If there is one thing that is certain in life (and real estate), it is change! On July 30 of this year, changes were implemented by the Federal Reserve that can significantly affect the timeline for mortgage loan closures. If you are in the market for a home, or are trying to complete a first-time homebuyer [...]
Entries Tagged as 'Real Estate'
New Mortgage Regulations Implement Protections, Closing Delays
August 21st, 2009 · No Comments · Mortgages, Real Estate
Tags: closing delays·consumer protections·GFE·mortgage loan·Mortgages·new mortgage regulations·Real Estate·RESPA
Freddie Mac Turns to YouTube With Message on Loan Modification Programs
July 17th, 2009 · 1 Comment · Mortgages, Real Estate
Freddie Mac has a new private channel on YouTube.com, the feature presentation being a short video which shows step-by-step which documents borrowers should have on hand when they call their servicer to discuss potential loan modifications.
The two minute video, entitled, “Stop Foreclosure: Documents Your Lender Needs to Help You,” is available in both English and [...]
Tags: Freddie Mac·Freddie Mac video·loan modification·loan restructuring·loan workout initiatives·making home affordable program·Mortgage·Refinancing·stop foreclosure
Mortgage Loan Modifications Are Happening!
June 17th, 2009 · 5 Comments · Mortgages, Real Estate
To all the nay sayers who say the new government programs for mortgage loan modifications are useless, I have a success story! A friend just did a successful mortgae loan modification. Her lender had been Countrywide (now Bank of America).
She had not made a payment since September 2008 and had moved out [...]
Tags: 1040s·Countrywide·Hope Now·loan modification·loan restructuring·Making Homes Affordable·Minimum Payments·Tax returns·W-2s
