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 | Oct 31, 2011 | Finance, Latest News, loan modification, Short Sales
The Federal Housing Finance Agency, along with Fannie Mae and Freddie Mac, on Monday announced changes to the Home Affordable Refinance Program (HARP) to help more borrowers. The program will continue to be available to borrowers with loans sold to Fannie Mae and...
by countyproperties | Sep 17, 2011 | Latest News, loan modification, San Diego Real Estate, Short Sales
Financially distressed homeowners with Freddie Mac mortgages will have a new option for loan modifications beginning next month. The new option, called a Standard Modification, is designed for borrowers who are ineligible for a Home Affordable Modification Program...
