A couple weeks ago Freddie Mac announced that it would extend the terms of forbearance agreements in order to help more unemployed families to stay in their homes. This past week it was Fannie Mae’s turn to help out the unemployed families in homes backed by its mortgages. According to Fannie Mae’s servicing guidelines the [...]
CNBC’s Diana Olick reports that foreclosures are requiring more time to be completed than ever. Lender Processing Services (LPS) has tracked the average time from first delinquency to foreclosure at 631 days. The differences are stark between non-judicial and judicial foreclosure states. The non-judicial states have half the inventory and move the process along at [...]
According to a report by Moody’s four servicers, CitiMortgage, GMAC, Wells Fargo and Ocwen, outperform major competitors in loss mitigation with distressed homeowners. In particular they beat out Bank of America and JP Morgan Chase in many loss mitigation areas that were examined during the period June 2010 through June 2011. Bank of America and [...]
The Wall Street Journal broke a story last week that the AG group and major servicers are nearing agreement on a new plan that would allow under water mortgagees to refinance. The plan, reportedly, will not include any extensive principal forgiveness element, a strategy that has been a major roadblock for agreement on a robo-signing [...]
So who is benefitting from low mortgage rates? The plan currently being studied to help more Americans qualify for home refinance has been highly touted as a key to staving off another round of foreclosures. CNBC analyst, Diane Olick, however, points out that the people who actually benefit from these new low rates are not [...]
Even though the U.S. Foreclosure Market Report™ for the third quarter of 2011 only shows an increase in foreclosure activity of 1% over the second quarter, RealtyTrac’s CEO, James Saccacio, sees reason to expect a new surge of filings. He commented: “Third quarter foreclosure activity increased marginally from the previous quarter, breaking a trend of three [...]
The “new and improved” Home Affordable Refinance Program (HARP) announced a couple weeks ago is designed to help those with mortgages sold to Fannie Mae or Freddie Mac prior to April 2009 that are current on payments but over the current market value. Restrictions on how far under water the mortgage can be have been [...]
"Bob by far provides the best value and comprehensive, timely information." -Alex Bailey, Irmo, SC
"Emails I received from Bob contained very useful and up-to-date information regarding the ever changing landscape of real estate and NOT just sales pitches for other 'RE gurus' programs." - Dennis Uyeda, HI
Find us on: The Investment Machine | RealtyFeedSearch.com | Blogging Fusion Blog Directory | Investment Directory | DR.5z5 Feed Directory | OnTopList | BLOGbal | 
| blogville.us | Best Directory | 
| Thumbnails powered by Thumbshots
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
![[Valid RSS]](/images/valid-rss-rogers.png "Validate my RSS feed")
© Copyright REWealthCoach.com 2009. All rights reserved.
