Podcasts about servicer

Understanding Mortgage Lenders vs. Servicers & Current Real Estate TrendsIn this episode, we break down the key differences between mortgage lenders and servicers. Learn how mortgage lenders help you originate loans and why servicers handle your monthly payments. We also delve into the impact of high interest rates and low home supply on the real estate market. Get insights into recent home price trends and comparisons of various listings in Santa Clara County, including some high-value properties and unique fixer-uppers.What's the Difference Between a Mortgage Lender and Servicer?High Interest is Keeping Home Supply LOWGet Your AC NOW Santa Clara County Highs and LowsLos Gatos Home of the Week Santa Clara County Price Reductions FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/HomebuyerchecklistHome Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist00:00 Introduction and Overview01:21 Role of Loan Brokers and Loan Officers03:45 Los Gatos House of the Week04:24 Highs and Lows of the Week06:40 Conclusion and Final Thoughts

Andrew, Ben, and Tom discuss Trump's latest comments on tariffs, Goldman's economic forecast, and Rocket buying Mr. Cooper. For information on how to join the Zoom calls live each morning at 8:30 EST, visit:https://www.narwhal.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhal.com/disclosure

Word for 2025 - "There's Death in the Pot!" (part 2)

In this week's episode of The TreppWire Podcast, we break down the news of Blackstone's dividend cut and discuss stronger-than-expected GDP. In a few deep dive segments, we look at SASB bonds backed by delinquent office loans, share a true analysis of bank office exposure, and provide the latest multifamily origination trends. We close with stories about loans moving to special servicing and new appraisal changes. Tune in now. This episode is sponsored by CREi Summit: creisummit.com/ Episode Notes: Please take our listener feedback survey: www.surveymonkey.com/r/BMPXLHG Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp

[National Mortgage News] The CFPB issues a consent order against a former national HECM servicer. [Reverse Market Insight] RMI's Market Minute with Jon McCue brings you the latest trends in HECM loan volume, regional trends, and more. [National Consumer Law Center] Industry Advocates Highlight Measures to Counter Elder Real Estate Fraud. Watch our video podcast here!

Join us for an insightful episode of Real Estate Power Play Podcast featuring Sadhna Cordell, an expert in seller finance loan servicing!In this episode, John reveals:The critical role of a loan servicer in seller-financed dealsHow professional loan servicing can streamline your real estate transactionsThe key tasks a loan servicer handles to ensure smooth operationsTips for selecting the right loan servicer for your needsInsights into navigating compliance and legal challengesHosted by Mark Monroe, this episode is packed with valuable knowledge and practical tips to elevate your seller financing strategy to new heights. Don't miss out on Sadhna Cordell's expert insights!Tune in now and take your real estate game to the next level!#SellerFinance #LoanServicing #RealEstateFinance #CreativeFinancing #RealEstateInvesting #RealEstateTips #SellerFinancedLoans #RealEstatePodcast #InvestingInRealEstate #FinancialStrategies #PropertyManagement #RealEstateSuccess #FinanceExpert #RealEstateCommunity #RealEstateEducation #MortgageServicing #EscrowManagement #PodcastEpisode #RealEstateInsights #InvestorTips

Thank you again to today's podcast sponsor, Stavvy. Stavvy offers a flexible and fully customizable Loss Mitigation solution. Servicers can easily adapt to regulatory updates and market conditions, providing a seamless, customer-centric digital experience. Stavvy transforms a potentially stressful time for customers into a streamlined, secure process.

In questa nuova puntata discutiamo di crediti cartolarizzati e attività di recupero del credito e, quindi, anche dell'attività dei cosiddetti servicer. Quali novità ci sono state negli ultimi mesi sul fronte giurisprudenziale? E quali sono gli effetti?Ne parliamo con Luciana Cipolla e Luca Sblendorio, entrambi Partner dello Studio.

On this week's episode of The Way Home, guest host Katie Givens, Freddie Mac's Director of Sales chats with Jennifer Whip, Principal, Cambridge One, to explore the actionable strategies to, and benefits of, becoming an approved Freddie Mac Seller or Servicer.

When banks let you take out a mortgage, the money they lend you might come from their reserves. But more often than not, banks turn around and sell your loan to an investor — and make an instant profit. In this episode, all about the secondary market for mortgages. Plus, JPMorgan Chase invests in its brick-and-mortar presence, household debt ticks up, and why China’s stock market is struggling.

