08-01-2010 - Mortgage Lender Report - August 1, 2010 Wachovia: Wells Fargo advising that if a home is in California donât wait t...

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Mortgage Lender Report - August 1, 2010 Wachovia: Wells Fargo advising that if a home is in California don’t wait t... Sent Sunday, August 1, 2010 View as plaintext

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Wachovia: Wells Fargo advising that if a home is in California donâ€™t wait till the last minute.- 2010-07-25 22:06:37-04

In a recent conversation with a Wachovia representative we were advised that their rule of thumb for properties in California is to no longer postpone when within 5 business days of a foreclosure sale. They advised that there is a foreclosure law set in the...
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Litton Loan Servicing: The treasury says 14 days for HAFA. Make it 30.- 2010-07-26 01:21:29-04

Where many are taking it upon themselves to make things worse it is nice to see that at least one servicer isn’t. Litton Loan Servicing, though known for it’s terrible loan modification process, is at least taking a few steps in the right direction. The...
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Wachovia: ACG connects with Wells Fargo for Bulk MOD Underwriting- 2010-07-27 13:00:08-04

In a business where it can really help to know people in high places Wachovia has proven to be no different than the rest. Where in many cases homeowner’s find itÂ difficultÂ to manage through the process loan modification process, with the now Wells Fargo owned company,...
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Wells Fargo: Waive your principal goodbye; for now.- 2010-07-28 02:00:48-04

In an effort to help defaulting homeowners Wells Fargo is offering their own version of FHA’s Partial Claim Program. This version varies in several ways but is aimed at what Wells Fargo is referring to as a “Principal Forbearance”. Now this is not like the...
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Bank of America: How long before they respond using Equator?- 2010-08-01 17:07:25-04

Due to our volume of business with Bank of America we frequently get asked approximately how long it takes us to process a short sale with Bank of America or BAC Home Loans Servicing, LP and, like most lenders, who have a very large volume...
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