As lenders become more willing to work out loan modifications with sinking homeowners, will struggling mortgage brokers switch from originating loans to modifying the very loans they sold only a few years prior?
As the likelihood of a significant drop in long term rates is looking slim, many mortgage brokers are left wondering where the next paycheck is [...]

So it is expected that the government will announce plans later today to try to stem the tide of delinquent mortgages heading for foreclosure by adding Fannie Mae and Freddie Mac to the list of lenders who will be making a concerted effort to modify bad loans. Fannie and Freddie join Bank of America (formerly Countrywide), [...]

As I posted previously, the numbers are somewhat frightening as market data continues to come in regarding home prices in Denver. I have had the conversation numerous times with both clients and colleagues but as they say, a picture is worth a thousand words.
Perfect timing by my friend Spencer Barron as he sent me an email [...]