Hi Everyone,
Here are some links that we talked about in class this morning:
Here’s the new report from Clear Capital on a possible housing double dip.
Here’s the link to USA-Foreclosure.com with stats on Idaho
There will likely be a request for more info on the IRS Mortgage Forgiveness and Debt Relief Act.
Here’s an article by Ken Harney on how a short sale or foreclosure effects a person’s credit score.
Tell your homeowners to look out for the new scam: Predatory Mortgage Litigation Services.
Here is the HAMP Policy Manual….all 178 pages. The HAFA program begins on pg 113.
There was a question about strategic defaulters on Wed and I asked everyone to save your “walk away” questions for today. Here’s the new report from FICO.
Here are the latest statistics on the HAMP program.
Here’s the Fannie Mae bulletin on strategic defaulters being locked out of a new mortgage. Freddie and FHA have similar guidelines.
There was a request for a link to the federal law that stipulates bankruptcies stay on your credit record for 10 years and all other derogatory info, for 7 years. Here you go. See page 22.