Q. I am having great difficultly getting a loan modification on my mortgage. I am 100% confident that I meet the criteria for the loan modification program. After initially agreeing to do the modification, they now say I don’t meet the requirements and stopped taking my calls. Can I sue? My [...]
Entries Tagged as 'Fannie Mae'
Is It Illegal if My Bank Won’t do a Loan Modification?
October 14th, 2009 · No Comments · Mortgages
Tags: appraisal·assessor's office·building inspection·Fannie Mae·Freddie Mac·illegal·loan modification·Making Homes Affordable Program·mortgage modification·refinance
Restructuring Mortgage Programs For Underwater, Subprime and Jumbo Loans
May 28th, 2009 · No Comments · Mortgages
The “Making Homes Affordable” Program introduced by the Obama administration is not limited to Fannie and Freddie Mac loans, also known as conventional or conforming loans . There are actually two sets of loan programs under the Making Homes Affordable (MHA) program. One program is called Home Affordable Refinance, and is for conforming [...]
Tags: conforming·Fannie Mae·Freddie Mac·loan restructuring·Loans·Making Homes Affordable·Mortgage·Refinancing
What Can You Expect After a Bankruptcy? The Time Line
January 9th, 2009 · 5 Comments · Banking, Bankruptcy, Credit Cards, Mortgages
Recently, someone called this article to my attention, which extolls the advantages of bankruptcy. It listed several advantages to doing it and seemed to gloss over the detriments. It’s written by Jane Bryant Quinn, who is a very respected writer by many journalists (including myself) about personal finance.
http://www.newsweek.com/id/177749?GT1=43002
To get my two cents in, I have [...]
Tags: After Bankruptcy·Credit Cards·Fannie Mae·FHA·Freddie Mac·Mortgages·Secured·Time Line·Unsecured
Fannie Mae Discontinues Eviction of Tenants in Foreclosed Homes
December 17th, 2008 · No Comments · Consumer Info, Mortgages, Real Estate
The Wall Street Journal reported on Sunday that Fannie Mae announced that they will allow tenants to remain in their homes and avoid eviction, even if the property’s landlord is facing foreclosure. The new rules are expected to take effect on January 9, the expiration date of an earlier initiative announced by both Freddie Mac [...]
Tags: avoid eviction·Fannie Mae·foreclosed homes·Foreclosures·subprime loans·tenant eviction·tenant rights
