Mortgage Update

By
Real Estate Mortgage Broker - LX Financial LLC
Mortgage Update - Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.

ARCHIVED BLOG POSTS

2008 

  The government is expected to announce up to $50 billion to directly address bad mortgages and millions of homeowners at risk of foreclosure. Roughly 10% of mortgages are in arrears, about 4 million loans, and roughly 7.5 million homeowners are under water. Let's say 10 million distress situati...
Posted over 5 years ago
I think it is inevitable that we will end up with a universal formula for loan modifications. The first initiatives are being touted now. I think it will take some time due two main reasons: The RE markets need to stabilize so that the losses can be quantified, and so that each loan mod granted i...
Posted over 5 years ago
Rates fluctuated a lot this week, ending on a high. My alerts are pointing to lower rates next week, but given current market conditions, I am not sure any forecast can be relied on. Loan modification services are popping up all over, and prospects are price shopping for the service under the mis...
Posted over 5 years ago
Many of our clients are in trouble: negative equity, re-set ARMs, high payments, missed payments, defaults, (short) sales, foreclosures, bankruptcies. I must admit that it now feels good to help people get the very best loan modifications so that they can keep their homes (and investments) and ha...
Posted over 5 years ago
Rainmaker
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Paul Luykx

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Mortgage financing news and topics, and meaningful advice for real estate professionals and consumers.