Same day loans no credit check
They have told me that investors are not buying these loans. It is very possible that you have found one of the few that are direct lenders (as far as I understand, using their own money or direct investor money), not wholesale lenders (who have to sell the loan once they make it).
The approved lenders are trying to do them in states that they are licensed to lend in, I have not found anything that has divided them otherwise (the list of states to the right of the lender name advance check loans on the 23 pages is just the states where they are licensed to do these loans)? The loan had been sold at least four times and maybe more and we suspect it ended up with Fannie Mae which of course is the Feds now. This has apparently ended up a Fed bailout and the Feds are the owners in this case. If I were asked to do this I would call FHA and see if this is acceptable, or even legal. Sounds like they found a way to cover some of there time if Aurora decides not to play ball (like I suspect a lot of lenders will be hesitant to do). The original H4H terms stated that people seeking H4H loans would only pay upfront for an FHA appraisal of the property. That wording is now gone, so maybe this is something the loan originators negotiated with FHA? The whole thing was the back alley things movies are made of. Was the appraisal done at the time of purchase, or a refi? Sounds like good service (meeting at home, not necessarily the loan) making adjustments to get the loan processed and through on time. Better than waiting till the next day and not having it same day loans no credit check close on time! These employees can lose their jobs through layoffs and some have already been annouced through installment loans for bad credit direct lenders the news media in various organizations.
They are facing uncertainity the same as those out here are. I realize this is difficult to do when those out here on this end are so threatened with winter and the holiday seasons with all of their expectations coming too as well as a roof over your head. My theory, treat people like people until they give you a reason not to. Thanks again, and hopefully I will be able to start my own H4H thread soon! I realize what my same day loans no credit check cousin has going on is unusal at this point.... Yes these are FHA approved people and no they are not doing muc of anything as yet but getting ready to do something.... It is an educated guess that it is Fannie Mae because of their agreement to start this process. Yes, you have to find one of these companies on the list on the 23 pages of lenders and processors.
Yes, the people on the H4H are fha lenders BUT not the ones you would normally run into in a bank or regular lending fascility. Not every FHA lender wants to deal with H4H because of the losses to the lenders who agree (or eventually forced) to participate. It you think about it, there would be a conflict of interest if, say a bank, had made FHA loans and NOW could be in a position to have to write their own loan down and restructure it.
Like I said before I am glad to see someone is actually making some progress.
I found a second lender (from the list) that as of yesterday took all of my documents and is starting the process. I am hopeful, but worried too, because I documented my hardship, but am not late and have really good credit. I will start my own thread when I start hearing more from them. If you watch the news, more and more pressure is being added to the lenders to the point that Mr. Paulson is not same day loans no credit check looking particularly well right now.
His loyalities have been the companies before he became the Sec. Congress is taking testimony and no one out here and on our side is setting still for this any more. There is a back bone showing up in our country and on an individual level. What alternative do you or any of the rest of us really have? For those of you wondering, SPS or, Select portfolio Servicing, IS working with H4H. This is great news for my wife and I, and if all the hype bears out as true, we are going to be able to stay here forever under the terms we are looking at.... I will money loans bad credit hold you all in our prayers up here, have a blessed holiday, and may the good Lord bless and keep you all..... The comments by me and the materials available at same day loans no credit check same day loans no credit check this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Have you or anyone else heard of this arrangement with the H4H agents? My understanding was they got a fee from the Feds loans las vegas nv for doing this. To me it sounds like the agent is trying to cover costs. Many are doing loan modifications that add late payments to the end of the loan or reduce the interest rate to keep the payment affordable.
I have not heard of third party lenders getting a fed payment for their work. They will collect the loan origination fees if the deal closes.
I guaranteed loans no credit check direct lenders have heard a lot of people speak bad about this program, how its a bad deal to share equity and appreciation with the government. There was a verbal agreement between Aurora, this agent from the H4H list and my cousin that all would work together to solve her problem. The packet was never sent to her nor has she been offered any returns to her phone calls or offered any other solutions. The country, for those who may have missed the news, is in the midst of a foreclosure meltdown and HUD has hurried help with all the immediacy and urgency of FEMA after Hurricane Katrina. In the first 15 days of the month, 69 people nationwide applied for financing under the Hope of Homeowners program. H4H, you will recall, was supposed to help as many as 400,000 borrowers avoid foreclosure and poverty. HUD is maintaining its perfect record in this category and — even though more liberal standards have been approved. To date it has yet to approve a single Hope for Homeowners mortgage application. So far a total of 180 H4H applications have been received since October 1st. Since October 1st HUD has allowed 142 borrowers nationwide to dump toxic loans in favor of FHA financing.
These numbers plainly say that FHA financing is in demand, which is as it should be. The numbers also suggest that the FHA program is evolving into something which best serves well-qualified middle-class borrowers with solid credit scores. The conflict, of course, is that many people would have better credit if they did not have toxic loans and soaring payments. If they could refinance with an FHA loan they would have lower and more predictable payments, and thus their credit scores would likely rise. The original idea behind the FHA program, of course, was to take on riskier borrowers and make them less risky by allowing them to borrow on a sane basis.
That was the thought in the 1930s, and it is a thought worth reconsidering today.
Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages.
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Newman, I thought no doc and stated were one in the same. I agree this is most frustrating process ever dealt with and only the ez check advance most tenacious achieve results... It would be great if these programs would work instead of add more obstacles, expenses and ultimately no acceptance plans.
We see loan centers how lacking the mortgage industry is with voluntary help. Maybe Obama will see that it is not going to work to mobilize our country into recovery. If they want true and positive help, they should mandate those that made predatory loans to surrender the properties to the victims of predatory lending to build America. Even though we were approved on the loan itself, some dumbazz in DC decided that stated income loans were not eligable for the refi. Reason being that the feds consider stated income loans to be fraudulant loans. And since our loan officer beefed up our income without our knowing it, we could not prove the income. So even though we make 6 figures now, that does not matter to them. Since October of last year, when we started working on this project, SPS kind of put us in limbo as far as foreclosure.
After talking with a few people about the modification aspect of this house, the things they are seeing lenders do now were unheard of back then. Tell you the truth, if I can modify this loan, get it to the same numbers I was going to refi at, I would be in a much better position going forward.
ONly thing left is a federal lawsuit claiming mortgage fraud by the lender.... I had to bring all kinds of income documents, but in the end the broker got it as a stated income. Good news, I finally stopped paying on this house (was late on the 16 of June). Before I did, I went a bought a new truck, credit was 799!
Good move Gary on getting the truck at 799 credit rating. Thanks for the update Newman regarding the state of H4H and the moves lenders are going to regarding to mods at below principal, 40 year terms and realistic interest rates. You both are the only human face that I have seen on this program H4H and both of you have went to extremes trying to get this program to work.
I have never in my life done so much to get so little from so many.... So, now that it is over, I can tell you that the loan we were after was a short refi.