Recent Event Highlights: Fannie Mae foreclosures on hold for some, but not for all - HULIQ, A Way Out For Homeowners In Trouble Hits A Snag - NPR, The significance of the Fed's report on an increase in homeowners' equity stakes - Washington Post, Officials ask feds to investigate foreclosures by Chase, GMAC - USA Today, RealtyTrac: Chase and GMAC Could Prolong Housing Recovery - Wall Street Journal (blog), Fannie Mae Wants to Help With Your Closing Costs – If You Buy a Foreclosure - Home Buying Institute, and 45 more...
Created by dipity on Oct 1, 2010
Last updated: 11/04/10 at 10:03 PM
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eWorld PostFannie Mae foreclosures on hold for some, but not for allHULIQThe recent announcement by Fannie Mae to create a new program that stops or controls foreclosures of homes owned by veterans and their family members aims ...Fannie Mae Foreclosures, US Army ProgramTPI News (blog)Fannie Mae foreclosures program a relief to military familieseWorld PostFannie Mae Mortgage Payment Forbearance to Avoid ForeclosureDamegoThe News of Today -PR Newswire (press release) -Real Estate Channelall 77 news articles »
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A Way Out For Homeowners In Trouble Hits A SnagNPR... short sales and foreclosures. JPMorgan, which owns some mortgages and acts as a loan servicer for many Freddie Mac- and Fannie Mae-backed loans, ...and more »
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The significance of the Fed's report on an increase in homeowners' equity stakesWashington PostDoug Duncan, chief economist at Fannie Mae and a longtime analyst of real estate and mortgage trends, said still another factor pushing up equity totals is ...and more »
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kypost.comOfficials ask feds to investigate foreclosures by Chase, GMACUSA TodayFreddie Mac and Fannie Mae have suspended foreclosures where GMAC was a servicer. Fannie Mae also said it is contacting servicers to ensure they're ...GMAC showed "bad faith" in Maine foreclosure: judgeReutersMore Foreclosures Suspended, Congress Requests Investigation Into Alleged ...Mortgage Rates & Trends (blog)all 103 news articles »
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Forbes (blog)Image via WikipediaForbes (blog)And the FHA would estimate the size of the likely loss to Fannie Mae in a foreclosure and auction. Say that that was $90000. The FHA could then have Fannie ...and more »
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NewsdayRealtyTrac: Chase and GMAC Could Prolong Housing RecoveryWall Street Journal (blog)Delinquencies appear to be slowing down, meaning fewer foreclosures are headed for the pipeline. Fannie Mae this week said serious delinquencies on ...Foreclosures continue to rise | Defaults on home mortgages in Oregon and Lane ...The Register-GuardHalf-price homes for sale in Toledo? Yep.FOX Toledo Onlineall 260 news articles »
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New York Daily NewsFannie Mae Wants to Help With Your Closing Costs – If You Buy a ForeclosureHome Buying InstituteExample: If I purchased a Fannie Mae foreclosure home for $250000, I would be eligible for up to $8750 worth of closing cost assistance. ...Home Act Introduced to Stabilize Foreclosures, Congressman SaysBloombergMortgage Foreclosures - New Fannie Mae (OTC:FNMA) Initiative Offers Targeted HelpStar Global TribuneCongressional leaders question Fannie Mae over law firms under investigationSun-SentinelStockton Record -Housing Predictor -Housing Watchall 480 news articles »
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NewsdayJPMorgan halts 50K foreclosures for possible flawsThe Associated PressBarney Frank, D-Mass. and two other lawmakers wrote to Fannie Mae, urging the government-controlled mortgage giant to stop working with so-called ...Ally no longer sending foreclosures to law firmPalm Beach PostSupreme Court will not stop foreclosures by law firms under investigationSun-SentinelOhio Secretary Bruner Outlines Two Lines of Attacks to Fight ForeclosuresLoanSafeWashington Post (blog) -USA Today -Newsinferno.comall 598 news articles »
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Lawmakers Questions GSE On Foreclosure-Attorney UseEmii.comThree Democrat members of the House of Representatives want Fannie Mae to explain why it hired law firms that allegedly specialize in accelerating ...and more »
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With more Fannie Mae foreclosures hitting the market, you get to play by their rules or move on the anther property. Between Fannie Mae and Freddie Mac, there is $5.4 Trillion in mortgage loans at their control, making them the biggest players in the foreclosure market.
