Andrew Liput's (andyboy) Blog

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Services for Real Estate Pros - Professional Assurance, Ltd.
RECENT BLOG POSTS
Mountain Lakes, NJ (PRWEB) February 20, 2008 -- A group of mortgage industry executives and lawyers have formed a new company to offer assistance to homeowners facing foreclosure due to the mortgage industry collapse. Using their knowledge of mortgages and their relationship with lenders they are...
02/20/2008
Much has been written over the past few years about the growing threat of mortgage fraud.  Beyond the FBI statistics, MBA workshops, and the burgeoning industry in fraud detection software for loan originations, the threat of closing table fraud is being overlooked.  The failure to look at the "b...
02/09/2008
           With the impact of foreclosures and defaults reverberating throughout the mortgage industry, a little-known but important battle is brewing that has major implications for lenders facing repurchases.  Sub-prime loan servicing agents are being criticized inside large investors for their...
02/09/2008
As an attorney specializing in lender loss recovery in instances of mortgage fraud, I was shocked recently to learn that California has long held that title companies, acting as settlement agents, have no significant fiduciary liability to lenders.  More specifically, when California settlement a...
02/09/2008
Annual Percentage Rate - APR The effective rate of interest for a loan per year. This rate is typically higher than the note rate because it takes into account closing costs. This is one way to compare loan programs offered by different lenders. Caution : the APR is sometimes computed differently...
02/09/2008
The current explosion in EPDs and repurchase demands has the mortgage industry in crisis mode.  Lenders all over the country are abandoning 100% financing programs, avoiding the subprime market, and holding their collective breaths that last year's originations are not going to come back to haunt...
02/09/2008
Today, the mortgage industry is in crisis. The collapse of the Sub- Prime Market and residential loan products with layered risks resulting in the onslaught of repurchase demands from investors has created the "perfect storm" in our industry.  There seems to be no end to the negative publicity re...
02/07/2008
To hear Congress and our presidential candidates tell the story, the recent collapse of the mortgage industry, which has fueled the largest number of property foreclosures since the Depression, was entirely the result of the greed of banks and mortgage brokers.  In fact it was the politicians the...
02/07/2008
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