The Experts You Can Trust
Last Tuesday, the Federal Housing Finance Agency (FHFA) issued new guidelines that would speed up the short sale process. The new short sale guidelines were directed to Fannie Mae and Freddie Mac, two mortgage servicers that FHFA regulates. Under the new FHFA guidelines, Fannie Mae and Freddie Mac are required to do the following: • Review …
FHFA Issues New Guidelines to Speed Up Short Sales Read More »
Experts say that the recently approved $26 billion foreclosure settlement will pave the way to the eventual increase in new foreclosure activities. Even as the number of U.S. foreclosure filings in the 1st quarter of 2012 has been the lowest since the 4th quarter of 2007, this does not mean that foreclosures are easing up, …
$26 Billion Settlement To Speed Up & Increase Foreclosure Activities, Experts Say Read More »
According to the 2012 Investment and Vacation Home Buyers Survey conducted by the National Association of Realtors (NAR), sales of vacation homes and investment homes have jumped in 2011 – the highest level since 2005. The 2012 Investment and Vacation Home Buyers Survey, which covers the existing and new home transactions in 2011, shows that …
Sales of Vacation Homes & Investment Homes Soar in 2011 Read More »
Bank of America, one of the nation’s largest mortgage servicers, has announced that it will allow a limited number of mortgage customers who are facing foreclosure to remain in their homes as tenants through the bank’s pilot program called “Mortgage to Lease.” Ron Sturzenegger, Legacy Asset Servicing executive of Bank of America, in a statement …
Bank of America to Allow Families Facing Foreclosure Rent their Homes Read More »
I had a friend call me this week to ask if XYZ mortgage company paid cash for keys. I knew this friend had been having some issues so I dug a little deeper. He was behind on his mortgage and knew there was no way he could catch up. His expectation was that the home would …