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Entries Tagged as 'subprime loans'

Current Status of Loan Modification Programs

January 19th, 2009 · 3 Comments · Mortgages, Real Estate

Foreclosure prevention is critical for families and individuals, the communities they affect, and the overall housing market. There is a continuing effort by both public and private agencies to provide loan modification program(s) designed to reduce foreclosures and get struggling homeowners into mortgages that they can afford. A loan modification, or loan restructure,  is a [...]

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Fannie Mae Discontinues Eviction of Tenants in Foreclosed Homes

December 17th, 2008 · No Comments · Mortgages

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 [...]

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