Tag Archives: homeowners

FHA Mortgage Insurance Premium Changes Will Help Homeowners with FHA Home Loans in Colorado

“FHA Mortgage Insurance Premium” Changes effective 11 June 2012 will help millions of Americans to include those Homeowners with FHA Home “Loans in Colorado”. Most individuals who had gotten an “FHA Mortgage” during the past 4 years have been unable to refinance because FHA had almost tripled…
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Fannie & Freddie To Let Some Underwater Homeowners Walk Away From Their

Fannie & Freddie To Let Some Underwater Homeowners Walk Away From Their
Bloomberg reports that, starting in March, Fannie and Freddie (who own or guarantee a combined $ 5.2 trillion in mortgages) will offer relief to some homeowners who owe more than their house is worth but who have kept up their payments regardless. If …
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(Pt) 1. Mortgage lenders pursue homeowners even after foreclosure

Now This Sucks, so make sure you cover all aspects of Forclosure and deeds in lieu. MensHelpTv As terrible as it is to lose your house to foreclosure, at least it’s a relief to put your biggest financial headache behind you, right? Wrong. Former homeowners may still be on the hook if there’s a difference between what they owed on their mortgage and what the bank could sell it for at auction. And these “deficiency judgments” are ticking time bombs that can explode years after borrowers lose their homes. It can even happen to people who got their bank to approve them selling their home for less than it is worth. Vanessa Corey, for example, short sold her Fredericksburg, Va., home in April 2008. She and her husband built the house in 2004, but setbacks, both personal (divorce) and professional (housing bust), made it impossible for the real estate agent to keep her home. So she negotiated the short sale and thought that was the end of it. “My understanding was that the deficiency was negotiated away,” she said. “Then, last November, I got a letter from a lawyer telling me I owed my lender 000. I had to declare bankruptcy. There was no way I could pay it.” Many homeowners are now in the same boat. And not just those who took out bigger loans than they could afford or who did so called “liar loans” where they didn’t have to verify their income. Because of falling home prices, borrowers who always paid their mortgage but who have run into unforeseen circumstances — like
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Helping Homeowners, Housing and Urban Development, Banks and Loans, Refinancing (2012)

thefilmarchive.org February 1, 2012 The United States Department of Housing and Urban Development, also known as HUD, is a Cabinet department in the Executive branch of the United States federal government. Although its beginnings were in the House and Home Financing Agency, it was founded as a Cabinet department in 1965, as part of the “Great Society” program of President Lyndon Johnson, to develop and execute policies on housing and metropolises. HUD has experimented with Enterprise Zones granting economic incentives to economically depressed urban areas, but this function has largely been taken over by states. The major program offices are: Community Planning and Development: Many major affordable housing and homelessness programs are administered under Community Planning and Development. These include the Community Development Block Grants (CDBG), the HOME program, Shelter Plus Care, Emergency Shelter Grants (ESG), Section 8 Moderate Rehabilitation Single Room Occupancy program (Mod Rehab SRO), and Housing Opportunities for Persons with AIDS (HOPWA). Housing: This office is responsible for the Federal Housing Administration; mission regulation of Fannie Mae and Freddie Mac; regulation of Manufactured housing; administration of Multifamily housing programs, including Supportive Housing for the Elderly (Section 202) and Supportive Housing for Persons with Disabilities (Section 811); and Healthcare facility loan insurance. Public and Indian Housing: This office
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Boro tops city in foreclosures on homeowners

Boro tops city in foreclosures on homeowners
NACA spokesman Darren Duarte said every major lender in the country will be at the event, including Sallie Mae and Freddie Mac, and they can reduce interest rates as low as 2 percent and, in some cases, reduce a mortgage's outstanding principal.
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Report: Bank of America workforce shrinking
These involve mortgages sold to securitizers, primarily government-sponsored entities Fannie Mae and Freddie Mac. If the securitizer believes they were sold using incorrect data, it demands the bank take them back. Bank of America has been in a dispute …
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