Lawmakers question Fannie on 'foreclosure mills'Washington PostA trio of congressional Democrats is demanding to know why government-backed mortgage giant Fannie Mae has entrusted many of its foreclosure ...Lawmakers question Fannie about foreclosure millsMarketWatchUS House Lawmakers Ask Fannie Mae To Drop 'Foreclosure Mills'NASDAQBarney Frank questions Fannie Mae on 'foreclosure mills'Housing WireHSH Financial Publishers (blog) -Tbo.com -Firedoglakeall 20 news articles »
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Fannie Mae sends a counter offer to my buyers and they accept it. Then Fannie reneges on that counter asking for another $7k. I call BS.
Sonny Kwan introduces the Homepath program which is restricted to Fannie Mae foreclosure holdings. Minimal down payment, seller contribution and 660 credit score are some of the perks with buying a foreclosed home through Fannie Mae. The mortgage-investment giant Fannie Mae sells homes in move in condition and "as is" , fix-ups or renovation financing,
Some call Fannie Mae and Freddie Mac America's greatest economic liability. The Obama administration has opened up discussion on what to do with them, but no answers have been given. Meanwhile, foreclosure rates continue to skyrocket in the US Does this mean economists and lawmakers are clueless as to how to get out of the recession or is it that politically, they're stuck with Fannie and Freddie? Nomi Prins Author of, "It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street" discusses that it's hard to ask the question, have we learned anything because perhaps we haven't.
I created this video using my Logitech webcam software. Where does the greed end? WHAT CAN WE DO TO TAKE CONTROL OF THE ABUSE OF BANKS, CORPORATIONS AND GOVERNMENT? WHY ARE THE PEOPLE NOT HEARD? THE BANKS AND CORPORATIONS HAVE THE LOUDEST VOICES. NO ASSISTANCE FOR THE DISABLED...LOL,www.youtube.com mae lies"Inside Look: Fannie Mae & Freddie Mac
unlawful foreclosure, illegal foreclosure, chase, fannie mae, disabilities, the US, took the land from the indians, killed hundreds of thousands of innocent people, enslaved innocent Africans, ensure the freedoms and liberties and justice for the rich, not for all. CHASE LIED, LIED AND LIED, UNTIL ONE DAY BEFORE THE HOME WAS SOLD THEY PROMISED THEY WOULD NOT TAKE OUR HOME. NO HELP FOR THE DISABLED, DISCRIMINATION BY THE GOVERNMENT.
shortsalepowerhour.com Kevin and Fred revisit the foreclosure problem that Fannie Mae and Freddie Mac are creating.
shortsalepowerhour.com Fannie Mae and Freddie Mac are taking a hardline stance on foreclosure sale dates. Be aware that it will be tougher to get your foreclosure sale dates postponed in the future if the investor is one of these two government quagmire machines.
On this week's PreforeclosureDailyGrind.com "Tip of the Week" we dive into the latest and greatest challenge when dealing with Bank of America when they go against their investor guidelines(Fannie Mae), a SunTrust deal we just closed and much more.
shortsalepowerhour.com Kevin and Fred talk about strategic defaulting and touch on the ethics of it...
Visit North-ScottsdaleRealEstate.com for more information Many homes in the North Scottsdale Real Estate market are underwater; meaning that the owners owe significantly more to their lender for the property than the home is actually worth on the open market. This drop in value signifies tough economic situations for many people and an drastic increase in foreclosures. Some of those foreclosures are people that cannot afford their monthly payments. Some of those foreclosures are a strategic default. Fannie Mae has taken a strong stance against individuals that strategic default on their home. This Video explains what they plan on doing to anyone that attempts to walk away from their property despite having the financial wherewithal to continue making their payments. This is another example of how it is always better to pursue a short sale or loan modification instead of giving up and going into foreclosure. What's your opinion of strategic defaults? What's your opinion of Fannie Mae's hard-line stance against them? Leave a comment below and let us know!
Collier Swecker video blogs about Fannie Mae's decision not to accept loans on homes with unexpired redemption periods. This effectively means that they will not accept any loans on foreclosures in Alabama within 1 year of the day of foreclosure by the original lender. Fannie Mae considers the redemption period an unacceptable title defect and will only accept the loan after this redemption period has expired. This will affect the real estate market to some degree because Fannie Mae accounts for such a large percentage of home loans in Alabama. I am especially concerned for investors who are ready to invest in foreclosures, fix and flip them to permanent homebuyers. There is an extremely large number of buyers that would be utilizing a Fannie Mae loan and now cannot do so. As a result this will shrink some of the buyer pool for investors and would make me think twice before investing in a foreclosure for investment. The good news is that most of the local Birmingham mortgage companies have found banking investors that will hold loans that otherwise qualify for Fannie Mae and will transfer them to Fannie Mae after the redemption period has expired. This is a great example of the private sector innovating loan solutions in response to a governmental program's action that will cause disruption to an entire industry. If you have any comments or questions about Fannie Mae no longer insuring or underwriting loans on foreclosure homes in Alabama, email me at Collier ...
