Ryan Shaughnessy's Q&A

It is an interesting loss mitigation initiative intended to stem foreclosures.  There was a statistic bantered about last week that 62% of the most seriously delinquent loans are actually privately securitized loans.  Anybody have any insights as to how the Obama plan intends to address these loans?

Letter - Posted to FHFALockhart Letter re Freddie&Fannie on Refinance Under the Just Released Program (02-20-09, 3 pages)

The new guideline has not been issued - but was included in a letter (from last Wednesday) sent by FHFB to PMI carrier.  It was posted to BrokerDirt (ABA/UMKC) site within the past week.  I will find the link and post it later tonight.

Ms. Norton has some great insights into the KC real estate market.  For a glimpse, take a look at http://activerain.com/blogs/mariamorton.  I read her blog to see what is going on in KC on the West side of the state.

Yes.  The new Federal Housing Finance Board that regulates FannieMae, FreddieMac and 12 chartered banks has issued a new guideline indicating that PMI is required if required by the original loan and PMI is not required if not required by the original loan.  However, this guideline only applies if the loan is owned by FannieMae, FreddieMac or a GSE.

Jennifer:  Point to a specific section of RESPA that addresses the issue.  It isn't there.  It is a TILA violation pure and simple.  If not, post the language from RESPA.

Bad advice.  It isn't a RESPA violation.  It may be a TILA violation.First, I would strongly suggest that you contact a licensed attorney in your state to provide assistance or a HUD approved loan counseling agency.  Seach on "predatory lending" and you will see some organizations that provide counseling on TILA issues.Second, forums such as Zillow.com are not the best place to get legal advice.  Whether or not there is a TILA claim may be beside the point.  I would first determine whether or not the statute of limitations bars your claim and then determine whether you have the right to rescind, claim actual damages, or claim statutory damages.  My initial reaction without doing any research is that the claim may be barred by the applicable statute of limitation.  Here are some items from a manual from Illinois Legal Aid on TILA that may be of assistance:  TILA Manual.  However, the best advice is to contact an attorney in your state specializing in TILA claims, a local legal aid organization or a local HUD approved loan counseling agency.

Simpson Place is a lovely street that dead ends before your reach Highway 44.  There is a beautiful mansion available for sale at the corner of Simpson Place and Lafayette Avenue that overlooks Lafayette Park. 

I'm not exactly sure what the question is here.  However, 2009 is a tax reassessment year.  For information on the tax appeals process, visit my blog post on appealing your tax assessment.

I'm not exactly sure what the question is here.  However, 2009 is a tax reassessment year.  For information on the tax appeals process, visit my blog post on appealing your tax assessment.