The federally funded ‘Keep Your Home California’ Program will soon begin efforts to help distressed homeowners. The federal agency that oversees Fannie Mae and Freddie Mac has hesitated to approve the program passing yet sees this as a way to provide a sustainable mortgage payments.
Tag: fannie
FHFA Lacks the Staff to Properly Monitor Mortgage Giants
Reports indicate that the FHFA lacks the staff to adequately monitor mortgage giants Fannie Mae and Freddie Mac.
Dear Investor: Your Servicer is Losing Your Money
An open letter to investors regarding foreclosure versus short sale.
Guess Who Wants to Foreclose on You!
Not only are mortgage industry giants Freddie Mac and Fannie Mae household names, they own most of the households in the country. So why are they the least likely to help homeowners in need of a short sale?