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: foreclosure
Guess Who Is Betting Big On Short Sales? The Government!!
Earlier this week, the FHFA (Federal Housing Finance Agency) managed to get a set of new “short sale guidelines” passed by Fannie Mae, Freddie Mac, and the Mortgage Insurers with which they work. While this is great news on the surface, what does it really mean to distressed homeowners?
Who Owns My Loan? – How consolidation in the mortgage industry will affect you
As if homeowners weren’t under enough duress, they now have to contend with the very real possibility of their loan being sold off in what is best described as a fire sale!
Examined: Loan Modifications & Why They Don’t Work!
In reviewing the articles that I have written in the past I discovered that while I often mentioned a certain tag line, I never really went into depth about why I believe it. So in this article I intended to explain in full light why “Loan Modifications Don’t Work!”
Short Sale Fraud “Heating Up”
With short sale’s becoming increasingly dominant in today’s market, short sale fraud has also been on the rise according to experts who spoke at the California Association of Realtors Conference in Anaheim this year.
Bank of America & JohnHart – A Short Sale Strategic Alliance
As more and more homeowners are enlightened about the pitfalls of Loan Modification, they are quickly turning to Short Sales as the best option for relief from their over-inflated mortgages and impending foreclosure sale dates. However in an industry as impacted as real estate how can a consumer determine the difference between an agent who […]
Median Home Prices Climb While Supply Tightens
Southern California’s median home price climbed to a high not seen in more than four years even as sales plummeted. This is the latest sign that the housing market is becoming increasingly competitive, with fewer homes available for purchase.
ACLU Sues Morgan Stanley for Discriminatory Lending
Yet another lawsuit has been filed against the “big banks” in relation to the lending standards and practices employed by the companies leading up to the housing market crash. What seperates this case from others is the fact that this is the first case brought by homeowners (not government) against an investment bank.
Mid 2012 Foreclosure Infographic Statistics
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Ryan Lochte’s Parents Face Foreclosure
Despite being a world class, gold medal Olympic swimmer Ryan Lochte still has to deal with the reality that many Americans face: Foreclosure