fannie mae
Last Night’s Historic Update With Jeff Watson
Friday, September 10th, 2010 | Foreclosures, Real Estate Investing, Short Sales | No Comments
Last night was HISTORIC. More than 700 people last night logged on to hear mission critical GSE reform updates from Jeff Watson and John Grant. If you weren’t on the webinar, you missed out on important industry updates that direct impact you as a real estate investor (and as a homeowner).
Because of the importance of this issue, more than $8,000 was raised to support having our voice heard in Washington, just from this one call! Jeff and John discussed the latest information regarding Fannie Mae and Freddie Mac reform and how it can potentially change how we buy and sell real estate forever.
The information shared on last night’s call is so important, we want to make sure you have a chance to hear it again, if you couldn’t make last night’s call.
Click here to register for the replay on Sunday at 8:30pm Eastern, 5:30pm Pacific.
To get a better idea of what you can expect to hear, below is something I sent you earlier this week… › Continue reading
Fannie and Freddie Reform (This impacts you)
Thursday, September 9th, 2010 | Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales | No Comments
Freddie Mac and Fannie Mae reform is inevitable.
Together they have amassed trillions of dollars of assets, and billions of dollars of liability. The question is what is going to happen, and who is going to get what?
How we buy and sell real estate in America will change forever. This just doesn’t impact real estate investors, but homeownership in general.
That’s why TONIGHT Jeff Watson and John Grant are holding a very special webinar at 8:30 pm Eastern, 5:30 Pacific, to fill in the missing pieces that our elected leaders aren’t telling you.
They will relay the latest news straight from Washington D.C. regarding GSE (Government Sponsored Enterprises) reform, and provide incredible insights into the closed-door meetings happening right now, behind your back.
Click here to register for the call at 8:30 pm Eastern.
There is massive political pressure from all viewpoints, but is your voice as a real estate investor being heard?
John and Jeff are both active advocates for the rights of real estate investors. They’ll fill you in on all the details of what’s happening, what you should know, how to prepare, and how to react to this monumental decision.
Don’t miss tonight’s call.
My best,
Josh
P.S. There are nearly 1,000 people registered for this call already – don’t get shut out!
Click here to register now.
Urgent Industry Update
Wednesday, September 8th, 2010 | Foreclosures, Pre-foreclosure, Real Estate Investing, Short Sales | No Comments
My Partner Jeff Watson, and real estate investing industry advocate John Grant are holding an urgent industry update call this Thursday night at 8:30pm Eastern, 5:30pm Pacific.
Their mission: to make you aware of and education you on the latest information regarding Fannie Mae and Freddie Mac and help establish a voice for real estate investors in Washington.
If you’re an active real estate investor or just getting started in the industry YOU NEED TO BE ON THIS CALL. The information they plan to share directly affects you and the future of real estate investing as we know it.
This isn’t hype, I’m frighteningly serious.
Jeff and John will discuss potentially disturbing changes happening in Washington regarding real estate investors.
Click here to register for the call.
Point blank: This WILL RESHAPE REAL ESTATE in America – the ownership of property, and how it is bought and sold. This will directly impact what we do as real estate investors.
Get on this extremely important webinar Thursday to get all of the details.
For more information and to register, click here.
Talk soon,
Josh Cantwell
P.S. This will be the most important thing you do this week.
From Closed Door Washington Meetings
Tuesday, September 7th, 2010 | Foreclosures, Real Estate Investing, Real estate short sales, Short Sales | 1 Comment
At this very moment there are closed door meetings in Washington D.C. that will determine not only your fate as a real estate investor, but the future of the American Dream of homeownership.
Real estate as we know it will change forever.
(I don’t say this lightly.)
Fortunately, we have advocates fighting for our voice.
Jeff Watson and John Grant are fighting for our rights as real estate investors.
They are our “guys on the inside” and sitting at the table to protect our livelihood.
Right now there are major industry changes happening that directly impact what we do as real estate investors. (And even as homeowners.)
This isn’t hype; it’s very real and very scary if you don’t know how to react.
That’s why Jeff and John have scheduled an EMERGENCY UPDATE webinar this Thursday night, Sept. 9 at 8:30pm Eastern to directly address the industry changes and what they’ve learned sitting down at closed door meetings in Washington D.C.
They will discuss the topic of Fannie Mae and Freddie Mac reform and what it means for you and your business.
Closed door meetings have been held, and government hearings have been conducted. You need to be aware of what’s going on behind your back.
Get on the call to find out how you can prepare yourself.
Join Jeff and John this Thursday at 8:30 pm Eastern.
This call is critical. With the pending reform, at stake is TRILLIONS of dollars in assets, BILLIONS of liability. This will reshape real estate in America and how property is bought, sold and owned.
I can’t stress enough how important it is for you to be on this call.
Register at the link above and take a positive role in the change.
