Archive for Fannie and Freddie
Speed-Reading the Mortgage Rules – July 2012 Updates!
The big news this month is the rescission of Mortgagee letter 2012-3—where FHA says they will no longer enforce the rules for collection accounts. However, the disputed account section of the… Read more
Mortgage Rule Updates: What’s “Trending” Now!
The term “trending” is making its way to mainstream media—but it seems that it also applies to the new mortgage rules. It’s hot for a while—until they are updated again. And you’ll find… Read more
Are the Freddie HARP Rumors True?
You may have been hearing (also experiencing) a substantial amount of turn downs on HARP loans using LP and Open Access. I have had personal experience with this in trying to refi my rental… Read more
Bank of America Freddie Mac and Fannie Mae Denials for Modification Sent Out In Error due to ‘System’ Mistake
Letters have been going out erroneously to borrowers with Bank of America letterhead stating the following: Bank of America, N.A. 5401 N Beach St TX2-977-01-34 Forth Worth, TX 76137 borrower… Read more
Principal Reductions and Loan Modification without Hardship Requirements
Mr. DeMarco, who is the head of the FHFA and is a Republican, sees such a large moral danger in people cheating by going late on their mortgage to get a principal reduction and applying for a loan… Read more
Whistleblowers Reaping Millions From Mortgage Crisis
Since February, all the focus of mainstream media has been about how much of the $25 billion mortgage settlement will filter down to homeowners. For many the relief comes too late, although… Read more
Free HARP 2.0 Class: Your Questions Answered
So, Here’s what we did…We asked MortgageCurrentcy fans “What do you want to know about HARP 2.0?” It’s now posted on our website — and it’s FREE! If you have other… Read more
“What Ronald Reagan said about the federal government…” (Mtg. Regs Update)
I’m sure that at some point in your life, you’ve heard the three biggest lies in the world…. “Your check is in the mail.” Or: “I promise I’ll respect you in the morning.” And as… Read more
This Hurts My Brain… (On-Again, Off-Again Mortgage Origination Rules)
Can you guess how many rule updates affected JUST the origination side of the business this year? Just guess! Ok, I’ll tell you—it’s 259, or an average of 21 rule updates per month. To… Read more
Say It Isn’t So! Freddie gets into Providing Mortgage Liquidity for Rural America?
Look out USDA–Freddie is trying to expand financing to rural properties! In fact, they just posted a notice called: Providing Mortgage Liquidity for Rural America. Here’s the link to read… Read more
