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 'Freddie Mac'
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
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
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
Rent Your Repossessed Home? Yes, You Can!
March 25th, 2009 · No Comments · Consumer Debt, Mortgages, Real Estate
Freddie Mac recently launched the “REO Rental Initiative” that gives qualified tenants and former homeowners the option to lease their foreclosed properties on a month-to-month basis. In their March 5 press release, the troubled mortgage giant announced it will continue to suspend all eviction actions until April 1, 2009 to ensure there is ample time [...]
Tags: bank-owned·Foreclosures·Freddie Mac·Real Estate·REO·REO Rental Initiative·repossessed home
