Special Report on
Debt Settlement Anaheim Finance Loans
Debt Settlement Anaheim Finance Loans - Trends
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Will these condos previously not available for FHA, be eligable starting Oct 1st when the new rules for the "spot check" or whatever its called go through? Wed Aug 19 2009, 13:27 Porchlight - origination environment is brutal, isn't it? In Florida, PMI is virtually unavailable for condominiums. We... have... THOUSANDS of unsold condos. The exclusion of buyers without 20% down on developments that can't get FHA spot approvals is killing developers left and right - and that's before considering the impact of the free-for-all going on now with lending guidelines and investor scrambling. I can't ...
But when you come down to it, between the GSE’s (which are now departments of the Federal Government), TARP, and the outright purchase by the Fed, SOMEONE received 100 cents on the dollar for every loan, whether in default or otherwise. Add in insurance, credit default swaps and credit “enhancements” (i.e., commingling of money contrary to the explicit terms of the borrowers’ promissory notes) like over-collateralization and cross collateralization, it would be a fair statement to say that everyone of the mortgages CLAIMED to be in pools that were subject to various ... Read More
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