Homeowners in foreclosure can become the target of mortgage loan scammers who seek to take advantage of their situation. The Homeownership Preservation Foundation, 1-888-995-HOPE, is alerting homeowners to resources that will help them avoid being victimized by unscrupulous companies conducting mortgage loan modification and foreclosure rescue scams.
The VA approved lender, Met Life, recently changed their VA streamline guidelines. Many veterans and military were in the process of refinancing when the new changes were announced. Met Life stepped up and approved these loans for veterans that were already in the process of refinancing helping them save hundreds of dollars.
The National Mortgage Complaint Center says, "we are looking for a very specific group of homeowners in each state, who paid their payments on time, were not in the arrears, wanted a loan modification because they were upside down on their mortgage, and they then lost the house-little to no formal notifications from the bank." The National Mortgage Complaint Center says, "by now we are certain most homeowners have heard about all US State Attorney Generals investigating foreclosures in their states. Our investigation will attempt to clarify the most severe foreclosure fraud problems." Victims of a bank telling a homeowner to stop making mortgage payments, only to end up losing their home can contact the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at /NationalMortgageComplaintCenter.Com (/NationalMortgageComplaintCenter.Com)
New integration allows Avista Solutions customers to recognize and solve problems early in the loan process. Avista Solutions®, an award-winning provider of a web-based, end-to-end loan origination system, is pleased to announce its integration of EarlyCheckâ¢, a new service from Fannie Mae® that lets lenders identify and correct loan eligibility and data issues at any point in the business process. Avista Solutions completed the integration as Fannie Mae made EarlyCheck available to LOS providers during the weekend of September 25, making the company an early adoptee of the service.
Quicken Loans has pledged to pay-off the mortgage of one lucky client through its Thanks a Million Giveaway. This is in celebration of Quicken Loansâ upcoming one millionth closed loan.
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