by countyproperties | Feb 17, 2012 | Latest News, loan modification, Real Estate news, San Diego Real Estate, San Diego Short Sales
On February 9, Attorney General Kamala D. Harris announced that California secured up to $18 billion for its distressed homeowners as part of a $25 billion national multistate settlement with the country’s five largest loan servicers. More than $12 billion will...
by countyproperties | Feb 12, 2012 | Latest News, loan modification, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
In his State of the Union address, President Obama laid out a plan to help responsible borrowers and support a housing market recovery. Key aspects of the president’s plan include: Broad-based refinancing: The president’s plan will provide borrowers who...
by countyproperties | Feb 12, 2012 | Latest News, loan modification, San Diego Short Sales
Fannie defends ending pilot principal-reduction program. A small pilot principal reduction program Fannie Mae killed in 2010 was not performing well enough for executives to expand, the mortgage giant claims. Reps. Elijah Cummings, D-Md., and John Tierney, D-Mass.,...
by countyproperties | Feb 4, 2012 | loan modification, San Diego Foreclosure news, San Diego Short Sales
As the housing market continues to struggle for stabilization, many homeowners are turning to strategic default. Almost 11 million homes are now underwater, according to Corelogic. Around 3.5 million homeowners are behind in their payments and another 1.5 million...
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...
