News

Obama administration presents a look at life after HAMP

Feds provide a preview of what's next
Time is ticking on the government's Home Affordable Modification Program and Home Affordable Refinance Program, as both will end on Dec. 31, 2016. In a comprehensive report published Monday, the Treasury, HUD, and the FHFA say that while these programs are set to end this year, the government plans to continue working with the mortgage industry on various loss mitigation programs moving forward, but caution that the industry needs to be prepared to do more.
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Monday Morning Cup of Coffee: Is housing talk finally coming to the 2016 election?

A full rundown of all things housing in the race for the White House
Well, we're smack dab in the middle of election season now, and housing is thus far, decidedly not on the agenda. But is that all about to change? While Republican nominee Donald Trump didn't touch on housing in his acceptance speech last week, the Republican Party platform does call for significant changes to the country's housing finance system. As for the Democrats, the party made two big moves over the weekend that could bring housing into the conversation.
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Here's one unusual tip on how to beat out all-cash buyers

It's a competitive market out there!
When the market gets competitive, all-cash offers typically win out as inventory tightens and bidding wars commence. This leaves borrowers who choose to finance at an extreme disadvantage - until now. One unique tip from an article in The New York Times could be the key difference in locking in a home, but it's not for everyone.
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New York unveils $13 million program for cities' fight against zombie homes

New grant program uses Morgan Stanley settlement funds
The state of New York takes its next steps in its ongoing battle against neighborhood blight caused by abandoned foreclosures by unveiling a new program designed to help cities throughout the state fight back against the rise of zombie homes. And the state is using money from a massive settlement with Morgan Stanley to do it.
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Valuation Partners hires new VP

Jayson Dammen to oversee business in 10 states
Dammen brings over 25 years of experience in the mortgage industry, primarily as a correspondent lending executive. Most recently, he worked as an account executive in the correspondent lending division at Impac Mortgage Holdings.
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