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The Whistle BlowerTwisted Tales of the Mortgage Industry
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Twisted Tales of the Mortgage Industry
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Twisted Tales of the Mortgage Industry
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The Whistle Blower: FNMA Underwriting Sham 2: Subprime FHA Loans
http://mortgagewhistleblower.blogspot.com/2008/04/fnma-underwriting-sham-2-fha-loans.html
Twisted Tales of the Mortgage Industry. Monday, April 21, 2008. FNMA Underwriting Sham 2: Subprime FHA Loans. I keep hearing how the mortgage industry has reformed itself and how underwriting guidelines have been tightened- especially at Fannie Mae. Note: the following is an actual FNMA AUS approval on a FHA loan:. Needless to say, since this is a prime example of the quality of FNMA AUS/FHA TOTAL Scorecard decisioning on FHA loans, continued trouble with delinquencies and defaults are likely on the hori...
The Whistle Blower: Mortgage Broker Fiduciary Duty
http://mortgagewhistleblower.blogspot.com/2008/06/mortgage-broker-fiduciary-duty.html
Twisted Tales of the Mortgage Industry. Monday, June 16, 2008. Mortgage Broker Fiduciary Duty. While some mortgage brokers are fiduciaries, other are intermediaries. Intermediaries are best defined as 'selling' access to money, and are not required to place their borrower's best interest above their own. For a link to the MBA's comments in response to HUD's proposed RESPA rule. For a link to NAMB's comment in response to HUD's proposed RESPA rule. Excerpt from MBA letter:. MBA believes that this is best ...
The Whistle Blower: Reps Gone Wild: New Act Seeks to Eliminate FHA Approval Requirements
http://mortgagewhistleblower.blogspot.com/2008/06/reps-gone-wild-new-act-seeks-to.html
Twisted Tales of the Mortgage Industry. Tuesday, June 17, 2008. Reps Gone Wild: New Act Seeks to Eliminate FHA Approval Requirements. Temporary FHA Direct Endorsement Lender Participation Act of 2008. To view H.R. 6254. Of course, NAMB applauds the FHA Direct Endorsement Lender Participation Act which allows their members to circumvent FHA guidelines in order to originate loans and receive undisclosed yield spread premium payments from lenders without meeting FHA's approval criteria. You can view NAM...
The Whistle Blower: April 2008
http://mortgagewhistleblower.blogspot.com/2008_04_01_archive.html
Twisted Tales of the Mortgage Industry. Monday, April 21, 2008. FNMA Underwriting Sham 2: Subprime FHA Loans. I keep hearing how the mortgage industry has reformed itself and how underwriting guidelines have been tightened- especially at Fannie Mae. Note: the following is an actual FNMA AUS approval on a FHA loan:. Needless to say, since this is a prime example of the quality of FNMA AUS/FHA TOTAL Scorecard decisioning on FHA loans, continued trouble with delinquencies and defaults are likely on the hori...
The Whistle Blower: The Whistle Blower Blog is Moving
http://mortgagewhistleblower.blogspot.com/2008/07/whistle-blower-blog-is-moving.html
Twisted Tales of the Mortgage Industry. Friday, July 18, 2008. The Whistle Blower Blog is Moving. I am pleased to announce that the Whistle Blower Blog is moving to the Mortgage Lender Implode-O-Meter. As a big fan and supporter of the Implode-O-Meter, this is an exciting move and an opportunity to speak out for industry change. I encourage you to visit the blog at the new address and give me your feedback. Http:/ whistleblower.ml-implode.com/. Http:/ www.my-foreclosures.info. December 10, 2008 at 9:34 PM.
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mortgagewhistleblower.blogspot.com
The Whistle Blower
Twisted Tales of the Mortgage Industry. Friday, July 18, 2008. The Whistle Blower Blog is Moving. I am pleased to announce that the Whistle Blower Blog is moving to the Mortgage Lender Implode-O-Meter. As a big fan and supporter of the Implode-O-Meter, this is an exciting move and an opportunity to speak out for industry change. I encourage you to visit the blog at the new address and give me your feedback. Http:/ whistleblower.ml-implode.com/. Tuesday, June 17, 2008. To view H.R. 6254. What H.R....Of co...
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