Tag Archives: Mortgage Modification

7 Specific Things You’re Doing Wrong As A Title Agent

While this specific list is for Florida Title Agents, the concepts exist regardless of the state you practice in.  Here are 7 things you may be doing wrong as a title agent: Not giving reissue rate when applicable.  Few title agents realize that they’re required to give the discounted “reissue rate premium” if applicable.  This […]

The Secrets Behind How an Underwriter Reviews A Mortgage Modification

A mortgage is a lien upon real property which acts to secure the obligation under a promissory note. More simply, a borrower’s promise to pay back the loan is supported up by a “foreclosable” lien on their real property. If the borrower quits paying and therefore fails to meet their obligation under the promissory note, […]

The New Mortgage Priority Guarantee Policy: Coverage, Requirements and Answers

2012 gave rise to a slue of mortgage modifications accounting for nominal changes to insured mortgages.  These changes commonly included decreases in interest rates and extensions of maturity dates.  These “loan workouts” are expected to continue well through 2013.  As a result, these non-novation, non-substitution rate premium triggering, modifications have created the need to provide […]