August 8, 2012 (Shirley Allen) Fannie Mae announced the opening of its thirteenth help center, this time in the Inland Empire area of California. The new Inland Empire Help Center works in partnership with the existing Los Angeles Help Center which has already assisted 2,320 homeowners since opening in November of 2010. ...
March 5, 2012 (Shirley Allen) You would think that with mortgage rates hovering near their all-time record lows for the last four months, more home buyers would be taking advantage of the low rates and finance their new home purchases instead of paying cash, but evidence points to the contrary. […]
February 13, 2012 (Shirley Allen) Despite solid gains in home sales towards the end of 2011, the best showing since the homebuyer tax credit induced sales in the first half of 2010, home prices and appraisals are still expected to be affected by the downward pressure brought on by the sale of lower priced distressed [...]
November 10, 2011 (Shirley Allen) Fannie Mae announced the opening of its twelfth help center in Washington D.C. The new Capital Area Help Center will provide free education and counseling services to struggling homeowners in the Washington D.C. area. ...
September 29, 2011 (Shirley Allen) Fannie Mae announced the opening of its eleventh help center in St. Louis, Missouri. The new St. Louis Mortgage Help Center will provide free education and counseling services to struggling homeowners in the St. Louis area. The Center was developed in partnership with the Urban Development League of Metropolitan St. [...]
September 9, 2011 (Shirley Allen) Fannie Mae announced the opening of its tenth help center in Sacramento, California. The new Sacramento Mortgage Help Center will provide free education and counseling services to struggling homeowners in the Sacramento area. The Center was developed in partnership with NeighborWorks HomeOwnership Center Sacramento Region, local community and elected officials, [...]
July 19, 2011 (Chris Moore) Freddie Mac continues to maintain a serious delinquency rate of less than half that of the mortgage lending industry, but could still lose its top credit rating if lawmakers fail to raise the debt ceiling to avoid default. […]
July 5, 2011 (Jeff Alan) Wells Fargo & Co. announced that since the beginning of 2009, they have initiated 687,047 active trial or completed loan modifications of which 585,213 were done through the company’s own loan modification programs and 101,834 that have been done through the federal government’s Home Affordable Modification Program (HAMP), a ratio [...]
June 21, 2011 (Shirley Allen) Homeowners who have experienced a reduction in income and are at risk of foreclosure due to unemployment or underemployment as a result of economic or medical conditions may now qualify for a new emergency homeowner loan program introduced by the Department of Housing and Urban Development (HUD). […]
