Pam Marron Home Lending

Join FAMP’s Gulf Coast Chapter June 20 for Lunch and Learn

June 20, 2017 by · Leave a Comment

This class is geared for all mortgage professionals who have had an issue with correcting the credit report. Pam Marron, Loan Originator, and Theresa McCoy, CIC Credit Reporting Agency, to show how correct inaccurate foreclosure credit in short sale and loan modifications for the Gulf Coast Chapter of the Florida Association of Mortgage Professionals in […]

Underwater homes on the decline nationwide – but that’s not the whole story

May 8, 2017 by · Leave a Comment

HomeNews by Ryan Smith, 08 May 2017 There were nearly 5.5 million seriously underwater properties in the US during the first quarter, according to new data from ATTOM Data Solutions. That’s an increase from Q4 of 2016 but still down by more than 1.2 million from the first quarter of last year. Seriously underwater properties […]

Pre-purchase help coming from HUD approved housing counselors to assist clients who still have credit issues with a past short sale or modification

May 4, 2017 by · Leave a Comment

By Pamela Marron | National Mortgage Professional Magazine | May 2017 HUD approved housing counselors are being trained to provide assistance for clients who continue to have problems with short sale and modification credit that appears as a foreclosure. The goal is to correct problems prior to a new purchase. A collaborative initiative has begun […]

Morning Briefing: HELOC owners face sharp payment increases in 2017

May 2, 2017 by · Leave a Comment

by Steve Randall Challenging times are ahead for thousands of homeowners with HELOCs as their lines of credit reset with higher monthly payments while some may struggle to refinance.Analysis by Black Knight Financial shows that 1.5 million HELOCs will see interest-only draw periods end this year with just under $100 billion in outstanding unpaid principal […]

Drill Down on Short Sale and Modification Credit

April 4, 2017 by · Leave a Comment

By Pam Marron | National Mortgage Professional Magazine | April 2017 Recently, a joint effort of the mortgage and the housing counseling industries to remedy continued credit problems of past short sellers who continue to receive a foreclosure credit code on their past short sale credit was investigated. While reviewing data, it was learned that […]

National Real Estate Post is Off the Mark – Here are the Facts!

March 15, 2017 by · Leave a Comment

3/15/17 Dear National Real Estate Post; With all due respect, you are totally off the mark in today’s video: http://thenationalrealestatepost.com/treasury-giving-away-50k-to-lower-your-mortgage/?utm_source=feedburner&utm_medium=email&tm_campaign=Feed%3A+TheNationalRealEstatePost+%28The+National+Real+Estate+Post%29 The I-Refi program in Illinois is one of three principal reduction programs throughout the United States. Florida https://www.principalreductionflhhf.org/<https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.principalreductionflhhf.org%2F&h=ATO1fWZjNP8A32GMRnUmkN6naeG4Dz4BmkIbMUe5hdCx36xXo6DxrBc4BJzxt0bxbJpKEzhXkzGW7c6xnQA2pP7Zl2uG-IMYvA7oSGS_1F6HbAeNr1Dfqpl2BcLU7NyNBQs> and California https://www.treasury.gov/…/Changes-to-California%E2%80…<https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.treasury.gov%2Fconnect%2Fblog%2FPages%2FChanges-to-California%25E2%2580%2599s-Principal-Reduction-Program-Attract-More-Mortgage-Servicers.aspx&h=ATMSD1J7t67l3Fj34SmuLQZ-V2HZYFvMjiXFcqgGvNBr6GqdmiiN-UhlqFmbwq4pumGNn7bXbvlGLPZs3ubEZctb_Aj4Rped9Hnn8EGX-Zcsc5vQK80Cn1IGuQmLlOziY6Y> have this program as well. There is income criteria developed not too much different […]

HUD Housing Counseling Federal Advisory Committee (HCFAC) to host panel entitled “Challenges in Credit Reporting Post-Crisis: An Opportunity for Housing Counselors”

March 14, 2017 by · Leave a Comment

As a member of the HCFAC committee which is comprised of three representatives each from the mortgage, real estate and housing counseling industries as well as three consumer advocates, I am learning more about a great resource – HUD approved counseling agencies. Panels were planned for March 14 at HUD to show different ways that […]

How Loan Professionals can Correct a known Short Sale credit coded as a Foreclosure

February 13, 2017 by · Leave a Comment

Loan originators are unaware that there are two solutions that can work when short sale credit is erroneously coded as a foreclosure and results in an automated denial. One solution is a workaround in Fannie Mae. (There is no workaround for Freddie Mac.) The second solution is to “Submit a Complaint” on the Consumer Financial […]

Loan Originators: Be aware of “disputes” on credit reports and automated underwriting findings. Also on short sales, check “Date Reported”.

January 10, 2017 by · Leave a Comment

Do it before a contract is signed. By Pam Marron, Jan 9, 2017 for National Mortgage Professional Magazine Frustrated consumers looking for solutions to correct erroneous information on their credit report often turn to credit repair companies or their mortgage lender for help. A dispute is the 1st method tried but this “fix” is temporary. […]

When Unpopular Policy Works

December 6, 2016 by · Leave a Comment

Our current administration inherited a financial crisis that this country has not experienced anything close to since the Great Depression. When the collapse occurred, it was visible by the number of unoccupied homes, and many of us knew of friends, relatives and colleagues who were affected. Initially, problems were blamed on the unscrupulous mortgage broker […]

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