by countyproperties | Jan 29, 2012 | Latest News, loan modification, San Diego Foreclosure news, San Diego Short Sales, Short Sales
Treasury to pay investors triple for HAMP principal reductions The Treasury Department will triple payments to mortgage investors for reducing borrower principal through an expanded Home Affordable Modification Program announced Friday. Officials announced several...
by countyproperties | Jan 21, 2012 | Latest News, loan modification, Real Estate news, San Diego Foreclosure news, San Diego Short Sales
Fannie Mae will require mortgage servicers to install a new program providing forbearance relief to unemployed borrowers beginning March 1, according to guidance released Wednesday. Servicers will be able to provide up to six months of relief without getting approval...
by countyproperties | Jan 7, 2012 | Latest News, loan modification, San Diego Foreclosure news, San Diego Short Sales, Short Sales
Mortgage finance firm Freddie Mac will give unemployed borrowers a break on their mortgage for up to one year. “These expanded forbearance periods will provide families facing prolonged periods of unemployment with a greater measure of security by giving them...
by countyproperties | Jan 7, 2012 | Latest News, loan modification, Short Sales
The Home Affordable Modification Program expires at the end of 2012 and the Treasury Department is not ruling out guideline changes before then. The program launched in March 2009 to pay mortgage servicers for modifying loans on the verge of foreclosure. The Treasury...
by countyproperties | Dec 23, 2011 | Latest News, loan modification, Real Estate news, Short Sales
Borrowers who received foreclosure counseling through a national program were twice as likely to receive a modification, according to a study released Monday. The Urban Institute evaluated roughly 800,000 homeowners who took help from the National Foreclosure...
by countyproperties | Dec 16, 2011 | Latest News, loan modification, San Diego Foreclosure news, San Diego Short Sales
Foreclosure-prevention actions by Fannie Mae and Freddie Mac increased in the third quarter of 2011, according to a report by the Federal Housing Finance Agency. Since entering conservatorship in 2008, the GSEs have taken nearly 2 million foreclosure-prevention...