Sengdao Vongruksukdi's Blog

Servicers are facing a challenging future where the way they redefine their risk-pricing measures will determine their ability to survive. What makes the challenge unprecedented, MBA's chief economist Jay Brinkmann said at the National Mortgage Servicing Conference in Dallas, is a business enviro...

In violation of the Servicemembers Civil Relief Act, JPMorgan Chase has admitted to overcharging about 4,000 military members on their home loans and improperly foreclosing on the homes of 14 military families. "Chase has a very strong history of supporting military and veterans' organizations, w...

On Monday the National Association of Independent Housing Professionals is expected to file suit against the Federal Reserve Board, seeking to block its loan officer compensation rule, according to officials familiar with the situation. The civil action will be filed in U.S. District Court for th...

The Law of Continuous Process Improvement begins with the concept that a plan is needed in every area of your business and your life. But every plan requires continuous analysis and adjustment to find the way forward. Even basic task need a plan and a process of continuous improvement.  Let's sta...

The Federal Court of the Eastern District of North Carolina sentenced Lynda Steele to serve 41 months in prison, followed by three years of supervised release for committing real estate fraud in Cumberland County. A criminal information report was filed on July 29, 2010 to look into Steele's wron...

Has the Obama Administrations foreclosure prevention programs worked as originally intended? Well, no. Update: At the end of today we will know if the HAMP Program will remain in effect or be completely canceled. Should we start dancing on the graves of all the failed ‘save housing' acronyms...HA...

* Sales of existing homes rose in January after the worst year in more than 10 years. A modest rise of 2.7 percent from December may appear to be good news, but the devil is in the details. * First-time homebuyers accounted for just 29 percent in national sales. According to the National Associat...

1) In case you didn't know...4 of the Obama Administrations housing programs (HAMP etc) are slated to be elliminated. For those of you who have been wishing for the Government housing intervention programs to go bye-bye...you may be about to get your wish. "The initiative, known as the Home Affor...

Every time I read a report about a foreclosure moratorium I think one thing....Short Sales. Whenever the foreclosure process slows it seems to lead to an increase in short sales. Learn the new 2011 lender approved Short Sale systems. Nearly everything about short sales has changed in the last 90 ...

Are we in the midst of shift away from the mindset that the American Dream is to own a home? Cold hard facts are just that...cold and hard. Grandma Mider......about the Great Depression.  She told stories of true hardship. During the Great Depression there weren't government programs in place to ...