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Mon Nov 30, 2009 6:58pm EST By Al Yoon NEW YORK (Reuters) - The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed "short sales" of homes and other loan modification alternatives to stem a rising tide Read More...
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In other news, Fannie Mae has announced a new program today. It’s called “ Deed for Lease ”. It’s only for owner occupants, and they must be released from all second liens. Troubled borrowers can sign over the deed of their homes Read More...
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TIME RUNNING OUT ON FREDDIE MAC OFFER TO PAY UP TO 3.5 PERCENT OF CLOSING COSTS ON ELIGIBLE HOMESTEPS® HOMES For Immediate Release October 05, 2009 Contact: corprel@freddiemac.com or (703) 903-3933 HomeSteps "SmartBuy" Expiring Oct. 30 Offers Read More...
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Tax Credit Extension Considered in Senate Senate Majority Leader Harry Reid, a Nevada Democrat, is supporting a four-month extension of the home buyer tax credit. Two other proposals in the Senate would, respectively, extend the credit through June and, Read More...
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SEPTEMBER 5, 2009 Behind FHA Strains, a Push to Lift Housing Worry Mounts That Federal Agency, a Mortgage Insurer, Will Need a Bailout as Its Cash Dwindles and Role in Market Grows Article By NICK TIMIRAOS As it tried to help shore up the ailing housing Read More...
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.style1 { text-align: center; } .style2 { text-align: left; } ACACIA FEDERAL SAVINGS BANK 7724 Donegan Drive Manassas, VA 20109 SYLVIA SETASH SEPTEMBER 1, 2009 sylvia.setash@afsb.com OFFICE: (703) 595-4150 CELL: (703) 498-5042 FAX: (703) 848-2266 GOVERNMENT Read More...
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How to use “Produce the Note” in Non-judicial Foreclosure States March 5, 2009 Click on this story for the “Produce the Note” how-to step by step instructions. In some states, a lender can foreclose on your home without going to Read More...
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The Nation's Housing Obama's Refinancing Plan Could Repair an Ailing Market By Kenneth R. Harney Saturday, February 28, 2009; Page F01 Although the final operational guidelines of the Obama administration's foreclosure-avoidance programs won't Read More...
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A growing number of homeowners around the country are using a foreclosure defense that may help them retain their homes. It’s called “Produce the Note” (as also being jointly advocated by The Consumer Warning Network) and we want you Read More...
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Program Description When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first in order to purchase the dwelling; additional financing to do the rehabilitation construction; and a Read More...
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REFINANCING UNDER THE HOUSING AFFORDABILITY AND STABILIZATION PLAN This initiative has a two prong approach to stabilize the housing industry, relying on modifications and refinances. How do you determine which would apply to any situation? If the homeowner Read More...
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FIRST-TIME HOMEBUYER TAX CREDIT As Modified in the American Recovery and Reinvestment Act Major Modifications Italicized February 2009 FEATURE CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008 REVISED CREDIT – Read More...
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U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, DC 20410-8000 ASSISTANT SECRETARY FOR HOUSINGFEDERAL HOUSING COMMISSIONER www.hud.gov espanol.hud.gov May 29, 2009 MORTGAGEE LETTER 2009-15 TO: ALL APPROVED MORTGAGEES SUBJECT: Using First-Time Read More...
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UPDATE, May 29,2009: It’s official from HUD’s Shaun Donovan, the hold on this program is now over: The American Recovery and Reinvestment Act of 2009 offers homebuyers a tax credit of up to $8,000 for purchasing their first home. Families Read More...
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Secretaries Geithner, Donovan Announce new Details of Making Home Affordable Program, Highlight Implementation Progress Just Over Two Months after Release of Program Guidelines, Homeowners Realizing Relief under Administration Plan Join Secretaries to Read More...
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