Future Of Fannie And Freddie; Mortgage Foreclosure Rate

US takes over mortgage giants Fannie Mae, Freddie Mac; Fannie and Freddie guarantee nearly half of all US mortgages; WSJ Editorial: Frank ignored risks to Fannie and Freddie; Frank: Republican Congress to blame for problems at Fannie & Freddie; Frank:

Tags: bloomberg, business, government, news, NYSE:FNM, NYSE:FRE, Politics, television, tv

Mortgage Bankers Celebrate Victory

You would think this year’s Mortgage Bankers Association annual meeting would be a rather solemn affair — given the criticism the industry has endured in recent months. But our ANP reporter attending the meeting found the bankers in a celebratory mood. The reason? A massive lobbying campaign against bankruptcy reform legislation known as “cram-down” appeared to be working.

Tags: banking, Bankruptcy, Bankruptcy Bill, Bankruptcy Reform, banks, cramdown, Dick Durbin, Durbin, foreclosure, John Taylor, mortgages, renegotiate

Foreclosures – FOX News interviews expert Chip Cummings

Real estate mortgage foreclosures are center stage, and the government is ready to take action. Mortgage expert Chip Cummings is interviewed live on national FOX news “Fox & Friends” show discussing current foreclosure issues and remedies.

Tags: analysis, Chip, commentary, Cummings, estate, foreclosure, fox, home, housing, mortgage, news, real

Loan Modification, Home Loan Modification, Mortgage Loan Modification, Mortgage Modification

realestatemarketingthisweek.com – Using Retirement Funds to pay your Mortgage is just a bad idea. Get a Loan Modification — Part 6 – So it doesn’t matter if it is a 0000 property or a 0000 property the cost to the lender is 000 on the average nationally. So the idea of the upside down scenario, you may see banks more willing to entertain a broader audience of loan modifications or a broader request of loan modifications based on the fact that they know that now, what we are calling toxic assets, not only exist on their balance sheets, but they want to do something to avoid the additional cost of foreclosing on the property, to avoid the additional impact on our economy nationally with all these foreclosures mounting. So a loan modification that may not be the best or most ideal candidate today, dont throw the option completely out of the window. And to that point I would never tell a home owner to stop making their payments just to get a better loan modification, because as of today, this may not be the case two weeks or two months from now, but as of today, your servicer is not going to entertain a loan modification unless youre late in most cases. Heres the situation, though at first you may get mad at that and they get mad at me for it, but the reality of it is we have a real problem now with lots of people who are two, three, four months behind on their mortgages, this loan modification we are jumping in, we are getting attorneys involved and getting right …

Tags: bank, credit, debt, Finance, financial, home, Home Loan Modification, home mortgage modification, homes, house, houses, interest, lending, loan, loan modification, loans, Loss, loss mitigation, Mitigation, Mod, Modification, modifications, modified, mortgage, mortgage loan modification, mortgage modification, mortgages, property, refinance

Real Estate Short Sale vs Foreclosure – Experts Negotiate with Bank

realestatemarketingthisweek.com – If facing foreclosure call a short sale expert and get working on your short sale today – Part 4 – The lenders, its the loss mitigation departments that youre dealing directly, with the two of you doing the negotiations on behalf of the homeowner. Good, and then do you contact the lender immediately when someone calls you, and were going to talk about when they should call you in just a few minutes, but when the homeowner calls you do you immediately contact the lender and find out when the foreclosure date is and try to get that pushed back? We do that as soon as possible, we can check the foreclosure date on tax records, if there is one that has been set, but there is some paperwork that is involved before we can contact the lender, because the lender will not just speak to anyone on behalf of the homeowner. You can get a lawyer and they will not talk to your lawyer unless they have authorization in writing from you the homeowner to speak about their financial situation and their mortgage on their behalf. So we do have some paperwork that we have clients do and the first thing is the authorization letter, as soon as we have that we can begin speaking to them on your behalf. So Kalyn the next question is, when should someone start the process? Now. Honestly if youre listening to us right now and this is striking any sort of nerve you should be calling us. If you have concerns about being able to afford your home, or you cant sell it, if …

Tags: bank, bank short sale, banking, banks, card, credit, estate, Finance, financial, foreclosed, foreclosure, Foreclosure-Short-Sale, foreclosures, home, interest, Lender, lender short sale, lending, loan, loans, mortgage, Mortgage-Short-Sale, mortgages, quick, real, Real-Estate-Short-Sale, refinance, Sale, savings, Short, short sale

What is a Fixed Rate Mortgage?

What is a fixed rate mortgage loan? A fixed rate mortgage means the borrower has the same monthly payments on the mortgage every month. Fixed rate mortgages are repaid within a specific time frame (10, 15, 20 or 30 years). Watch this Expert Real Estate Tips segment for all you need to know about fixed rate mortgages.

