Tag Archives: housingwire.com

NO Principal Reduction for Fannie Mae & Freddie Mac Loans

Fannie Mae and Freddie Mac Loans Will NOT be Allowed to do Principal Reduction for Loan Modifications under the Home Affordable Modification Program (HAMP). Click Here to Read More

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Part of California Homeowner Bill of Rights passes committee

The Assembly Public Safety Committee unanimously passed Senate Bill 1474, a piece of the California Homeowner Bill of Rights, which aims to protect the state’s homeowners from fraud.

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B of A to Pay Homeowners Up To $30K For Short Sales

Bank of America launched a new short sale program that could pay distressed homeowners between $2,500 and $30,000 in relocation assistance. This is good news for homeowners that [..]

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Banks Slowly Begin Principal Reduction Promised in the Settlement

The banks are beginning to reduce principal on a Few loan modifications based on the recent settlement with the states. At this point, it appears that homeowners need to currently be [..]

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Strategic Foreclosure Default versus Short Sale

It’s Good Business to Short Sell your Under Water home instead of foreclosure… ESPECIALLY if you are Not a Multi-Millionaire who can pay cash for future items because [..]

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Investigation peers into foreclosure problem depths

Now-settled mortgage servicing violations permeated every step of the foreclosure process and were monitored by top executives across the entire industry, according to findings released by the Department [..]

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