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  • How to Sell a House When It's Worth Less Than the Mortgage: Options for "Underwater" Homeowners and Investors


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  • Getting Started as a Commercial Mortgage Broker: How to Get to a Six-Figure Salary in 12 Months


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    • how to sell mortgages FAQ

    Why are Banks in trouble if they sell mortgages anyways?

    Mar 09, 2009 by yair_marx | Posted in Other - Business & Finance

    I am confused, if banks package mortgages and sell them off to fannie/freddie or investment firms. how are they in trouble with all these homes defaulting? dont they sell most of these mortgages off anyways? or did they still keep too many bad ones themselves

    They have to buy back the deafults

    John Deere 4620 | Mar 09, 2009
    When banks sold mortgages to other lenders who is responsible for the original debt in terms of enforcement if?

    Aug 26, 2009 by fred at home | Posted in Renting & Real Estate

    How do banks who hold mortgage backed securities deturmine how much debt to write off if the original mortgage is still (presumably) enforced by the bank who first gave the mortgage

    Generally the bank that sold the original mortgage continues to service the debt. The debt is then classed as 'performing' or 'non performing' depending on whether payments are being made on time.

    Once a mortgage is three months or more

    Politically Correct | Aug 26, 2009

    Generally the bank that sold the original mortgage continues to service the debt. The debt is then classed as 'performing' or 'non performing' depending on whether payments are being made on time.

    Once a mortgage is three months or more
    Politically Correct | Aug 26, 2009

    Can a mortgage co sell mortgage after bk discharge and new mort co create new acct #?

    Sep 10, 2007 by sug642 | Posted in Credit

    Filed ch 13 in 11/2002 Mortg company filed claim and was dismissed by court. Sold mortg to new co in 2004 and they added to cr after the filing.,
    How do I dispute?
    We were discharged in April 2005.
    Original creditor filed a claim

    Has your bankruptcy been discharged? Or are you still on your payment plan? Did you let the house go? Or did you re-affirm the mortgage?

    It is very common for mortgage companies to sell mortgages, especially if there's bankruptcy. If

    bdancer222 | Sep 10, 2007
    How much does a bank make when they sell mortgages?

    Jun 23, 2008 by Mathgeek | Posted in Renting & Real Estate

    I bought a house in Sept. 2007 for $260,000. It was a REO property that had been vacant for 8 months. Immediately after buying it, I received a letter from Countrywide saying that they had purchased my mortgage. I then refinanced soon afterwards in

    great question! none of us has endless money. Your loan was not sold at face value but probably at 1.06%. That 6% is the lenders profit from CW for example who will make tens of thousands by servicing your loan. Some lenders never service a loan. They

    golferwhoworks | Jun 23, 2008

    how to sell mortgages news

    Finding a way out of the county's mortgage mess

    18.05.12

    LORAIN — With its boarded up windows and trash-filled yards, the house at 739 W. Ninth St. in Lorain is a neighborhood eyesore, but when Howard Goldberg saw the for-sale sign on the side of the house on a recent day, he called the toll-free number.

    Goldberg, Lorain’s Community Development Department renewal director, frequently calls numbers of what he suspects are absentee owners of foreclosed homes. The sign said the mortgage payment for the dilapidated home is $300 per month with a $300 down payment.

    “They’re carrying paper on a piece of junk,” Goldberg said after leaving a voice mail. “This is a classic case of an interim investor. It’s classic. There needs to be a way to make sure whoever’s selling this takes care of the property.”


    Source: Chronicle-Telegram

    how to sell mortgages about


    Applying Arithmetic to the Mortgage 5 Percent Retention Rule
    Business Insider - Jun 02, 2011 Applying Arithmetic to the Mortgage 5 Percent Retention Rule If one in ten of these mortgages go bad, then this implies an average loss of 0.125 percent on loans in this category. However, this calculation assumes that the bank can sell off a mortgage with less than 20 percent down at the same price that it can

    Short sales getting faster
    San Jose Mercury News - Jun 02, 2011 So, they turned to a short sale, which allows for a home to be sold for less than what is owed on the mortgage -- provided the transaction is approved by the lender. Unlike foreclosures, which can sell at substantial discounts, short sales tend to be

    SEC Case Stands Out Because It Stands Alone
    New York Times - Jun 01, 2011 That changed three years later, in 2010, when he achieved the dubious distinction of becoming the only individual at Goldman and across Wall Street sued by the Securities and Exchange Commission for helping to sell a mortgage-securities investment,

    JPMorgan, Credit Suisse Lead Treasury Mortgage-Bond Buyers
    Bloomberg - Jun 01, 2011 The Treasury has said it plans to sell as much as $10 billion a month. Today is the first time the Treasury disclosed buyers of the securities, which are guaranteed by government-supported mortgage-finance companies Fannie Mae and Freddie Mac.

    Call Centers Now Being Used to Sell Reverse Mortgages
    TMC Net - May 27, 2011 Reverse mortgages have gained in popularity with the current economy – and the use of call centers is being found to be profitable for the industry. It used to be that sales pros handling reverse mortgages would sit with their clients