Goodman: Feds must move rep and warranty risk for new refis
By admin on Oct 5, 2011 in Topics
A new refinancing surge for underwater homeowners will not happen unless the U.S. government moves the risk of buying back the mortgage should it default from the old lender to the new one, according to one expert.
Laurie Goodman, a senior analyst at Amherst Securities Group, will detail how the government could allow more borrowers in [...]
HousingWire
1 Comment(s)
By Eugene L. Newton on Jul 11, 2012 | Reply
I represent a private hedge fund, that procures
loans from the bank and refinance the property owner. Their criteria, is (1) the owner is upside down on subject loan (2) the owner would like to retain subject. The process, will allow the owner to lower his or her monthly payments and remain in the property.