Tag Archives: Underwater

Freddie Mac says it may sue over plan to seize underwater loans

Freddie Mac says it may sue over plan to seize underwater loans
The Bay Area city of Richmond had best prepare for legal warfare if it proceeds with its plan to use eminent domain to seize the mortgages of residents who owe more than their homes are worth, housing finance giant Freddie Mac warned. The city has …
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HARP 2.0 Refinance for Underwater Home Owners by Jupiter FL Mortgage Banker Danny Poulos

HARP 2.0 Refinance for Underwater Home Owners by Jupiter FL Mortgage Banker Danny Poulos

The Home Affordable Refinance Program HARP 2.0 becomes available March 17th, 2012. It allows homeowners who have been paying their mortgage to refinance at t…
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First Federal Savings Bank of Clarksville 30 second spot – Home Equity Event.
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HARP 2 Refinance Program for Underwater Homeowners

Look-up links for Fannie Mae and Freddie Mac: ww3.freddiemac.com www.fanniemae.com www.mortgagesphd.com Mortgages PhD Las Vegas, NV If you’re upside-down in your home loan, you could be able to refinance. There is a completely new government program available called HARP II. This plan focuses on home loans which are properties of the two main government sponsored enterprises (Fannie Mae and Freddie Mac. They could own your house loan even if you pay the original bank. The mortgage had to have been implemented prior to June 1, 2009. You have to additionally be current on your payments. If your lender still handles your mortgage, it may not still own it. In fact, loan companies commonly receive the payments and process the mortgages even after they sell the loan to Fannie Mae, Freddie Mac, or some other purchaser. Do not assume the financial institution in which you make your installments to owns the loan. Furthermore, you’re better off not calling your bank directly since the client care associate might be unaware as to whether your loan is still in the original bank’s portfolio. Not to mention the fact that you’ll be waiting on hold for a long time. This is exactly why you should look into who really owns your mortgage to find out if you can be considered. This can be accomplished by checking the Fannie Mae and Freddie Mac sites. After you have performed that, you can proceed to the subsequent stage. If the original mortgage is owned by Fannie Mae or Freddie Mac, you can
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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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