Do Not Call List Articles - Page 1

**HUD Revised Streamline Refinance Transactions** Streamline mortgage refinance applications will be undergoing some changes. Under the HUD revised streamline refinance, there are changes to the mortgage seasoning, payment history requirements, and verification of assets, employment and income. For a streamline refinance without an appraisal there will be a new maximum mortgage amount, and under the HUD revisions, there is is maximum combined loan-to-value amount for the streamline refinance. Read the full letter below for more details on the changes to HUD streamline refinance applications.

FHA cash reserves fall to the lowest level in history, below the congressionally mandated level. The Federal Housing Administration's mortgage insurance cash reserves fell to the lowest levels in recorded history, 0.53 percent. The FHA announced today FHA cash reserve levels have fallen below the congressionally mandated threshold. The annual independent accounting survey of the FHA came with the assessment that additional action needed to be taken to manage risk to prevent further losses.

**Title Insurance May Solve Encroachment Issue** If you are buying a home and find out you may have a title problem, you should talk to the title insurance company to determine if the title problem can be insured over by the title insurance company. Many real estate properties have minor title insurance problems that are small enough that the title insurance company may be willing to give you peace of mind with coverage under the title insurance policy.

Taylor Bean and Whitaker: From reader comments and questions, we have some answers for Taylor Bean and Whitaker customers. Dealing with the failed mortgage servicer has been frustrating for customers who are concerned about the state of their mortgage loan. Most answers won't come until after the October 31 court deadline, but we have answers to some of the most common and pressing customer service issues with Taylor Bean and Whitaker.

**Refinancing An Interest Only Loan** If you have an interest only loan, it may be a good time to refinance the mortgage loan. You will owe the same amount today on your Interest only loan as you will in ten years. On an interest only loan you never pay down the principal balance. If the interest on your loan is high, you should consider refinancing the interest only loan. If you plan to live in a home a short period of time, refinancing an interest only loan may not be right for you.

**Transferring Home To Children When You Co-Own The Home With Them** Many parents want to transfer their home to their children during their lifetime, rather than wait until they have died and transfer the property by will. In some cases, transferring a home to a child when the parent is living may be a mistake. In other cases, if the planning is done right, the parent can get his or her wish of having the home pass on to the child during his or her lifetime without adverse tax consequences for the parent. When you co-own a home with your children, you need to be extra careful in the way you transfer your interest to them.

Taylor Bean and Whitaker Update -- September 25, 2009: With all the confusion happening with Taylor Bean and Whitaker, there are more situations arising where people can't find the information they need. More answers should come after the October 31 deadline set by bankruptcy court, but for now, ThinkGlink wanted to know, "Where are the Mortgage Records and Closing Documents Kept?" Please continue to leave comments and join in the Taylor Bean and Whitaker discussion. We will do our best to help find the answers to your questions.

Since Taylor Bean & Whitaker Mortgage Company shut its doors on August 5, 2009, hundreds of thousands of customers have not understood what is happening. We have information for those customers whose loans were not picked up by Bank of America but by CENLAR. This information is from the CENLAR website as well as from the Georgia Department of Banking and Finance. Check back frequently, as we will be updating the information as often as possible.

Taylor Bean Whitaker Mortgage Company customers are confused about what to do with their money since Taylor, Bean & Whitaker Mortgage Company went bankrupt. Freddie Mac released a fact sheet filled with answers for those customers who have government-backed loans from Taylor Bean Whitaker. If you were current on your Freddie Mac mortgage, Cenlar will now be your mortgage servicer. This page contains the fact sheet from the Freddie Mac website. We have links here to our other Taylor Bean Whitaker stories on ThinkGlink.com. If you have a Ginnie Mae loan, here is a link to a page on their website that contains a similar fact sheet.

Making Home Affordable loan modification processing requires constant follow-up from the borrower. President Obama’s Making Home Affordable Plan is taking a long time to process many loan modification requests, and sometimes the paperwork is getting lost. To make sure that your loan modification request is processed properly, document all contact with your lender and make contact every day through phone calls and emails. Keep a detailed log of all contact you have with your lender while trying to get your loan modification processed under the Making Home Affordable Plan. If your lender reports you as paying late to the credit reporting bureaus and hurts your credit history and credit score, you may be able to contact the bureaus and, under limited circumstances, correct your credit history.