When banks let you take out a mortgage, the money they lend you might come from their reserves. But more often than not, banks turn around and sell your loan to an investor — and make an instant profit. In this episode, all about the secondary market for mortgages. Plus, JPMorgan Chase invests in its brick-and-mortar presence, household debt ticks up, and why China’s stock market is struggling.

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.

 On this show Matt, Will, and Rabih review the recent numbers for inflation, jobs, and the market; analyze Dave Ramey's latest viral opinion on childcare costs; and give an update on problems with student loan servicers.  Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

[National Mortgage News] How one reverse mortgage servicer is utilizing AI [NRMLA] HUD updates HECM loan servicing policies [RMD] Why one analyst predicts baby boomers will move to sell their homes Watch our video podcast here!

Thank you for tuning in to our election series. We are pleased to have brought you all five mayoral candidates. Please make sure you listen to each candidate's episode to ensure you can #voteintheknow !Follow us on instagram @thestonecrestpodcastSubscribe to our newsletter by clicking hereDR. DIANE DANIELS ADOMAwww.dianeformayor.comDr. Daniels Adoma is the current owner of Diane Adoma Consulting LLC a professional management woman owned firm who specializes in training, communications, and marketing. She is the former owner of Adoma & Associates DBA H&R Block in Rockdale County and was the first Black American to own franchises in the southeastern united states. She is currently a Public Information and Communications Coordinator subcontractor for the largest project that GDOT has awarded in DeKalb County and this year her firm reached a major milestone in growth.Her past work experience spans more than 25 years with fortune 500 firms such as CNN, AT&T, and others. Diane Adoma Consulting LLC is currently certified through SBA as a Woman Owned Small Business and is certified as a Minority Woman Owned Business and a Disadvantaged Business Enterprise in five (5) states. Dr. Adoma has a doctorate degree with an emphasis in Human Resources Management, a master's with an emphasis in eCommerce and a bachelor's degree in marketing. She is also a published author and an expert in small business research in Georgia with her writings available in libraries across the nation.With a passion for small businesses, Dr. Adoma launched the “100 Women 100 Million Dollar Project” to help women become government contractors. Her community involvement spans across not just Georgia but around the world. As Vice President of Governmental Affairs for the largest chamber for people of color in Georgia she is also the membership chair for the Tucker Rotary Club. She has volunteered with Georgia Greater Black Chamber and ATL Airport Chamber and the Conyers Rockdale Chamber. In addition, as a member of National Council of Negro Women she hopes to one day be president to continue to inspire and motivate women that failure is simply a “stepping stone to success”.She has formerly volunteered with United Way, Big Brothers Big Sisters, Be Someone Inc, Beverly Cunningham Foundation, American Businesswomen's Association, Eastern Star, NAACP member, ACLU and many more. Dr. Adoma is often referred to as “Little Shirley Chisholm” and she is a former Stonecrest City Councilwoman and Mayor Pro Tem and a graduate of Leadership DeKalb and Leadership Rockdale, Georgia Economic Development Academy, Minority Women Disadvantaged Business Enterprise, Rotary Paul Harris Fellow, recipient of global Rotary Five Avenues of Servicer, two times congressional recognition from Congressional Hank “Henry” Johnson, Bold and Courageous Award, Titan Award and the James P. Culpepper Volunteer of the Year Award and many more.Dr. Adoma has two children; a daughter who is a graduate of Stanford University who is a pediatrician and a son who is a local business owner and is a member of Greater Piney Grove Baptist Church and chairs the business ministry.In her spare time, she enjoys spending time with her grandchildren, walking, cooking, reading, traveling, and attending the opera. Her passion for quality education is exemplified in her journey from “GED to PhD”.Support the show

Today's podcast is brought to you by SimpleNexus, an nCino Company, and award-winning developer of mortgage technology for modern lenders. SimpleNexus leads the pack in mortgage technology innovation, continuously introducing new features that enable lenders to support borrowers at every step of the homeownership journey. Learn more at simplenexus.com.

