Sentences with phrase «subordinate lien holders»

• The amount the primary mortgage holder can pay to subordinate lien holders has been increased from $ 2,000 to $ 5,000.

• How to speed up your deals and streamline your short sale package for faster approval using the new «pre - determined» hardship categories • Which current HAFA documents are no longer mandatory and how this will affect your current deals • What new anti-fraud affidavit you must provide both the buyer and seller to verify the HUD1 Statement is at arm's length • The condensed approval timeline servicers, which are now required to use, and how this change benefits your business • How your ability to negotiate will change with the new increase in available incentives for subordinate lien holders • Why you might experience a surge in investor business when the «prohibition against resale» is reduced from 90 to 30 days.

Once a case is escalated, Fannie Mae will directly engage with the agent or servicer to address challenges such as valuation disputes, delays by servicers or uncooperative subordinate lien holders.

Wingspan was founded in 2008 to serve the interests of mortgage insurance companies and subordinate lien holders.

A proposed bill may soon help speed up the approval process for homeowners selling their home through short sale by requiring subordinate lien holders to review and respond to short sale requests within 45 days.

Servicers get $ 1,000 to cover their costs, and subordinate lien holders get up to $ 3,000 through a matching arrangement in exchange for relinquishing their lien.

Loan servicers can receive $ 1,500 for administrative expenses, and lenders can get as much as $ 2,000 for allowing up to $ 6,000 of short sale proceeds to be distributed to subordinate lien holders (if they exist).

Existing subordinate lien holders, in particular, are highly unlikely to agree to release liens at a complete loss.»

Not exact matches

The holder of the second mortgage must agree to «subordinate» its lien to that of the new first mortgage lender.

• HAFA will no longer impose a 6 % cap on payments to each subordinate mortgage / lien holder.

Increases maximum incentive to subordinate mortgage holder (s) to $ 8500 in exchange for a lien release and full release of borrower liability.