Fannie Mae and Freddie Mac’s regulator announced Tuesday that the housing finance giants will implement a sweeping plan to prevent distressed borrowers from losing their homes to foreclosure. The new program, which goes live December 15, aims to speed up the loan modification process by using a more-streamlined protocol.
Here are the details:
The new plan [...]
Tags: "mortgage modification" · Government Bailout · Mortgage Refinancing
The following Peter Schiff article comes from the San Diego Tribune. Peter Schiff is president of Euro Pacific Capital and author of “The Little Book of Bull Moves in Bear Markets.” … [For the view of the other side, read this post].
If you are a mortgage holder who is either struggling with crushing payments, [...]
Tags: Government Bailout · Mortgage Refinancing
Fannie Mae and Freddie Mac may no longer be able to lobby, but consumer advocacy groups sure can — and they’re already pressing regulators and legislators to see Fannie and Freddie enact wide-scale loan modifications for troubled borrowers. Think fdic and IndyMac, but on a much grander scale.
Four U.S. Senators (Charles Schumer (D-NY), Robert [...]
