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The Consumer Financial Protection Bureau seeks industry feedback on a prototype monthly mortgage statement that aims to provide borrowers with more detailed information about their home loans. Under the sweeping reforms of the Dodd-Frank Act, mortgage statements must contain information about the creditor, loan assignee and mortgage servicer. In addition, the new law stipulates mortgage statements should provide borrowers with information on the principal loan amount, current interest rate, the date of interest rate resets and a description of any late payment or penalty fees. The statement should also provide […]

Major banks will reimburse military servicemembers for any wrongful foreclosures done in the past five years. JPMorgan Chase ($38.47 0.47%), Wells Fargo ($31.09 0.72%), Citigroup ($32.92 0.21%), and Ally Financial ($23.78 0.18%) will resolve Servicemembers Civil Relief Act claims in connection to the wider $25 billion foreclosure settlement, U.S. Assistant Attorney General Thomas Perez said in a speech Friday. These four banks will conduct a review overseen by the Justice Department to find any foreclosure violations of SCRA since Jan. 1, 2006. Wells, Citi and Ally will pay a military […]

Working within the Airline Industry for 10+ years I flew, managed flight bases and taught Flight Attendants at one of the largest airlines in the world. Having found my way back to beautiful North Carolina I decided to make a career change to real estate. Real Estate is a passion and allows me to see many beautiful homes and encounter many walks of life. After 6 years of sales I decided to continue my knowledge in this field and obtained my Appraisal Certification. 
Performing both Sales and Appraisals allows me […]

A small pilot principal reduction program Fannie Mae killed in 2010 was not performing well enough for executives to expand, the mortgage giant claims. Reps. Elijah Cummings, D-Md., and John Tierney, D-Mass., sent a letter to Federal Housing Finance Agency Acting Director Edward DeMarco on Feb. 8, raising concerns about analysis on principal reductions used to keep the GSEs from implementing such programs. They also cited an unnamed former executive at Fannie who said a pilot program was actually developed, tentatively approved, then stopped before the analysis was given to […]

The loss-severity rate on 1998 vintage commercial mortgage-backed securities loans outpaced other vintage classes of CMBS, with the 1998 class recording $289 million in realized losses on an initial loan balance of $474 million, Treppsaid Friday. The CMBS analytics firm released its January loss-liquidation report for fixed-rate, U.S. conduit loans Friday. The report puts the vintage 1998 CMBS class at a loss-severity rate of 60.94%, making it the segment with the highest distressed loan level. It is followed by the 2008 vintage class of 46 loans, which have a loan […]

Three Northern California real estate investors agreed to plead guilty to forming a conspiracy to rig bids at foreclosure auctions, the Department of Justice Financial Fraud Enforcement Division said Thursday. Charges were filed in the U.S. District Court for the Northern District of California against Barry Heisner of Brentwood, Calif.; Dominic Leung of Alameda, Calif.; and Hilton Wong of San Ramon, Calif. The investigation into auction bid-rigging in North California has resulted in 20 plea agreements thus far. The Department of Justice says the three defendants conspired with others to […]

Fannie Mae has announced that it is rolling out a pilot program nationwide that will allow real estate agents to now submit and track their offers online for Fannie Mae-owned properties. Once an offer is submitted, you’ll receive confirmation and be able to track its status through Fannie’s HomePath web site. Fannie first began piloting the program for online offers in 2010 in San Diego, Orlando, Fla., and Detroit. It now be accepting online offers for properties nationwide. “Collecting offers online through HomePath.com will provide greater transparency for home buyers […]

DocX, one of the largest companies in the nation to provide foreclosure services to lenders nationwide, has been indicted by a Missouri grand jury on forgery charges stemming from foreclosures against home owners in the state. The indictment marks one of the “few criminal actions to follow reports of widespread improprieties against home owners” nationwide, The New York Times reports. According to the indictment, DocX is accused of making “mass-produced fraudulent signatures on notarized real estate documents” and could face up to 136 counts of forgery in the preparation of […]

Proudly serving the Main Line, Chester and Delaware Counties and Philadelphia since 1984. Licensed Associate Broker with extensive experience in Domestic and International Relocation. 

Certified Relocation Agent with Prudential, Weichert and Cartus Relocation Consistent Top Producer, Top 1% of PREA Agents Nationwide!

Please contact me today with your questions, I look forward to assisting you with your sale, purchase or relocation needs. Click here to search for a gay or lesbian real estate agent anywhere in the country. Professional/Personal Distinctions: 2012 Chairman Suburban West Realtors Association Director at Pennsylvania Association Of […]

In the course of a real estate transaction, customers may come at you with a lot of objections. So how do you deal with the multitude of concerns that may come your way? Prospects, for example, may say “no” an average five times before they agree to buy, according to a recent article by sales trainer John Boe at RISMedia. “If your prospect was not interested in your product or service, they wouldn’t be asking questions,” Boe points out. “Simply put, an objection is nothing more than a request for […]