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Are there any banks that still hold mortgages in house?

My husband and I did a short sale on our home 4 years ago.  This was due to series of circumstances beyond our control.  We did everything we could to sell/rent the home and could not,  The lender was not willing to do a mortgage modification because we were no longer living in the home and they did not do mortgage modification on properties that were not primary residence.  (We were not living in the home because of a job loss and after several months he took the only job he could find out of state, then we found out his father was dying so we went back home to FL.  He didn't make the income to qualify for squat at that time so instead of a modification they said there was nothing they could do for us) We now both have 700+ credit scores, the only negative trade lines are the 1st and 2nd both with Regions.  We have never been late on anything else.  We make over 300K a year.  Our debt ratio is 20% including the 2075 a month we have paid in rent perfectly on time for 2+ years and we are seeking a mortgage that would be 11% of our income. In our lines of work about 14 years, current job 4. 10% down. Seems simple....here is the kicker and a warning to everyone trying too do the right thing.
We agreed to pay back the balance, not forced to do it-we wanted to.  We thought after 4 years and 10% we were ready to buy.  We pulled our credit and found that there were some descrepancies in how the mortgage was reported.  We requested that it be corrected and Regions researched and found that it was incorrect and corrected it.  That is the problem.  Now the date of last report is when they made the correction.  We cannot pass desk top underwriting.  Crazy!!! We thought we were doing things correctly.  Fannie Mae says that the "date reported" is what they go off of.  Even though we can show the property was sold 4 years ago.  Any suggestions?
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September 10 2013 - Nashville
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I have helped customers with similar situation when Desktop Underwriter does not approve this.  In this circumstance, regarding shortsales, we have been successful manually underwriting these files and closing the loan.  Please feel free to contact me via my profile.

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September 25 2013
Yes, several banks will do portfolio loans.  Local options include Volunteer State Bank, Pinnacle Bank, and most credit unions.
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September 11 2013
Yes, some 'local' banks and credit unions do them - and they are very flexible in the qualifications, since they don't have to package them for sale.
Their local loan officers have some say and the loan committee is local.
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September 10 2013
There are banks that have a product called a Portfolio Loan. They will hold these loans in house under certain circumstances.
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September 10 2013
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We have the HUD statement and the credit report reflects that a settlement was accepted.  Also, a property search shows that the property was sold in 2009.  Date of last activity was 2009.  The first originally stated "settlement accepted after foreclosure process started"  We asked that the wording "foreclosure process started" be removed.  They never started a foreclosure on us, it was a negotiated short sale with the lender fully informed,  Second showed as "charge-off" when it should have showed "settlement accepted".  Both report correctly now, but asking for the correction caused the issue.
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September 10 2013
Do you happen to have any of your original paperwork showing that it was a short sale?  Perhaps, you could ask Regions and gather some type of documentation showing a short sale was completed?
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September 10 2013
 
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