Welcome to Season 8 Episode 10 of the Naked Notes Podcast!  This week Jasmine and Shelby are talking loan Servicing Companies and how much communication should you be having with your Servicer?!  Part of being a professional and responsible lender is having a good Servicer on your Team.  One of the biggest compenents of a "good Servicer" is communication - how much do they communicate to you and how?  Is it via their portal, emails, etc.?  Listen in as Jasmine shares a tip for all note investors to implement in their day to day processes! Listen each week to the NAKED NOTES PODCAST to get the latest tips and tricks on making seven figures and beyond in the world of distressed debt.    NAKED NOTES YOUTUBE NAKED NOTES FACEBOOK NAKED NOTES SHOWNOTES

Josh is the CEO and founder of Blokes Modern Men's Health as well as Joi Modern Women's Health, which are telehealth services aimed at helping men and women have greater access to labs, optimize hormone health and improve their quality of life. In our conversation, we discuss the antiquated ways of personal healthcare, the importance of testosterone for men and women, and also how peptide treatments work in the body. Timecodes: (1:03) - Working With Your Spouse (2:42) - Being a User Before a Servicer (6:04) - The Rise of Mens Health Clinics (8:26) - Healthcare Roadblocks For Men (11:38) - Why Men Don't Check On Their Health (14:11) - My Experience (15:26) - Common Causes of Low-T (17:15) - Ways To Naturally Boost Testosterone (19:22) - Black Market vs. Pharmaceutical (24:20) - How Often Should You Get Blood Work (25:03) - Importance of Donating Blood (26:23) - Is TRT for Life (30:00) - Utilizing Clomid Instead of TRT (31:29) - Why Women Need Testosterone (33:57) - Should All Ages Get Blood Work Checked (36:04) - Extending Quality of Life (37:52) - What Are Peptides (39:44) - What is NAD+ (41:42) - Functional Health Reports (43:47) - At-Home Testing For More: Support the Podcast Follow Brock's Instagram Follow Brock's YouTube Follow Josh's Instagram Follow Blokes' Instagram Learn More about Blokes --- Support this podcast: https://podcasters.spotify.com/pod/show/zero-quit-podcast/support

Leave a comment and share your thoughts: https://open.firstory.me/user/cl1iz13pq047b0h3n6uyvakqk/comments Powered by Firstory Hosting

Charlie Weston, Personal Finance Editor, Irish Independent, and Anthony Joyce, Principal of Anthony Joyce & Co Solicitors, discuss a case involving Pepper Finance, acting on behalf of a so-called vulture fund, that was ordered by Tullamore Circuit Court to offer a couple a fixed rate of 2.5% over 25 years.

We break down why student loan servicer changes happen and how you can minimize your stress and frustration during the process. The post What Happens If Your Student Loan Servicer Changes? appeared first on The College Investor.

Leave a comment and share your thoughts: https://open.firstory.me/user/cl1iz13pq047b0h3n6uyvakqk/comments Powered by Firstory Hosting

Matt has over 22 years of experience in affordable housing and community development. He has developed hundreds of affordable homes including rental and for sale in the Sacramento, San Francisco Bay and Monterey Bay Areas. In his consulting capacity he serves in several leadership roles including as the Director of Northern CA for PATH Ventures and as Senior Advisor for the Monterey Bay Economic Partnership. He has led nationally recognized housing programs including a HUD Certified Counseling Agency and Fannie Mae 1st Mortgage Seller and Servicer as the former Executive Director of Neighborhood Housing Services Silicon Valley. Matt serves on the Boards of the Non-Profit Housing Association of Northern California Action Fund and the California Coalition for Rural Housing. He earned a B.S. in Community and Regional Development from the University of California at Davis where he also served as the President of the Associated Students during his senior year. Matt is based in Salinas where he enjoys spending time outdoors with his wife and 3 young children. HealthCare UnTold honors Matt for his dedication to improving the lives and health of our communities by committing his career to building Affordable Housing and Community Development.#matthuertaconsulting#housingishealth#housingisaright   

Be The Bank S5 Ep1 - Marry the Investment and Date the Servicer On episode 1 of season 5, Justin Bogard talks with Lauren Glory of BIFI Loan Servicing! Key Takeaways:How does a loan servicer benefit you?Cost of doing businessProcesses are crucial!Resources and links discussedVideocast on BrightPath Notes YouTube ChannelBrightPath Notes Website - https://brightpathnotes.comAbout the HostJustin Bogard – Note Investor specializing in performing Residential Real Estate Debt. He finds deals and acquires them for his own portfolio as well as educates investors while walking them through the process of owning a Real Estate Note!Connect with the Host:Facebook - bethebankTwitter - bethebank1Instagram - bethebankpodcastConstant CashFlow - https://brightpathnotes.com/constant-cash-flow/BrightPath Notes - https://brightpathnotes.com/Monthly Broadcast - https://youtube.com/playlist?list=PLzc944w1xydt5aLDrrEPHJhdJeDkBjjD4

