by arnielevine | Jun 11, 2024 | Finance, loan modification, Stop Foreclosure
FHFA Announces Enhancements to Flex Modification for Borrowers Facing Financial Hardship IMMEDIATE RELEASE 05/29/2024 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will enhance their Flex...
by arnielevine | Mar 18, 2020 | Finance, loan modification, San Diego Foreclosure news, San Diego Short Sales
Mortgage lenders Fannie Mae and Freddie Mac will suspend foreclosures and evictions for at least 60 days as federal and business leaders respond to the growing COVID-19 crisis that will cost people their jobs and likely tip the economy into a recession. In a statement...
by countyproperties | Jan 13, 2013 | loan modification, San Diego Short Sales
Homeowners having trouble paying their mortgage are often required to write a hardship letter when applying for a loan modification. Such a letter is a requirement for modification applications under the government’s Making Home Affordable program. A hardship...
by countyproperties | Aug 16, 2012 | Latest News, loan modification, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
In thefirst six months of 2012, the nation saw 385,468 completed loan modifications, a 28% drop from year-ago levels, Hope Now said. Foreclosure starts also declined 15% while completed foreclosures fell 10% from the same six-month period of 2011. Of the homeowners...
by countyproperties | Aug 3, 2012 | loan modification, San Diego Foreclosure news, San Diego Short Sales
Federal Housing Finance Agency Acting Director Edward DeMarco will not allow principal reduction onFannie Mae and Freddie Mac loans. “Given our multiple responsibilities to conserve the assets of Fannie Mae and Freddie Mac, maximize assistance to homeowners to...
by countyproperties | Jun 8, 2012 | Latest News, loan modification, San Diego Foreclosure news, Short Sales
Clearly, thankfully, the market is looking up. Way up, actually. In many markets, tales of multiple offers and a dearth of homes vis-Ã -vis the numbers of buyers who want them are becoming commonplace. Now, many analysts point to the banks’...
