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- For those who are defending the "lenders" who have been engaging in illegal conveyences and assignments. It is amazing that today in America it is more shameful to be behind on your bills than it is to perpetrate fraud, deception & othe criminal activ on Fight Your Mortgage Servicer With This Knock Out Punch
- Denice Thomas on Hardship Letter
- BA on $100 Million Lawsuit Filed Against Bank Of America
- Ocwen foreclosed on our after taking two payments after stringing us along for three years. Calling India is impossible. I do not believe thery are helping Americans.. Who can I turn to? on President Obama’s Foreclosure Prevention Plan Explained
- Karl on Principle Reductions: Wipe Out Your 2nd Mortgage With Bankruptcy
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- Feeling sick - Got questions about a walkaway in California. :(Forum: Foreclosures Posted By: Stuff Post Time: 02-08-2012 at 09:56 PM […]
- 2nd Loan ModificationForum: Loan Modification Posted By: nicolas Post Time: 02-08-2012 at 08:19 PM […]
- Looking at FHA streamline, Chase won't do it.Forum: Refinance Posted By: djacks Post Time: 02-08-2012 at 07:16 PM […]
- Are the sharks circling?Forum: Short Sale Outpost Posted By: laststraw Post Time: 02-08-2012 at 06:11 PM […]
- Citimortgage foreclosure processForum: Citi Mortgage Posted By: seanf12 Post Time: 02-08-2012 at 05:24 PM […]
- BofA Debt reduction strategy - Stop paying 2nd lienForum: Ask the Attorneys? Posted By: bearbear Post Time: 02-08-2012 at 05:07 PM […]
- Underwater Condo - Contingency PlanningForum: Stop Foreclosure and Tell Us Your Story Posted By: MichaelHerrera Post Time: 02-08-2012 at 04:51 PM […]
- Resource for Scheduled Sheriff Sales?Forum: Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Posted By: Trapped No More Post Time: 02-08-2012 at 04:39 PM […]
- Does this type of renter's lease exist? Renter covers everything?Forum: Houses for Rent Posted By: dstarsboy Post Time: 02-08-2012 at 03:57 PM […]
- Permanent Modification questionsForum: Bank of America Home Loans Posted By: veejmar Post Time: 02-08-2012 at 03:44 PM […]
Fannie Mae
Appraisers Say New Rules Will Cause Confusion
(Source: The Boston Globe By Jenifer B. McKim) – New guidelines aimed at standardizing the way home appraisals are conducted will result in confusion, delays, and higher costs in an already vulnerable housing market, according to many home-appraisal professionals.
How Congress Could Help you Refinance Your Mortgage
(Source: The Washington Post By Ezra Klein) – To emphasize a point I made in a Thursday post, the Obama administration can’t use Fannie Mae and Freddie Mac to do a mass refinancing of troubled mortgages. They need the Federal [...]
Fannie, Freddie Takeover Could be Key to Obama Jobs Plan
(Source: FOx News By Chris Stirewalt) – At the center of the Panic of 2008 were defaults on cheap mortgages for Americans with poor credit. The latest idea to reverse the resulting recession is for the government to offer cheap [...]
A Weak Economy Trampled by Battling Giants
(Source: The Boston Globe By Paul McMorrow) – IT’S BEEN more than four years since the subprime mortgage market seized up. The three-year anniversaries of the Lehman Brothers bankruptcy and the nationalization of Fannie Mae and Freddie Mac are weeks [...]
Are Big Banks In Trouble? Three ETFs To Watch
(Source: Business Insider) – The past few weeks have seen violent behavior in equity indexes as a slew of negative news and data led to some of the most volatile trading days since the 2008 crash. The problems largely began [...]
Fannie Mae Admits Pushing for Foreclosures Instead of Loan Modifications
(Source: The Bryan Ellis Real Estate Letter by Carole VanSickle) – In a move that local government officials throughout Michigan are describing in terms of being “disgusting…[but] not news,” Fannie Mae has released papers and internal memos indicating that the [...]
Fannie Mae: Helping or Hurting Homeowners?
(Source: MoneyWatch By Ilyce Glink) – Another instance of tax payer bailout dollars backfiring against the citizens of Main Street?
