File Name: March 16 Duration: 00:23:00 Mike Rockwood: So always offer to fax to their personal number or email them directly to get forms to them that they need in a hurry. Always be prompt and complete in your responses to their request. Help them do a good little job. Keep it in mind, they [...]
Mike Rockwood: Front-end DTI must be over 31%. That’s your gross household income divided into your first mortgage payment fully loaded with homeowners’ association, interest, taxes, insurance, private mortgage insurance, everything, the whole payment. That front-end DTI has to be over 31% or forget it. It has to be under 70% or really forget it. [...]
Ryan Rockwood: Hello, hello everyone. Welcome to the call. Mike Rockwood: Hi, everybody. Ryan Rockwood: Hopefully that transition worked pretty well today and everyone got dumped on to this video feed at the correct time. We started a little bit late to make sure everyone got in here. But anyway, welcome to the call tonight. [...]
File Name: Loan Mod Member Mar. 4 Duration: 00:37:00 Mike Rockwood: Hi, everybody and welcome. This is Mike Rockwood with the 60 Minute Loan Modification weekly teleconference series. Thank you for joining us this evening. Tonight’s call is for clients only so we’re very glad to have all of you with us tonight and we [...]
Duration: 00:55:00 Ryan Rockwood: Hey everyone and welcome to the show. It’s Ryan Rockwood and I’m so sorry we’re running late today. (Pause) Today is going to be a good day, good call even though it may not be super well produced. As usual we’re just getting off the phone handling a million calls. We [...]
Duration: 00:58:00 Mike Rockwood: Because all day long, every day we are working with people to help them modify their mortgages around the country, help them to save their homes. So, what we bring you on Tuesday and Thursday nights is an opportunity to ask us questions and we bring you kind of latest information [...]
Duration: 00:59:00 Mike Rockwood: And ask you to send in your questions. Many of you have already started since the first email went out early in the day reminding everybody. Questions tonight are going to be specific or we’re going to try to focus a little bit teaching on loan modifications because we have a [...]
Duration: 00:42:00 Mike Rockwood: Welcome to the 60–Minute Load Modification Teleconference Series. It’s Thursday evening and so we’re here to talk with clients only, talk specifically about loan modifications and to give you up-to-the-minute information about what we are learning in terms of loan modification and give you tips and kind of inside information on [...]
Mike Rockwood: Because I owned a bunch of homes that declines so rapidly in value and eventually some are ditching. They can see rate was way up. I just needed to do something to hang on to my property so I started trying to do loan modifications almost two years ago now. And I – [...]
Duration: 00:36:00 Mike Rockwood: … on retainer or just dialing an attorney, a specialist attorney and asking a question. But I’m always surprised at how reticent the people are to talk to professionals because they always that think, you know, with billable hours, they’re going to be stuck with a $300 or $400 bill just [...]