Home Loans

After Mortgage Settlement, Fannie Mae, Freddie Mac Face Renewed Pressure On Principal ReductionTop law enforcement officials in several states are signaling they will pressure Fannie Mae and Freddie Mac to correct what is widely seen as one of the biggest deficiencies of the $25 billion mortgage settlement announced on Thursday: It simply doesn't help that many homeowners. Borrowers whose loans are backed by the government-controlled...  

Change will be the operative word for community banks and credit unions in the world of mortgage financing as the Obama administration moves forward with plans to wind down Fannie Mae and Freddie Mac's operations, The Washington Post reports. That's because government-sponsored Fannie and Freddie are the most active buyers on the secondary market for residential mortgages, where many small financial institutions sell the home loans they...  

The following issue is being redeemed via the company's call option: Issuer: Fannie Mae Coupon: Step-Coupon Maturity: Aug. 24, 2023 Redemption Amount: $110 million Redemption Price: 100 percent Amount Remaining: Fully Retired Security ID ...  

Wells Fargo: 3.3k Active Trial/Loan Modifications in DecemberLoanRateUpdate (press release)About 62 percent of those loans, 2056, were modified through the company's own loan modification programs while the remaining 38 percent, 1258, were modified through the federal government's Home Affordable Modification Program (HAMP).  

BloombergInformation on the Attorney General's SettlementLoanSafeIf your loan is owned by Fannie Mae or Freddie Mac, but serviced by the five mortgage servicers named above, you are NOT eligible for loan modification or refinancing under this settlement. Loans that are owned by Fannie Mae or Freddie Mac are not ...What Will Illinois' $1B Robo-Signing Settlement Mean For You?ChicagoNow (blog)Our Opinion: Good first step to fix home crisisThe...  

The majority of condominium communities in the Coachella Valley have allowed their eligibility for Federal Housing Administration financing to expire, according to federal data. That can prevent would-be homeowners who want to tap FHA loans ...  

As the Obama administration forges ahead this spring with plans to wind down mortgage giants Fannie Mae and Freddie Mac, community banks and credit unions are bracing for the impact. The government-sponsored entities are the most active buyers on the secondary market for residential mortgages, where a growing number of small financial institutions sell the home loans they originate. Private investors remain largely inactive in acquiring...  

Feds Expand Mortgage Loan Modification Eligibility Under HARPExec Digital (press release)The federal government recently announced expansion of its Home Affordable Refinance Program (HARP), which helps borrowers who have been able to make payments on federally backed loans but have not been able to refinance due to stricter lending ...and more »  

BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced on Friday that she has sent a letter urging Fannie Mae and Freddie Mac to engage in principal forgiveness and loan modifications for homeowners. The leaders of Freddie Mac ...  

Gold Quest Group, LLC is officially a 2012 Better Business Bureau Accredited Business! We are a Houston-based mortgage broker serving all of Texas. Today, the firm offers FHA, VA, Fannie Mae, Freddie Mac, Ginnie Mae, USDA, SBA, Hard Money, Super Jumbo and ...  

A lot of people would like to refinance from a higher interest mortgage rate to the record low rates we've seen for some time but have been unable to do so for a variety of reasons. With HARP II starting in March, the $26 billion mortgage settlement of the other day and other programs, some (but not enough) homeowners will now be able to refinance.FHA loans have been difficult to refinance due to a little known roadblock known as a "Compare...  

At least $3 billion will go toward refinancing loans for borrowers who are current on their mortgages but who owe more on their mortgage than their homes are worth. Borrowers who meet basic criteria will be eligible for the refinancing, which will reduce ...