Archive for the Category »Loan Modification «
17
May 2012
May 2012
(TheNicheReport) — Fannie Mae and Freddie Mac are two ailing government-sponsored enterprises (GSEs) that have experienced financial peril since 2008, a year that is widely seen as the ground-zero of the global financial crisis. Both mortgage GSEs have depended on the financial assistance of the federal government in just about every quarter of the last [...]
17
May 2012
May 2012
(TheNicheReport) — The mortgage principal reduction provision of the 2012 foreclosure settlement agreement between state attorney generals and major American mortgage lenders has been generally well-received by homeowners, politicians, and some economists. There are, however, some valid concerns about the potentially negative impact that this provision could have on some sectors of the economy. The [...]
10
May 2012
May 2012
(Wall Street Journal) — Fannie Mae’s chief executive said in an interview Wednesday that he doesn’t think the company should participate in programs to write down principal for homeowners who owe more than their homes are worth. The Obama administration has offered to subsidize the cost of those write-downs, and Fannie’s federal regulator has weathered [...]
01
May 2012
May 2012
(Bloomberg) — Edward DeMarco, acting director of the Federal Housing Finance Agency, is running out of reasons to stop Fannie Mae and Freddie Mac from engaging in so-called principal forgiveness. Democratic lawmakers have unearthed internal Fannie Mae documents showing the mortgage giant was prepared in 2010 to forgive a portion of troubled borrowers’ outstanding loans. [...]
13
Feb 2010
Feb 2010
from pablos77 at msn.com forum
They posted the following
” I started to get a mod from Citi in March of 09. The first two slimes told me that if I was current on the payments they wouldn’t work with me. I couldn’t believe they would tell me that so after the first one I recorded all my calls. The second time I talked to the 2nd slime that I had originally talked to she said she would NEVER have told me not to stop my payments and the best way to avoid foreclosure was to get caught up [ ... ]
Category: Banks, Loan Modification
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