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 change [...]
Entries Tagged as 'subprime loans'
Current Status of Loan Modification Programs
January 19th, 2009 · 3 Comments · Consumer Debt, Consumer Info, Mortgages, Real Estate
Tags: foreclosure prevention·loan modification·loan restructuring·Mortgages·Streamlined modification Program·subprime loans
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