[RMD] Celink is now HUD's official HECM loan servicer [MarketWatch] A hot market cools way down [RMD] Behind the scenes on FAR's acquisition of AAG's direct sales channel

This episode is also available as a blog post: https://tcpaworld.com/2022/08/08/debt-collection-limit-court-finds-servicers-neutrally-worded-voicemail-advising-of-payment-options-does-not-constitute-debt-collection/

Stay current with critical changes to the student loan rules in this episode. In it, we discuss how the government is addressing miscounts of payments made toward student loan forgiveness and also ways they're trying to give you more months counted toward your forgiveness under the IDR and PSFL programs. We also discuss the massive shakeup in those companies servicing your student loans. 

The Cybercrime Magazine Podcast brings you our daily alert, which provides boardroom and C-suite executives, CIOs, CSOs, CISOs, IT executives and cybersecurity professionals with a breaking news story we're following. If there's a cyberattack, hack, or data breach you should know about, then we're on it. Airs every day on WCYB and our podcast. For more on the latest cyberattacks, hacks, and breaches, visit https://cybercrimewire.com

The Cybercrime Wire, hosted by Scott Schober, provides boardroom and C-suite executives, CIOs, CSOs, CISOs, IT executives and cybersecurity professionals with a breaking news story we're following. If there's a cyberattack, hack, or data breach you should know about, then we're on it. Listen to the podcast daily and hear it every hour on WCYB. The Cybercrime Wire is sponsored by Deloitte Cyber. To learn more about our sponsor, visit https://deloitte.com/cyber • For more breaking news, visit https://cybercrimewire.com

Celink is HUD's New HECM Servicer Reverse Market Insight's Market Minute Update The 10-Year Constant Maturity Treasury is on a tear

As a follow-up to our FREE presentation CLE webinar on Prelitigation Strategies and Practices, we offer an open mike Q&A on tonight's show. Please think about your questions in advance and refrain from long monologues about your case. Here is the obvious premise of this work: If as a consumer you have executed a promissory note and mortgage (or deed of trust) and you think that there is a loan account receivable somewhere that is owned and maintained by some lender or creditor, you are most likely incorrect. Most homeowners make the mistake of thinking that the QWR and DVL are simply “form letters.” If that were the case, we would provide you with the template and you could send it out yourself. And back in the old days (pre-1995) that would be entirely appropriate for settling any disputes regarding the proper allocation of payments or any other issues. The statutory foundation for the creation of the QWR and the DVL was designed to resolve potential disputes between the debtor and the creditor. Today, the situation is different. We already know that there is no valid claim against the homeowner and that there is no valid claimant. We also already know that any company that is claimed to be a “servicer” neither has any legal authority to act as such (from anyone) nor does it perform any functions that are normally attributed to a company claiming to be a servicer. So while the legislative intent for providing consumer remedies in RESPA and the FDCPA was designed to resolve disputes, the procedures contained within those statutes are now used by homeowners to start a dispute — because, without a history of disputing the claims made to administer, collect or enforce any alleged obligation due from the homeowner, it is much harder to mount an effective defense.

Join Student Loan Planner consultants Lauryn Williams, CFP®, CSLP®, and Meagan Landress, CSLP®, to discover what's new and exciting about the PSLF Waiver and the servicer changes. They're sharing what they're seeing “on the ground” with real-life scenarios of the PSLF Waiver and servicer changes happening for borrowers. In today's episode, you'll find out: What's happening to PSLF folks that have moved from FedLoan to Mohela What is the PSLF Waiver and how does it work? How to know if you qualify for PSLF Waiver How temporary is the PSLF Waiver loan forgiveness opportunity? When do you sign up for it? Everything you need to know about the PSLF Help Tool & How to use it to sign up for the waiver What the PSLF recertification process looks like Why would a loan servicer call me? & A real story of this happening to one of our clients Listener Q&A to learn about FFEL loans, forgiveness, recertifying income, and more   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Google Podcasts Leave an honest review on Apple Podcasts  Follow on Facebook, Twitter, or LinkedIn   Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan

November 28, 2021, Sunday After noon Servicer.

November 28, 2021, Sunday Morning Servicer, with Pastor Ron Hawkins.

