FHFA announced that the Enterprises have reached a significant milestone, completing more than 3 million foreclosure prevention actions since the start of conservatorship in September 2008, which has been noted in the 3Q Foreclosure Prevention Report.
As of the end of 2015, approximately 4.3 million homeowners were underwater, meaning that the homeowner owns a home that’s worth less than the amount they owe on their mortgage. Being underwater on your home is one of the biggest risk factors indicating foreclosure.
7 posts published by BarbaraSmallTeam during November 2014. The Federal Housing Finance Agency has announced its strategic plan for the fiscal years 2015 through 2019, reflecting the FHFA’s priorities as a regulator and conservator of government-sponsored enterprises Fannie Mae and Freddie Macas well as regulator of the 12 Federal home loan (fhl) banks.
Major news out of PIMCO as Mohamed El-Erian resigns from CEO post Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul – Housing Wire ‘billmaloni’ comments on the above article – timhoward717.com: Sen. Corker’s amendment to Prevent the Sale of Senior Preferred Stock of the GSEs – Senate.gov Corker wants more control.On January 21, 2014, El-Erian resigned from PIMCO as of mid-March 2014. He remains a member of the parent company’s (Allianz) international executive committee, chairs its international advisory committee, and is an advisor to the management board.
Milestone: FHFA says 3 million homeowners saved from foreclosure Nearly 3 million homeowners saved from foreclosure FHFA issues new rule effectively prohibiting Fannie and Freddie from using.
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Counting Up the Costs and Benefits to Lenders of Foreclosure Mediation. This more than offsets the .6 million fhfa has calculated is the annual cost to Fannie Mae and Freddie Mac of delays in Connecticut’s foreclosure process. The delegation used FHFA data to derive the amount saved per.
Zillow CEO: We sell ads not houses They found that there’s a subtle collusion in real estate that separates it from industries like stock trading and air travel. Two agents, not one, are required to sell a house-one. asked Spencer.
""Three million HARP refinances is an important accomplishment and represents real help to families and communities still struggling as a result of the mortgage crisis,"" said FHFA Director Mel Watt.
FHFA said. About 2.9 million homeowners would take the government up on its offer, saving $7.4 billion in lower monthly payments in the first year alone. An additional 111,000 borrowers would avoid.
"The state’s entire court system has been compromised," says Matt Weidner, an outspoken foreclosure defense lawyer who. He ruled for the bank in April and scheduled the Lopez home for sale on Sept..
Obama Administration Will Spend Just $12 Billion Of The $50 Billion Promised To Help Homeowners Avoid Foreclosure, CBO Says.. originally aimed to "enable as many as 3 to 4 million homeowners to modify the terms of their mortgages to avoid foreclosure.". FHFA predicts that home values won’t.
Other types of home retention actions included repayment plans, forbearance plans, and charge-offs-in-lieu of foreclosure. The number of home retention actions (3.14 million) has outpaced the.