FHA is Hosting a Free Industry Conference Call on HAMP:
On Thursday, August 13, 2009, from 1:00 p.m.- 3:00 p.m. Eastern Time (10:00 a.m. Pacific Time) FHA is Hosting a free industry conference call to discuss FHA’s new Home Affordable Modification Program (FHA-HAMP).
As most people are aware by now Taylor Bean and Whitaker, the third largest FHA Direct Endorsement lender in the country and the 12th largest lender in the country has ceased operations. There will be ripple effects from this throughout the mortgage lending industry. Many hundreds of small mortgage brokers and community banks depended on TBW to close their loans.
Update 8/5: TBW Shuts Down
The third largest FHA lender in the country Taylor, Bean and Whitaker Mortgage has been suspended from FHA lending effective immediately. In addition, the Government National Mortgage Association (Ginnie Mae) is also defaulting and terminating TBW as an issuer in its Mortgage-Backed Securities (MBS) program and is ending TBW’s ability to continue to service Ginnie Mae securities.
Save $1500 or more by modifying your own mortgage. Or learn how to modify other people’s mortgages.
Try it out with no risk. Unconditional 100% Money Back Guarantee. As little as $7.97 to take a look!
Click on the picture for more information.
Do It Yourself Loan Modification
Here are more resources that are guaranteed to help you improve your mortgage business.