How to buy Fannie Mae foreclosure homes with a HomePath Mortgage. Joel Valencia Jr explains how to find Fannie Mae foreclosed homes as well as the benefits of a HomePath mortgage financing. Find Fannie Mae foreclosures here www.homepath.com To Get pre approved for a HomePath Mortgage go to http
Today in House Talk, government-backed mortgage giant Fannie Mae presently announced a new plan to help struggling homeowners buy a home in the future if they avoid foreclosure in the present.
How to get special financing on fannie mae foreclosures. Special opportuntiy to buy a foreclosure deals and have amazing loan terms!
www.allianceshortsales.com I am not a conspiracy theory guy but it sure seems from the last couple weeks of in the trenches short sale negotiation that Fannie Mae has a pre-determined policy to not postpone anymore short sales. Why do I say that? Simply because in the last week alone,...
Collier Swecker video blogs about Fannie Mae Anti Flipping Provisions that all Investors of Birmingham AL Real Estate need to be aware of. As the banks are adding more and more foreclosure homes to the market, Birmingham investors who plan on purchasing foreclosures that were insured by Fannie Mae need to be aware of a provision that they add into their sales contract addendum that generally stipulates that the home may not be resold for more than 120% of the purchase price for the first 90 days of ownership. Be sure and have your Realtor attempt to negotiate this term down to at least 30 days. You are welcome to email your comments on this rule to me at Collier@MegaAgentRealEstate.com or you can visit my website at www.MegaAgentRealEstate.com
There is an excellent loan program available and some bonus invcentives as well. It works all over the country. I am in CA and if you want help here, call me at (866) 385-1650
Fannie Mae employees log 30000 volunteer hours in 2009 to help the homeless and support communities
2007 -1212 SF - 2 Bed / 2.5 BAth - 37th Floor - Concrete Flooring - 1 Covered Parking - $859 Maintenance - $6180 Property Taxes - Rents @ $1900 - PRICE - $225000 Sold for $425000 in 2007
www.MortgageVideoBlog.com Before you buy a Fannie Mae foreclosure in Santa Clarita, here is a special program Fannie Mae HomePath loan program you might want check out. To find you will qualify for the program is easy, just call 661-877-4656.
On Christmas Eve, the Obama administration pledged to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac. The eleventh-hour move allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress. As the administration was making this open-ended financial commitment, Fannie Mae and Freddie Mac disclosed that 12 top executives will receive $42 million in compensation packages. This includes up to $6 million each to Fannie Mae and Freddie Mac's chief executives.
www.cashnowforyourhome.com - Fannie Mae, Freddie Mac, and Citigroup are suspending foreclosures for a short time. Learn the secrets and the steps to avoid foreclosure.
Short Sale versus Foreclosure, Fannie Mae guidelines coastal mitgation partners
(661)877-4656 www.MortgageVideoBlog.com In this video I will show you how to search for Fannie Mae Foreclosure properties. Also you will learn about a little known mortgage program that you can use to buy these Fannie Mae REO - Foreclosure homes. -You only need 3% down and this is not a FHA loan -If you are an investor, you can put as little as 10% down -There is no mortgage insurance -No Appraisal Fee - And you will find out how to get Fannie Mae to pay up to 6% toward your closing costs - If you are a first time home buyer, you can also get up to $8000 home buyer tax credit
Foreclosure Prevention Helpline Jun08 One of the biggest fears on people's minds today is foreclosure. In June CET partnered with the Home Ownership Center of Greater Cincinnati and Fannie Mae to host a Foreclosure Prevention Phone-a-thon in which home ownership specialists give expert advise on how you can avold foreclosure. Get factual, trusted resources at www.cincymortgagecrisis.org
www.consumerwarningnetwork.com Figuring out just how much junk major banks have on the books was a goal of the federal governments just released stress test for the 19 major banks receiving federal bail-out dollars. Theres still no clear answer, but we continue to see more evidence that a high percentage of sub-prime mortgages were steeped in fraud and have a high probability of failure. The American News Project just released the video above which reports fraud carried out by employees of major sub-prime lenders, like Ameriquest, was a key factor in the mortgage meltdown. Consumer Warning Network first reported our findings on this very issue more than a year ago, and is cited in the ANP report. ANP reporter Lagan Sebert talks with a former Ameriquest employee who says her company promoted a system rife with fraud as a way to make profits faster.
