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FHFA expands suite of loan mod tools

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Fannie Mae and Freddie Mac, as well as loan servicers acting on their behalf, have long argued that the Federal Foreclosure Bar preempts the Nevada HOA super-priority lien statute and prevents HOA foreclosure sales from extinguishing the interests of Fannie Mae and Freddie Mac.

The FHFA also notes that Fannie and Freddie’s share of loan modifications with extend-term only was 65 percent during the fourth quarter.

Loans originated on or after October 1, 2011 use the "permanent" high-cost area loan limits established by FHFA under a formula of 115% of the area’s median home price, up to a maximum of $726,525 for a 1-unit property in the continental U.S..

FHFA expands suite of loan mod tools.. lower their monthly payments if the homeowner shows a willingness and ability to make three on-time trial payments, the Federal Housing Finance Agency.

Nationstar posts 2Q net income of $75M Net interest income rose 19%, to $85.8 million. Fee-based income fell 1%, to $212.1 million, because of lower loan origination fees. Speaking of earnings, the servicers are getting slammed in recent.

FHFA to Offer simplified loan mods homeowners who have fallen behind on their Fannie Mae or Freddie Mac mortgages will be eligible for a new, simplified loan modification program beginning the summer, the Federal Housing Finance Agency (FHFA) has announced.

Multifamily starts and vacancy rates indicate strong market A reading of 42 is seen as a healthy number for the multifamily market. "Multifamily builders and developers are reporting solid demand around the country, as shown in the vacancy rate for the first quarter," said Steve Lawson, chairman of NAHB’s Multifamily Council.

With 25,417 modifications to date in 2015, Freddie Mac is averaging 5,083 modifications per month. An average of 5,596 permanent loan mods were completed monthly in 2014. The serious delinquency rate.

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Principal Reduction Modification. Mortgage Modification Solution to Help Borrowers Avoid Foreclosure. With borrower solicitation deadlines fast approaching, we want to help you meet the Principal Reduction Modification requirements, which we announced in Single-Family seller/servicer guide bulletin 2016-07.

FHFA expands suite of loan mod tools Testimony and Comments Letter from Coalition Regarding Standards for Attorney General and Federal Agency Settlement with Mortgage Servicers, August 24, 2011 Comments on Credit Risk Retention by National Consumer Law Center and National Association of Consumer Advocates to the U.S. Department of Treasury.

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A breakdown of its March issuance includes $26.452 billion of Ginnie Mae II MBS and $879 million of Ginnie Mae I MBS, which includes $782 million of loans for multifamily housing. While the Ginnie Mae.

Proof of income. unemployment income doesn’t qualify. If you’re unemployed, Fannie and Freddie are likely to provide six months of unemployment forbearance instead of loan modification, according to the FHFA. Your lender or servicer should provide you with this paperwork.