Weekly Kick-Off!

Tag: fannie mae

Weekly Kick-Off!

March 15, 2010 – This Week’s Topics: • Freddie and Fannie Bounce Mortgages Back to Banks • Unfinished Construction Offers Investors Another Opportunity to Profit • Builders Look to Prosper from Hidden Transfer Fees • Pittsburgh, Louisville Top List of Best Housing Markets • The American Culture of Homeownership • 30-Year Fixed Mortgage Rates Fall…  Continue Reading

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Fannie Mae Extends Suspension of Foreclosure Sales

Fannie Mae Extends Suspension of Foreclosure Sales

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…  Continue Reading

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Fannie Mae Promotes Short Sales?

Fannie Mae Promotes Short Sales?

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…  Continue Reading

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Fannie and Freddie – What are we in for?

Fannie and Freddie – What are we in for?

By: Josh Cantwell I probably shouldn’t be suprised by the recent chain of events regarding Fannie Mae and Freddie Mac, but still, I am.  With the deterioration of the housing market, our huge national debt, and Fannie Mae and Freddie Mac’s 5 trillion dollar debt, I think that this is something that we really need…  Continue Reading

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Fannie, Freddie, and Indy

Fannie, Freddie, and Indy

By: Josh Cantwell Hey guys, you’ve got to check out the latest article that I wrote regarding Fannie Mae, Freddie Mac, and Indy Mac. There’s some crazy stuff going on that we all need to be aware of. Here’s a sneak peek, but click the link at the bottom to read the entire article in…  Continue Reading

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Short Sales and the FICO Score

Short Sales and the FICO Score

By Josh Cantwell: It’s not hard to find chatter on the blogs concerning how a short sale or a foreclosure affects a FICO score. Frankly, even if it were the same, the differences between a deficiency judgment and a negotiated note are considerable: There’s no gray area here. As a homebuyer you need to be…  Continue Reading

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