Ken Kopper's Discussions

Is it really the fact that the buyer is receiving the DPA that is causing the delinquency or that these borrowers have inadequate reserves to be homeowners in the 1st place to deal with a emergency or brief financial setback? Also, doesnt the home have to appraise for the whatever the contracted purchase price..on a $200k purchase that only 6k which is certainly a small amount to be "inflated" on an appraisal

never know, his investor could be the mafia and he could be helping them launder money?? 

Has anyone had a chance to check this out?

I think their motto should be "Cut out the middleman and keep his/her commission on the front end but you pay double the YS he would have charged and disclosed to you costing you tens of thousands of dollars over the life of your loan"

so if it doesnt give you a reccomendation, then you shouldnt do the loan? Wow, it even has the tangible benefit test built into it!! I punched in a 30yr r/t on 190k loan @45%LTV p&i is 950 and I got nothing.. Click on the tips for a lower rate link and ENJOY!! for.... Insider Tips Most Loan Officer’s Don’t Know

ZR-DYCDDHL, All 3 of three of these are off..Not that many lenders out there doing 530 FHA deals and pricing @ 99 is 7.25%...I really feel like calling the lender quoting 5.875 and asking him how he is going to manage this one...Is this paying 10.00 in discount?

I also use the shrimp boat scene from Forrest Gump as motivation to tough this mess out but from the initial 6 months to now 2 years running..Who knows anymore? From the all the borrowers I have talked to in 1 piece ARMS resetting in the next 12months who are sitting @ 100% LTV++ and staring down $400+ payment adjustments, there may be still 3 or 4 more years of this still the dust starts to settle..

I have had several experiences in short sale transactions where both the listing/buyers agent had agreed to reduce their contracted fee to offset/absorb extension fees imposed by the shortsale lender for not closing on time. Would anyone here view that as a rebate? My view is better them then me reducing my fee. Their fault anyway for delivering me a ratified contract with a 15 day commitment to close. 

I have also seen agents (hot air ballons) hand borrowers personal checks right outside of closing. When I confronted the agent, they just told me their office wouldnt allow a credit so they were giving it to them outside of close.

It almost seems to be me that the loan servicers/lenders are penalizing the borrowers who are making their payments on time and just assuming that they will find a way to keep making that payment. Rather than working with them, it seems like they are focusing all their efforts to "save" the people who are delinquent even before the ARM reset and probably will still be delinquent even after a modification. Horton, another option I have had success with if you can't get your lender to take a 2nd is to look is pay down the balance on the 1st so you can convert to a fixed rate. Seems like you wouldn't need more than $15k..lots of options here...credit union, 401k loan, consumer finance company for a partially secured 2nd.