fannie mae
Fannie Mae Rental Program Will Allow Homeowners To Avoid Foreclosure For A Year
The Fannie Mae Rental Program will allow homeowners to avoid foreclosure for a year.
This rental program or “Deed to Lease” program will allow homeowners who haven’t qualified for a home loan modification or for the Making Home Affordable Act to avoid foreclosure for a year. The Fannie Mae Rental Program has specific criteria that the homeowners must qualify for, including they must live in the home as their primary residence and they can’t be more than 12 months past due. Read the full article below fore more information on the Fannie Mae Rental Program.
Clark Howard Show Notes – Labor Day 2009
Clark Howard Show Notes – Labor Day 2009: Taylor Bean Whitaker Update; New Mortgage Brokerage rules; Loan modification hell and what to do about it; President Obama’s plans to help you save more for retirement; What men’s underwear says about the economy; How to Profit from Foreclosure; FREE BOOKS; EBOOK SPECIAL;
Home Affordable Refinance Program Expanded To 125% Loan-To-Value Ratio
The Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac will be able to use the Home Affordable Refinance Program to help homeowners with a loan-to-value ratio up to 125 percent. The previous limit was 105 percent. The 125 loan-to-value ratio will allow borrowers with Fannie Mae and Freddie Mac loans to refinance their loans under the Home Affordable Refinance Program.
Federal Housing Finance Agency (FHFA) Boss James Lockhart on Fixing the Housing Market
At the recent meeting of the National Association of Real Estate Editors in Washington, D.C., James Lockhart, director of the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, discussed how the housing market had changed from 2007 to 2009 and the strategy being used to stabilize the mortgage market. Read part of the speech here. Link to Questions and Answers with James Lockhart.
FHFA’s James Lockhart On The Role Of Freddie Mac, Fannie Mae and Federal Banks
James B. Lockhart, Director of the Federal Housing Finance Agency spoke before the National Association of Real Estate Editors on “The Roles of Fannie…
Mortgage Refinance Or Loan Modification? Check Web Sites
You may have heard about the federal government’s recent launch of MakingHomeAffordable.gov and may be wondering whether you can get a break on your mortgage – either lower interest rates or extended terms. To understand whether you’re eligible for a loan modification you should visit the government Web site and also find out whether Fannie Mae or Freddie Mac own your mortgage loan. If your mortgage is no more than 105 percent of your home’s value, you may qualify to refinance your mortgage loan.
Today On The Ilyce Glink Show – January 25, 2009
New week, new president. Today on the show we talked about the inauguration and how the stock market dived about 4 percent that day — the most on any…
Let’s Play “Who Doesn’t Want To Make A Mortgage”
If investors won’t buy packaged loans from Fannie Mae and Freddie Mac, they don’t have cash to buy loans from lenders. Then, lenders won’t have cash to give you a mortgage to buy your house. With no one to give out home loans, the entire housing market grinds to a halt.
Streamline Loan Modification Update
I have spent quite a bit of time this week calling big mortgage lenders to chat about their streamline loan modification program.
Here’s what I learn…
An Update On Streamline Refinancing
On this Sunday’s show, I talked about how streamline refinancings might be possible. Different lenders are considering this option, which basically al…