Tags: benoun, borrower, estate, Expert, Fixed, loan, monthly, mortgage, on, payments, rate, real, source, Time, tips, victor

Bank Mortgage Fraud pt 1 of 5 HOW THEY DO IT…ERICA JOHNSON-SECK THANKS! MERS

stopforeclosurefraud.com lawyerthatgetsit.com MersCorp was formed in the early 1990s by the former CEOs of Fannie Mae, Freddie Mac, Indy Mac, Countrywide, Stewart Title Insurance and the American Land Title Association. Smell anything funny??? Here I will show you how MY personal Mortgage Foreclosure FRAUD happened. Pay close attention and learn before it is too late. Here are the subjects and principles. Hi Erica Johnson-SECK (SICK) I read in your Deposition how you google your name …Just add this one for reference. Law Offices Of David J. Stern PA in Plantation Florida http Stotts Dennis Kirkpatrick Don’t forget INDYMAC was shut DOWN /CLosed Kaput 3/19/2009….How did they get these signed on their behalf? These people are ALL over the US pulling this crap Do searches on them and all and see what you can find out to save your home. Judge Dale Ross in Broward County gave my home to IndyMac Bank (Property Managers) and when I tried to speak he rolled his eyes and said “What Difference Does it make”?????? He pre-judged me and this is not his job… The “difference” “is” the courts are aiding & abetting FRAUD. Yes Google his name and we will see how his peers enjoy him. I did NOT have a fair trial. I was raped from my RIGHTS as a citizen. www.browardpalmbeach.com Learn from this study it and maybe WE ON OUR OWN without the GOVERNMENT can make a difference. Thank you for allowing us to loose our wealth, rights, and justice for all. Uncover Violations: Get an Audit fmi …

Tags: April, assignment, bank, bernake, Charney, Concealment, congress, David, Dennis, Deutsche, Erica, florida, fraud, Fraudulant, Garfield, Geithner, government, Hamlet, in, INDYMAC, J., Johnson-SECK, Kirkpatrick, law, mortgage, Muckle, Neil, obama, of, Offices, Onewest, PA, Paul, paulson, Plantation, Roger, Stern, Stotts, transfer

Investigative Guy Busts Open Mortgage Foreclosure Scams

Have you been scammed by a so called Mortgage Modification company? if you said yes you are not alone thousands of homeowners have given their money to cheese balls who did nothing to help them Here at Investigativeguuy.com we are peeling away the layers on these con men. The worst news of all may be about to hit many who trusted these firms. The shady firms have the most private financial information of homeowners who can easily be victims of identity theft. Find out more at www.investigativeguy.com

Tags: foreclosure, John Mattes reporter, mortgage modification, safe house911, Scam

Mortgage Modification: Who qualifies?

(Click “More Info” to see full video script!) www.60MinuteLoanModification visit for a free CD on Mike Rockwood’s experience modifying 5 of his own home loans – and how you can too. Ask Mortgage Modification questions on our forums at http Initially, lenders strictly adhered to the seven guidelines explained below when awarding mortgage modifications. Today thats no longer true. Theyre now limiting their analysis to fewer of the original criteria as the crisis deepens and the workload increases. In fact, the range is surprising and somewhat inconsistent. This indicates to me that the rules are being written on the fly. Virtually all lenders are using cascading calculations, whereby one set of calculation results are used in the subsequent calculation. Therefore, no one criterion is final; rather, qualification depends on a combination of factors. Ability to pay: This is your ability to meet the obligations of the modified loan. Customary underwriting criteria are used, so take 55% of your gross monthly household income. That is a rough estimate of how much monthly debt payment the lender will allow. This is your target amount after modification. Debt to Income Ratio is the term that lenders use to describe this underwriting guideline. Its simply your total monthly debt payments, including cars, credit cards, student loans, and others, divided by your Gross Monthly Household Income. Type of Loan: 100% of Negative Amortizing Adjustable-Rate Mortgages (NegAM) loans will be …

Tags: Bailout, foreclosure, Home Loan Modification, hope for home owners, loan modification, mortgage modification, short sale

Mortgage Fraud, Forbearance and Foreclosure

Many people today are suffering the loss of their jobs, their income and their homes. Legislation has been passed by Congress in an attempt to help these diligent home homeowners, who through no fault of their own are losing their homes to foreclosure proceedings by the banks and lenders. These desperate homeowners are contacting their banks and lenders in an attempt to modify their loans, for example by reducing their monthly payments, by reducing interest rates or tacking unpaid mortgage payments on to the end of their loan. The banks received TARP funds, bail out monies, from the Federal Government with the intent to enable the banks to begin loaning money and/or modifying existing loans to stimulate the economy and assist these desperate homeowners who have fallen on hard times. However, no matter what you hear, the banks are NOT loaning money. Instead, homeowners are being given the run around. Homeowners make innumerable calls to their lender inquiring about a loan modification. Most of the time, the homeowner is met with no answer. Messages are left on the lenders voice mail; however, the messages are seldom returned. When a homeowner is fortunate enough to speak to a lenders representative, phone calls are put on hold, disconnected, transferred, shuffled from person to person and department to department. Some homeowners state they have made over twenty (20) phone calls in a month and sent multiple copies of requested documents to their lender. When the homeowner …

Tags: bank, deed, forbearance, foreclosure, fraud, law, lawsuit, litigation, loan, Modification, mortgage, RESPA

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