $2,000 in 2009.