Mortgage Debt Relief Act Extended The Mortgage Debt Relief Act ( MDR ) has been reportedly extended through the year 2013. This will serve as great news for any borrowers facing a short sale position on their primary residence. The MDR act may act as protection for...
Second Mortgage Lien Settlement Homeowners across the nation are struggling and many of them want to stay in their property. Many homeowners attempt a loan modification and do not qualify. Others that have qualified continue to have financial difficulties even after...
HAFA Program Expired For Fannie Mae And Freddie Mac The Fannie Mae and Freddie Mac Home Affordable Foreclosure Alternative Program (HAFA Program) will expire on December 31, 2012. This will affect many homeowners as Freddie Mac and Fannie Mae are two of the largest...
Fannie Mae And Freddie Mac Values Starting November 2012 Freddie Mac and Fannie Mae have begun their own evaluations of the BPO’s and appraisals that have been completed. Prior to this the mortgage servicers were reviewing the values for these investors. We have...
Fannie Mae And Freddie Mac Guidelines Updated As of November 1, 2012 the Federal Housing Finance Authority initiated new Standard Short Sale Guidelines that apply to all Fannie Mae and Freddie Mac mortgages. This guidelines are to help streamline short sales with all...
Third party vendor ServiceLink Short Sale Third party vendors are brought on board by mortgage servicers at times for assistance with servicing loans and collections efforts. ServiceLink has primarily been a third party vendor for IndyMac who is also known as One West...
