Tune in today and tomorrow 8/2 and 8/3 at 5:30pm WPPB Peconic Public Broadcasting 88.3- Check out Real Life hosted by John Christopher from Brown Harris Stevens. John will be interviewing Andrew Lieb concerning a multitude of issues facing Hamptonites in the real estate market from commercial valuation to simply the new regulations requiring a bank to verify ability to repay a loan.
Friday, August 02, 2013
Thursday, August 01, 2013
In our recent push for real estate professionals to know what is out there in smart technology for the house, we direct your attention to a door lock that uses bluetooth "to let you unlock your door by touching it".
Check out a great article on NFC-powered door locks and open a door into the future.
Check out a great article on NFC-powered door locks and open a door into the future.
2nd Mortgage Modifications - Supplemental Directive 13-05
Treasury just issued Supplemental Directive 13-05, which addresses the scenario of "when a borrower’s first lien is modified under HAMP and the servicer of the corresponding second lien is a 2MP participant, the 2MP servicer must offer to modify or extinguish the borrower’s second lien according to a defined protocol".
Specifically, this Directive addresses the following topics:
Treasury just issued Supplemental Directive 13-05, which addresses the scenario of "when a borrower’s first lien is modified under HAMP and the servicer of the corresponding second lien is a 2MP participant, the 2MP servicer must offer to modify or extinguish the borrower’s second lien according to a defined protocol".
Specifically, this Directive addresses the following topics:
- Matching Second Liens to First Lien GSE Standard Modifications
- Dodd-Frank Certification Requirement for 2MP
- Incorporating HFA Payments into the NPV Result for HAMP Tier 2
- Handbook Mapping Clean-Up