After $65 Billion, Fannie and Freddie Want More of Your Money
(Source: New York Post Abby W. Schachter) – The government-backed mortgage finance houses Fannie Mae and Freddie Mac have sucked up $65 billion in taxpayer bailout funds. But it’s not enough. Freddie Mac wants $1.5 billion more and Fannie Mae [...]
Fannie Mae Loss Widens; Seeks $2.8 Billion From U.S.
(Source: The associated Press) – Government-controlled mortgage company Fannie Mae said Friday that its second-quarter loss widened as it continues to seek loan modifications to help reduce defaults amid the ongoing difficulties in the housing and mortgage markets.
UBS Sued by U.S. Over $4.5 Billion in Mortgage Securities
(Source: Bloomberg By Bob Van Voris) – UBS AG (UBSN) was sued by the U.S. over $4.5 billion in residential mortgage-backed securities sold to Fannie Mae and Freddie Mac as regulators went to court for the first time to recoup [...]
Time for Action on Freddie and Fannie
(Source: New York Times By AGNES T. CRANE, GEORGE HAY and PETER THAL LARSE) – A year after passage of the Dodd-Frank act, the $10.5 trillion American mortgage market remains in limbo. One big reason is that the law scarcely [...]
Lower Mortgage Limits Are a ‘Trade-Off’ Bernanke Says
(Source: CNBC By: Diana Olick) – For those of you worried that the scheduled expiration of higher loan limits at Fannie Mae, Freddie Mac and the FHA will have a negative effect on the housing market by raising the cost [...]
Banks Ready for Jumbo Loan Switch
WASHINGTON (Source: NewsTimes) – How big a deal is the upcoming cutback in mortgage limits for Fannie Mae, Freddie Mac and the Federal Housing Administration? Will buyers and sellers who depend on jumbo-sized loans find themselves in a financing squeeze [...]
Chart of the Day: Smaller Banks Write Better Mortgages
(Source: the Atlantic) – There’s another reason why it might be a good idea to break up the banks: the smaller the bank, the better it is at writing mortgages. At least, that’s what the data shows. This point was [...]
Bad Mortgages Weigh on Banks
(Source: The Wall Street Journal BY NICK TIMIRAOS) – U.S. banks hold a much higher rate of defaulted mortgages on their books than do mortgage giants Fannie Mae and Freddie Mac, according to a report issued Wednesday by the Office [...]
Homeowners Who Will Consider Strategic Default Doubles In One Year
(Source: Business Insider) – A report from Fannie Mae found 27% of homeowners would consider walking away. The previous year only 15% would think of defaulting on a mortgage they could still afford.
Fannie Mae Foreclosure Plan Sets New Standards For Servicers
WASHINGTON -(Source: The Wall Street Journal)- Government-controlled mortgage company Fannie Mae (FNMA) on Monday detailed a list of new rules for home mortgage servicers aimed at fixing widespread problems in the foreclosure process.
US’s Geithner: mortgage costs to rise with reform
(Reuters) – U.S. Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be “modestly higher” after reforms are completed to the national housing finance system. Testifying before the House Financial Services Committee, Geithner said it will [...]
Five Beloved Myths of the Mortgage Market
(Source: NY Times) – America’s mortgage market almost sank the world economy. But rather than rushing to fix it, the government has blown two deadlines for proposals. The ideas are finally due as early as this week from the Treasury, [...]
Fees for home loans increase
(Source: USA TODAY) By Julie Schmit – The cost of getting a mortgage is rising as higher fees hit more borrowers, including those with stellar credit. For the first time since 2009, Fannie Mae and Freddie Mac are raising risk [...]
Fannie, Freddie, rejected $21B in loans
Image by Getty Images via @daylife (Source: United Press International) – Mortgage brokers in Washington forced U.S. banks to repurchase $20.9 billion in substandard loans during the financial crisis, a government report said. From 2007 through August 2010, the Federal [...]
Getting a Mortgage After Foreclosure?
Getting a mortgage after foreclosure is going to be no easy task. In fact it is going to be darn right impossible for a minimum of at least 3 years to a more realistic time frame of 5 years. For [...]
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