My name is Kevin W. Hardin and I am the Director of the Mortgage Mediation Group which is a practice group at the law firm of McCarthy Law. I am a 25 year veteran of the Mortgage and Real Estate industries. I hold the following credentials: CMB (Certified Mortgage Banker), CMC (Certified Mortgage Consultant, and CMPS (Certified Mortgage Planning Specialist) designations. I completed my Juris Doctor studies at Concord School of Law. I have spent the last 5 years assisting thousands of homeowners understand their legal and tax obligations on their mortgage as it relates to their underwater home.

About Kevin Hardin

My name is Kevin W. Hardin and I am the Director of the Mortgage Mediation Group which is a practice group at the law firm of McCarthy Law. I am a 25 year veteran of the Mortgage and Real Estate industries. I hold the following credentials: CMB (Certified Mortgage Banker), CMC (Certified Mortgage Consultant, and CMPS (Certified Mortgage Planning Specialist) designations. I completed my Juris Doctor studies at Concord School of Law. I have spent the last 5 years assisting thousands of homeowners understand their legal and tax obligations on their mortgage as it relates to their underwater home.

NAR Sends Letter To CFPB On Mini Correspondent Business

NAR Sends Letter To CFPB On Mini Correspondent Business On september 30th, we found out that NAR sends letter to CFPB on mini correspondent business. I had previously reviewed CFPB's position on this, in our blog post, on July 14, 2014 of this year.The National Association of Realtors' ( NAR's) position is that any move by the CFPB would limit access to financing for consumers. I agree with NAR, … [Read more...]

Flagstar Bank and the California Homeowner Bill of Rights

Flagstar Bank

What does Flagstar Bank and the California Homeowner Bill of Rights have to do with each other? On September 29th, the Consumer Financial Protection Bureau ("CFPB") took action against "Flagstar Bank for violating the CFPB’s new mortgage servicing rules by illegally blocking borrowers’ attempts to save their homes." In that action the CFPB fined Flagstar Bank $10 Million and requires that … [Read more...]

Title Company Needs To Pay Attention

Title companies pay attention

Title Company Needs To Pay Attention Title company needs to pay attention to what is going on at the CFPB. On September 30th, 2014 the CFPB announced they had entered into a Consent Agreement with Lighthouse Title, a Michigan title insurance agency, to pay $200,000 for illegal kickbacks under their Marketing Services Agreements ("MSA"). RESPA cannot be more clear on this topic, but this Title … [Read more...]

Principal Reduction Scam Results in Conviction

Principal Reduction Scam Results in Conviction On September 15, 2014 Alan David Tikal was convicted on 11 counts of mail fraud and one count of money laundering in a mortgage fraud scheme. Tikal's business, names KATN, targeted homeowners that were having difficulty paying their mortgage. He promised a principal reduction of up to 75% of the mortgage by promising to buy the mortgage from the … [Read more...]

Dodd Frank Workshop Goes Online

Dodd Frank Workshop Goes Online               More info at: https://www.facebook.com/events/848055741879571/ Date: August 14, 2014 Time: 10:30 am to 12:00 pm Where: Vantage Self-Directed Retirement Plans 20860 N Tatum Blvd. Suite 240 Phoenix, AZ 85050 OR VantageLIVE - Watch This Workshop Online! View on Livestream … [Read more...]

Round 2 of Loan Modifications and Short Sales

Loan Modification

Round 2 of Loan Modifications and Short Sales If we go back and look at the bulk of the loans that were either paid short in a short sale or modified by a HAMP or HAMP-like loan modifications, their vintage was 2005 to 2007. What this means is that loan modifications that fixed some aspect of affordability back in 2008 through 2011 are going to be resetting in 2015. Most HAMP loan mods or … [Read more...]

CFPB Clarifies Mini-Correspondent

Mortgage Broker to Correspdondent

CFPB Clarifies Mini-Correspondent Policy Guidance on Supervisory and Enforcement Considerations Relevant to Mortgage Brokers Transitioning to Mini-Correspondent Lenders **see update on NAR letter to CFPB** There has always been something of an uneven playing field for mortgage brokers vs mortgage bankers i.e. Those entities that broker mortgage loans to correspondents or banks and those … [Read more...]

Mortgage Forgiveness Debt Relief Act Ends 2013

Mortgage Forgiveness Debt Relief Act WHY THE EXPIRATION OF THE MORTGAGE DEBT FORGIVENESS ACT RARELY APPLIES TO ARIZONA SHORT SALES AND FORECLOSURES After years of extensions to the Mortgage Debt Forgiveness Relief Act, this act will expire at the end of this year. As a result, homeowners were pressured to sell their properties prior to the end of the year and if unsuccessful, told that … [Read more...]

Lower FHA Loan Limits For 2014

Lower FHA Loan Limits

Lower FHA Loan Limits For 2014 Hud just release Mortgagee Letter HUD No. 13-184 HUD ANNOUNCES NEW FHA LOAN LIMITS for 2014 TO TAKE EFFECT JANUARY 1ST The existing FHA loan limits for 2013 around the country were the result of HERA Housing and Economic Recovery Act of 2008, which is not going to be extended this year. HUD has now announced that those FHA Loan Limits for 2014 are lower. You … [Read more...]

Dodd Frank

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Dodd-Frank Act and its Impact on Investors, Private Lenders and Real Estate This 90-minute free workshop will discuss the implications of the Dodd Frank ACT (DFA) that was signed into law in 2010. The DFA created the Consumer Finance Protection Bureau (CFPB) and gave it authority to promulgate rules to govern every aspect of the financial services market, including real estate and … [Read more...]