""Fannie Mae"":http://www.fanniemae.com and ""Freddie Mac"":http. delinquent borrowers into more affordable mortgages was announced on November 11 in conjunction with the ""HOPE NOW Alliance"":http.
Effective later next month, Freddie Mac will no longer allow incomes over 80% of the area median income for the Home Possible program. From Freddie Mac: "We are updating our requirements to state that the Borrower’s qualifying income, converted to an annual basis, must not exceed 80% of the AMI for the location of the Mortgaged Premises.
FREDDIE MAC LAUNCHES ANTI-FRAUD VIDEO ON YOUTUBE TM. Freddie Mac has launched an anti-fraud video on YouTube TM in an effort to warn troubled borrowers about the dangers of falling victim to con artists promising to help them avoid foreclosure through various fraudulent workout options.
Some business groups complain it’s an unnecessary barrier during an era of 24-hour online shopping, and there have been some recent failed legislative attempts to change things. But many shoppers, workers and even retailers say they’re satisfied with the status quo: a one-day reprieve from work and holiday shopping. More
Foreclosures in 2011 to break last year’s record: RealtyTrac RealtyTrac Foreclosure Real Estate Listings | Search | RealtyTrac – Get free access to amazing foreclosure deals in your neighborhood on RealtyTrac, the leading online foreclosure service.Florida governor signs bill to speed up state’s foreclosure process New Florida bill would speed up the foreclosure process A "faster foreclosures" proposal that sparked consumer outcry and protest last year hasresurfaced in a more moderate form, with a new bill filed this week
“The Non-QM launch represents. which the borrower is compliant with a related workout. View the MI Termination User Guide within SMDU for details on updating a delinquency. Click here to review FAQ.
New home purchases decrease 18% As of November 14, Ben has an outstanding credit card balance of $1,100 from purchases made over the past month. The new billing period begins on November 15. Assume Ben’s outstanding balance for the first 15 days of this new billing period (nov. 15-29) is $1,100.
Both Fannie Mae and freddie mac today announced eviction moratoriums for the holidays, designed to help buy struggling homeowners time to explore their options. fannie mae will suspend evictions of foreclosed single-family properties during the holiday season from December 18, 2017, through January 2,
"Fannie Mae is excited to partner with FHFA and Freddie Mac to launch this central source of translated documents," adds Jonathan Lawless, vice president for product development and affordable housing at Fannie Mae. "This online resource will educate, engage and better assist LEP borrowers when shopping for a mortgage."
Servicers Make 116,000 HAMP Trials Permanent The industry has completed about 975,000 permanent loan. that are not accepted into HAMP. Based on information from the eight largest hamp participants, 45 percent of those that don’t make it into.
On August 3, 2010, Fannie Mae launched KnowYourOptions.comTM, a new consumer-friendly bilingual web site designed to educate distressed homeowners about options that may be available to them. While the site is created to help homeowners, there are benefits for mortgage servicers as well as housing counselors too – not only will the site be able to reach more borrowers, but it can help.