Best,
Josh Cantwell
Happy Labor Day & Important News To Share
Monday, September 6th, 2010 | Foreclosures, Real Estate Investing, Real estate short sales, Short Sales | No Comments
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Good morning, Before I get my day going, I wanted to take a minute and wish you a Happy Labor Day. For me, this weekend is all about family and friends – perfect in my book. Saturday morning I went out to breakfast with my family to celebrate my wife’s birthday and we had a ball! Yesterday we all went to our friend Chris Duane’s house for a holiday weekend cookout; that was lots of laughs, as always. His boy Jack is a crazy little 2 year old. No one can hold him down. It was great watching all the kids play together. Today I’ll be with my family again, for which I’m thankful. I wanted to let you know that I’m thinking of you, and appreciate your being a part of the SREC family. I also wanted to let you know that I’m planning something extra special for this week. Here’s a sneak peek – on Thursday at 8:30pm Eastern, there is going to be a super-special, emergency webinar with Jeff Watson. He’s going to share the LATEST happenings and updates on Freddie Mac, Fannie Mae, FHA and GSE Reform. You know there’s a lot going on in Washington with the GSEs, and we know that SOMETHING has to change. Well, Jeff has some insight he needs to tell you about. The information he will share DIRECTLY impacts your future as a real estate investor. You’ll hear more about it tomorrow, but for now, here’s what you need to do:
************************************************************* “All our dreams can come true, if we have the courage to pursue them.” – Walt Disney ************************************************************* Have a cold one on me, Josh P.S. You know Watson’s webinars fill up fast, so be one of the first to sign up. We will definitely overbook the 1000 lines that GoToWebinar gives us. |
What’s the Real Number of Homes in Shadow Inventory?
Monday, August 23rd, 2010 | Bank owned, Foreclosures, Real Estate Investing | No Comments
The housing market’s shadow inventory continues to be the real unknown, and the real threat to recovery. It’s a scary thing, and helps paint the true picture of what is going on with real estate. Listen to this. The government doesn’t report on how many homes are held by the banks on their books or in private label securities. Since they are in control of Freddie Mac and Fannie Mae, we can at least find out what’s the true amount there. Together, Freddie and Fannie and FHA hold 236,338 homes. But big banks report their REOs in quarterly earnings reports, and only as value of properties, not actual number of properties. That said, Thomas Lawler, economist and housing consultant, estimates that banks own $14.5 billion worth of REOs, or about 97,000 properties. Add that to private label possessions and the total number climbs to almost 600,000. That’s a far cry from the 546,000 homes the NAR reported sold in June. There’s a four month supply of foreclosed homes alone.
New Rule May Ban GSEs from Investing in Mortgages with Transfer Fees
Wednesday, August 18th, 2010 | Bank owned, Foreclosures, Real Estate Investing, Real estate short sales | No Comments
More restrictions coming for Freddie and Fannie, if the FHFA has anything to say about it!
If a new rule goes into effect and FHFA (Federal Housing Finance Agency) gets their way, GSEs will be banned from purchasing mortgages with private transfer fee covenants. These fees are sometimes worked into the home purchase contracts and require a percentage of the sale price be paid to the original owner of the property, every time the property is sold – for a period of 99 years. Edward DeMarco, FHFA’s acting director, said “The private transfer fee covenants appear to run counter to the important mission of the housing GSEs to increase liquidity, affordability, and stability in the nation’s housing finance system. Encumbering housing transactions with fees that may not be properly disclosed may impede the marketability and the valuation of properties and adversely affect the liquidity of securities backed by mortgages on those properties.” FHFA has issued a notice of proposed guidance to the Federal Register that would ban Fannie and Freddie from purchasing or guaranteeing mortgages and securities that have the controversial home resale fees attached to them. The guidance would also extend to home loans and securities purchased by the Federal Home Loan Banks or acquired as collateral for advances.
Fannie Mae Extends Suspension of Foreclosure Sales
Friday, January 16th, 2009 | Uncategorized | 3 Comments
In an effort to provide mortgage servicers more time to implement that Streamlined Modification Program (SMP), Fannie Mae will extend the suspension of foreclosure sales and evictions until Jan. 31. This initiative applies to loans owned or securitized by Fannie Mae.
During the extension, Fannie Mae hopes that attorneys and loan servicers contact borrowers and pursue workout options.
Last November, Fannie Mae announced the SMP and initiated this program on December 15th. The SMP will target distressed homeowners who have missed three payments or more, who own and occupy their primary residence, and who have not filed for bankruptcy. The goal of the program is to keep owners in their houses through a combination of reducing the mortgage, interest rate, extending the life of the loan, and possibly even deferring payment on part of the principal –– all with the intention of providing the distressed homeowner with a lower monthly payment.
Also, don’t forget to check out my most recent HubPages article talking about Fannie Mae and Short Sales by clicking here!
Have a great weekend!
- Josh Cantwell
Fannie Mae Promotes Short Sales?
Friday, January 16th, 2009 | Uncategorized | 1 Comment
During the past month, we’ve heard of several ideas and seen several attempts to give some relief to distressed homeowners facing foreclosure. Here are a few: interest rates have been lowered, loan modifications are being proposed, foreclosure moratoriums have been suggested as has the use of bankruptcy courts to restructure loans.
The whole thing gives and appearance of a “back-lash” on my old bait casting fishing pole. A bait caster is really just a rod and a spool of fishing line (think of a spool of thread). I love using it because I can cast a heavy lure a long way out, but if I use too much muscle and get too ambitious, the force causes the spool to rotate faster than it can let out line . . . and I get a huge mess . . . one big knot that takes a long time to undo…
Check out this rest of this article by clicking here
The rest of the article even includes the new email address to use to submit your packages to Countrywide.
Talk to you Soon!
- Josh Cantwell
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