How to buy a Fannie Mae foreclosure directly from Fannnie Mae. Distributed by Tubemogul.
Fannie Mae refers to the Federal National Mortgage Association, and the way to stop a Fannie Mae foreclosure is to get in contact with them to try to modify the mortgage. Find out how to lengthen the time period for a mortgage to lower the interest rate with help from a certified civil mediator in this free video on foreclosures and money management. Expert: Robert Todd Contact: www.Wearehdtv.com Bio: Robert Todd is the managing partner and president of Robert M. Todd, PA and Family Law Solutions. Filmmaker: Christopher Rokosz
Analysis and Discussion with Director of Federal Housing Finance Agency and Regulator James Lockhart (Market Pulse)
Just a quick intro to Fannie Mae HomePath loan program and REO and foreclosure information.
This is a brief introduction to the Fannie Mae Home Path loan program. The program is designed to get people into Fannie MAe foreclosures with easier financing.
www.MtgModExperts.com Attorney Negotiated Home Loan Mortgage Modification, Loss Mitigation Process - Alternative to Foreclosure. Our Service will Help you Survive the Mortgage Meltdown.
In the third quarter of 2008, more than 700000 Americans faced foreclosure -- a new and troubling record. While mortgage giants Fannie Mae and Freddie Mac announced last month they would temporarily halt foreclosures and evictions from Thanksgiving to Jan. 9, the moratorium is likely to affect only a small percentage of homeowners. On a cold December morning, ANP witnessed an increasingly common, but rarely documented, tragedy: someone being evicted from his home.
We discuss the problems with the Alt-A and Sub Prime mortgage market The property of 401 Park Hill Circle Mechanicsburg Pa is in foreclosure we look at how it got there
We discuss the problems with the Alt-A and Sub Prime mortgage market The property of 401 Park Hill Circle Mechanicsburg Pa is in foreclosure we look at how it got there
washingtonindependent.com This is supposed to be the season for a break in home foreclosures, a pause in evictions over the holidays. But it's not working out that way for everyone. And certainly not for Julio Angulo of suburban Virginia, another victim of a foreclosure machine that seems to be almost unstoppable. To great fanfare, mortgage giants Fannie Mae and Freddie Mac announced last month they would temporarily halt foreclosures and evictions from Thanksgiving to Jan. 9. One analyst called the move "a giant timeout" to help people stay in their homes while they try to get their loans modified. The decision also avoids the spectacle of two government-controlled finance companies throwing families out on the street at Christmas time. Working for a better 2009 at www.michaelmoore.com
www.consumerwarningnetwork.com Fannie Mae and Freddie Mac are temporarily suspending foreclosures and evictions during the holiday season. The companies say it's part of an effort to include more people in a recently announced program to re-write mortgage loans for the most distressed borrowers.
James Lockhart, Director and Chairman of the Oversight Board at the Federal Housing Finance Agency joined Ellen Seidman of the New America Foundation to discuss the conservatorship of Fannie Mae and Freddie Mac. The interview followed an event, "Foreclosures: What are Fannie and Freddie Doing to Stem the Tide?" on November 13. www.newamerica.net/events
Foreclosures: What are Fannie And Freddie Doing to Stem the Tide? On September 7, Fannie Mae and Freddie Mac were placed into conservatorship. There was an expectation that the move would make the companies, which had hunkered down to preserve capital, much more active in dealing with the on-going housing crisis. What has actually happened, and what are the prospects for the future? How have the companies dealt with borrowers in trouble on the loans Fannie and Freddie own or have guaranteed? How are they working with servicers to modify or restructure loans? What is happening to their REO? Are they buying or guaranteeing loans to new homeowners? And who is calling the shots? Join the New America Foundation as James Lockhart discusses these and other questions relating to the conservatorship. He will be followed by Barry Zigas of the Consumer Federation of America and Gregory Baer of Bank of America. Introductions will be made by Maya MacGuineas, President of the Committee for a Responsible Federal Budget and Director of the Fiscal Policy Program at the New America Foundation. The event will be moderated by Ellen Seidman, Financial Services Policy Director in the Asset Building Program at the New America Foundation.
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