Your loan servicer will have a ton of useful information on your loans available to you. But they can be confusing and hard to understand, and no two servicers use the same format. You have all this data at your fingertips, but it's hard to find value if you can't interpret them. In this episode, Dan Deppen goes through some of the most common lender portals and guides you on navigating them. Plus, Dan shares what's the most complex versus the least cryptic portals there are. Stay tuned!   Love the show? Subscribe, rate, review, and share! Here's How » Join the The Note Investor Community today: fusionnotes.com

Did you know there was appliance service associations? Well there are and today we are joined by Dylan, David, and Anthony to chat about United Appliance Servicers, ASTI, and Appliance Hub (the appliance Dive Bar) Dylan is a former board member, David is a current board member along with Anthony. Hopefully you can keep up with the back and forth antics, if no sit back and laugh anyway. Somewhere along the way we lost TK so don't mind the slightly jarring cut to Zach re-explaining the question. #blameTksInternet https://www.unitedservicers.com/ https://www.unitedservicers.com/asti-2022/ $50 off Asti reg promo code TKCuz https://www.unitedservicers.com/paul-macdonald-scholarship/?fbclid=IwAR0cd7NjcH_u2LX_EA5gbcDawehIXodcJ6UHHWhf0w8w7-ApSU7O4llfQtM https://www.facebook.com/groups/776972982904955 THEAPPLIANCEALLIANCE.com Links To Help Grow the Community: Patreon: https://www.patreon.com/appliancealliancepodcast Discord: https://discord.gg/MEQygz24 Appliance Alliance Podcast Facebook : Check us out! Some updates and fun BTS stuff happens here https://www.facebook.com/ApplianceAllliancePodcast Appliance Techs Giving Back group : We've been blessed and we want to give back. Raffles and other fun stuff happening here https://www.facebook.com/groups/508625820101449 **Associate Links to tools, help grow the podcast and give back to the community: Appliantology.org 10% off any MST Course Promo Code: ApplianceAlliance HouseCall Pro Discount: Big savings on the first three months! https://www.housecallpro.com/ApplianceAlliancePodcast FieldPulse Discount : 10% off discount https://www.fieldpulse.com/?utm_source=linkmink&utm_medium=affiliate&utm_campaign=ApplianceAlliancePodcast&lmref=eHzfNg Workiz: Grab your free 14-day trial + 20% off 3 months with our discount link! www.workiz.com/appliancealliance --- Support this podcast: https://anchor.fm/appliance_alliance/support

Regular people think that going to court is winning a point and finding vindication in the judgment of the court. But lawyers know that going to court is all about keeping in control of the narrative. So it should come as no surprise when people feel railroaded because they know or understand that the opposition has no case against them. They still lose. Why? because they lost sight of the real prize: just winning. Not vindication and not a judgment that puts the opposing lawyer and client in jail. Just winning. Winning is all about what lawyers call the prima facie case but only lawyers understand the true nature of every prima facie case. It is only the case that has been pleaded in allegations of a well-pleaded complaint that asserts a short plain statement of ultimate facts upon which relief COULD be granted. Notice the word could is not would or will. It is could because without proof the prima facie case fails and judgment is entered for the homeowner. And that is what you want, right? So the goal of every foreclosure defense attorney is to interfere with the ability of the foreclosure mill to put on a case. See https://livinglies.me/2020/01/09/tonight-whats-in-a-label-everything/

Are you looking for a licensed loan servicer that understands your needs as a note investor? Do you need a servicing company that values communication, compliance, and competence? Then you may want to know more about the new loan servicer in town. Chris Seveney and Jamie Bateman's guest today is Shante Duffy. Shante talks about how her new company, BIFI Loan Servicing, LLC, aims to meet the needs of all note investors at by filling in the gaps that most other servicing companies end up widening. Learn more about how your loans can be in good hands by tuning in today!Love the show? Subscribe, rate, review, and share! http://gooddeedsnoteinvesting.com/

On the show today Damon Day and I focused on reduced mortgage payments for people behind on their federally backed mortgage loans after Covid forbearance ends, why it is so easy to make bad emotional decisions, and adios to FedLoan Servicing. Steve Rhode Get Out of Debt Guy GetOutOfDebt.org --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/get-out-of-debt-guy/message

L'AD di La Scala Christian Faggella, analizza in questa puntata di IusPod le criticità del sistema del recupero crediti, partendo dal tema delle possibili aggregazioni nel mondo dei servicer e della loro capacity per far fronte alle esigenze del mercato. Queste tematiche sono anche state oggetto di confronto e analisi da parte di Christian Faggella durante l'ultimo Credit Village Spring Day, dove si è fatto il punto sul mondo dei crediti deteriorati e soprattutto sulle nuove sfide imposte dalla pandemia.

