Tag Archives for " fannie mae "

Prospect Mortgage Makes Homebuying Easier

Prospect Mortgage has recently come out with the HomePath Renovation Mortgage. This mortgage is beneficial to those who are interested in purchasing a foreclosure, because as foreclosure sales increase, so does the demand for renovation loans. This mortgage offers up to $35,000 in non-structural repairs and a low interest-rate, making the homebuying process much more […]

Continue reading

Fannie Mae Unveils an Interactive Video to Prevent Foreclosure!

In efforts to help Homeowners avoid foreclosure, Fannie Mae has developed an interactive video that people can use to gain more knowledge about the situation. Read this DSNews.com article about this new aid with homeowning below: “The Air Force uses visual flight simulators to train its pilots on proper procedures and prepare them for the […]

Continue reading

Worried foreclosure is coming?

LPS Data Shows GSE Foreclosure Starts Are Accelerating Fannie Mae and Freddie Mac are beginning to initiate foreclosures at a faster pace. According to a new study from Lender Processing Services (LPS), GSE foreclosure starts have been accelerating and are currently at all-time highs. From May to June, foreclosures initiated by Fannie and Freddie jumped […]

Continue reading

Good News and Bad News: Fannie & Freddie’s HAFA Short Sale Program Just Announced

Recently, Tim Burrell updated his blog to discuss Fannie Mae and Freddie Mac’s versions of HAFA.  This blog post can be read below: “At the REO CON summit, the short sale presentation discussed how Fannie Mae and Freddie Mac loans were exempt from the HAFA short sale program that was put into effect by the Treasury on April 5, 2010.  […]

Continue reading