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 [...]
Streamlined loan modification program to start on December 15, 2008
November 11th, 2008 · 1 Comment
Tags: "mortgage modification" · Government Bailout · Mortgage Refinancing
Mortgage Modification for Freddie/Fannie Loans Are Demanded
September 12th, 2008 · No Comments
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 [...]
Tags: Mortgage Legislation · Mortgage Refinancing
Fannie Mae and Freddie Mac to Raise Mortgage Costs
August 16th, 2008 · No Comments
The two biggest sources of mortgages for American home buyers plan to raise their base fees to counter what they see as continuing “adverse conditions” in the real estate marketplace. At the same time, however, Fannie Mae and Freddie Mac — which currently fund more than three-quarters of all new home loans — also plan [...]
Tags: Mortgage Notes · Mortgage Refinancing