Rae Kaplan, from Debt Relief Attorney Law Firm, joins John Williams. FedLoans will not be extending their contract with the Department of Education and loans will be transferred to a different servicer. Here’s what Rae recommends you do before the switch happens in December.

Rae Kaplan, from Debt Relief Attorney Law Firm, joins John Williams. FedLoans will not be extending their contract with the Department of Education and loans will be transferred to a different servicer. Here’s what Rae recommends you do before the switch happens in December.

There is a logic to the laws governing litigation and trial procedure, which is often based on fact. But those who really know how to apply those protocols also understand how they can be twisted away from the facts. And that is the problem for the homeowner. Ignorance of these protocols is no excuse, and those protocols can kill your chances of winning in court. If the initial cut by the surgeon severs an artery supplying blood, nutrients, and oxygen to the brain, there are only a few minutes to correct the problem --- if it can be corrected. An initial error by the trial lawyer can sever the chances of ever winning the case. In foreclosures, the trial lawyer is often the homeowner without a lawyer because few lawyers can be found to take these cases. So the defense narrative is never fully developed under such circumstances. that means that at the outset, the artery is cut. The litigation plan is never considered must less decided upon, with various alternative plans based upon obstacles that appear during litigation. And the most common mistake is referring to a servicer simply because that is how it was presented.

Today we have a unique episode for you of a recorded call Daphné had with a student loan servicer. We hope that this episode will help you before you call your student loan servicer and ask for details about your student loans. As you've heard from other guests of the show, the first step you need to take in paying of your student loans is gathering all of the details and options available to your specific student loan scenario. So, without any further ado, let's get to it.

We break down why student loan servicer changes happen and how you can minimize your stress and frustration during the process.

Lauren Daniels MBA, is the owner of Sumptuous Spirits, a full-service bartending company that curates upscale bar experiences in Michigan and Illinois. Daniels has curated bar experiences for Google, We Work, The Lip Bar, Moosejaw, and more. Hear how the author of “Girl's Guide to Quarantine Cocktails”  gives women over a dozen tasty cocktail/mocktail recipes to whip up from the comfort of your home. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/taylor-a-williams/support

FHA is NOT Dead; Forbearance is NOT Forgiveness, and this Market of the Moment is all about Liquidity After spending hours reading the 880-page Stimulus Package that rolled out on Friday; as well as the Ginnie Mae Letter proposing a Pass-Through Assistance Program (PTAP) I have come to a few conclusions. Let's start with FHA. FHA is NOT Dead! I have heard too many rumors around this from lenders and Realtors alike. Just as many other loan products, FHA has to change in this environment but it is not going away. FHA loans with FICO scores under 660 have historically high default rates. Add to that our current mortgage forbearance environment with homeowners out of work; Servicers are not able to continue paying investors (as they are required to do by Ginnie Mae) when they have no money coming in (i.e. no mortgage payment revenue). This servicer crunch is the essence of the Ginnie Mae letter setting up a PTAP. The relief this provides is to be determined. So in the meantime, lenders and servicers have to protect themselves by shrinking the credit box.. i.e. higher credit scores and lower debt to income ratios. Second, Forbearance is NOT Forgiveness; it also isn't deferment. ----more---- Today Servicers are doing the best they can to answer all of the inquiries. Remember, we just came off of historically low foreclosure rates. Many Servicers were not staffed for times such as these. New information keeps coming out, especially as the 880-page bill is rolled out. If you can, you are best served to make your mortgage payment. it will keep you on the road to wealth building. If you can't, contact your Servicer. For the most part, they are offering 90-day forbearance options, which simply means delaying your payments until the end of that window (with all past due amounts owed at that time). At the end of 90 days, borrowers and Servicers will reassess their options based on agency and investor guidelines. Those options include: ​ pay the back amount owed in full start another 90 day forbearance period go into deferment, i.e. moving the amount owed to the end of the term do a loan modification start the foreclosure process Lastly, Every Market has its Moment ​ This moment calls for liquidity!! First for opportunities. Second for protection. This market is unlike any other in the past and our hot spring market could be delayed. Think about your funnel.. anyone in it is closing.. so March and April are still great months. May and June however, are dependent on the top of the funnel, which right now is mostly on hold. Agents, protect yourself now by reassessing your budget and save your commissions. Because as much as May and June might be slow.. there will be opportunities on the other side! The housing market was strong going into this and will be strong coming out! Stay tuned as I send out more regular updates. And give us a call if you want to know what this means to you! Our team is ready to not only keep you informed but support you! Nicole Rueth, SVP The Rueth Team 750 W Hampden Avenue, Suite 500 Englewood, CO 80110 303-214-6393 www.TheRuethTeam.com Connect on social media: Follow me on FB: https://www.facebook.com/theruethteam/ Twitter: https://twitter.com/nicolerueth Linkedin: https://www.linkedin.com/company/the-rueth-team-fairway-independent-mortgage/ YouTube Channel: https://www.youtube.com/channel/UCPMdb94tUNMMsUTgdWRMDKw Nicole Rueth (NMLS 239840) is licensed to practice on behalf of OneTrust Home Loans (NMLS 46375) in the states listed below. For full compliance verbiage, visit theruethteam.com/compliance/. AZ, CA, CO, FL, ID, IL, IN, KS, MI, MN, MS, MO, MT, NE, NM, NC, OK, OR, TN, TX, UT, VA, WA, WI, WY.  

