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 letter...
by countyproperties | Aug 16, 2012 | Latest News, loan modification, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
In the first 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 on Fannie 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-à-vis the numbers of buyers who want them are becoming commonplace. Now, many analysts point to the banks’ intentional decision...
by countyproperties | May 18, 2012 | Latest News, loan modification
Print Page | Press Release More Than 200,000 Bank Customers May Qualify for Principal Reduction Under Government Agreement With Large Mortgage Servicers CALABASAS, Calif., May 08, 2012 (BUSINESS WIRE) –Bank of America Home Loans has begun reaching out...