Here are three options you can choose from RIGHT NOW to increase your liquidity, and your cash on hand using your home. Do a cash-out refinance. Yes, a cash-out refinance might have a higher interest rate; but when used as a financial strategy, that does not matter. What if you could pay off all other debts and/or add cash to your savings account right now. Equity in your home is illiquid, locked up and not serving you. If we could instead convert equity to cash to pay off debts, we could save hundreds, if not thousands, of dollars a month. If rates continue to be low, and I feel strongly they will, we can then do a refinance in six months to lower your payment and secure your financial future. Get a HELOC. A HELOC is a Home Equity Line Of Credit. This is a second loan that sits on top of your current first mortgage. It is typically a variable interest rate and acts like a line of credit you can draw from. You can get a HELOC on a primary home, second home or investment. There are several second lenders who are no longer originating. Don't worry! There are others who are, and I have the list. Feel free to reach out, I can provide the best referral options. Request a Mortgage Forbearance. This needs to be requested through your Servicer.. the company you write your checks to each month. Forbearance allows you, the borrower, to apply for a pause in mortgage payments without the risk of negative credit reporting and foreclosure proceedings. The length of time available will be determined by the duration of this crisis. ----more---- Please know we are here to serve you in any way we can, including pointing you to the appropriate resources. Wishing you and your family good health and stability. Nicole Rueth, SVP The Rueth Team 750 W Hampden Avenue, Suite 500 Englewood, CO 80110 303-214-6393 www.TheRuethTeam.com Connect on social media: Follow me on FB: https://www.facebook.com/theruethteam/ Twitter: https://twitter.com/nicolerueth Linkedin: https://www.linkedin.com/company/the-rueth-team-fairway-independent-mortgage/ YouTube Channel: https://www.youtube.com/channel/UCPMdb94tUNMMsUTgdWRMDKw Nicole Rueth (NMLS 239840) is licensed to practice on behalf of OneTrust Home Loans (NMLS 46375) in the states listed below. For full compliance verbiage, visit theruethteam.com/compliance/. AZ, CA, CO, FL, ID, IL, IN, KS, MI, MN, MS, MO, MT, NE, NM, NC, OK, OR, TN, TX, UT, VA, WA, WI, WY.  

If ubiquity were a commodity, there's a certain kind of sales professional whose payoff would be like winning the lottery. Called the “servicer” type of seller, they're known for providing ever-present customer service to their clients. Likely, they call or email many times per week; stop by for a chat on a regular basis; and go out of their way to make sure that at the first sign of trouble, the problem is taken care of with minimal hassle and maximum smiles. But, how much is too much? Does the perpetual customer service mode that the “servicer” seller is locked into, actually pose a risk to your sales organization? And how can you best put some guardrails on the “servicer” to ensure they are as productive as they are helpful? In Episode 3 of our five-part podcast series, “5 Types of Sellers,” The Brooks Group's Tony Smith and Drea Douglass attempt to decode the role of the “servicer.”