3 Articles match "FHA","Finance","Maine"

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Wachovia Changes The Lending Game
More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed measures
www.realtytrac.com - Tuesday, February 3, 2009
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Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
And homeowners from California to Maine were left wishing they had a way to close the floodgates, stopping foreclosure of their homes immediately. Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices; establish borrowers ability to pay standards; and disclosure relating to alternative mortgage products must be enhanced. Denvers Foreclosure Task Force recently issued
www.realtytrac.com - Tuesday, February 3, 2009
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Fannie Mae Toughens Foreclosure Guidelines
As one of the two main Government Sponsored Enterprises (GSEs) in this country — the other is Freddie Mac — Fannie announced new guidelines that will effect the loans it buys from lenders all over the country, securitizes and then sells to Wall Street investors. There are only three exceptions to this requirement: • Manually underwritten loans with non-traditional credit • Loans originated in limited cash-out situations, or • Loans insured by an agency of the federal government such as HUD, FHA or VA Although it does not appear that these new standards will apply to investors, they
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Fannie Mae Toughens Foreclosure Guidelines
    As one of the two main Government Sponsored Enterprises (GSEs) in this country — the other is Freddie Mac — Fannie announced new guidelines that will effect the loans it buys from lenders all over the country, securitizes and then sells to Wall Street investors. There are only three exceptions to this requirement: • Manually underwritten loans with non-traditional credit • Loans originated in limited cash-out situations, or • Loans insured by an agency of the federal government such as HUD, FHA or VA Although it does not appear that these new standards will apply to investors, they
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE
  • Getting Help to Stop Foreclosure, Avoid Home Foreclosure Process - RealtyTrac
    And homeowners from California to Maine were left wishing they had a way to close the floodgates, stopping foreclosure of their homes immediately. Its suggestions: increase federal support for local foreclosure prevention programs; strengthen and reform the FHA; strengthen regulation of mortgage origination at the federal level; create a federal anti-predatory lending law that bans unfair and deceptive practices; establish borrowers ability to pay standards; and disclosure relating to alternative mortgage products must be enhanced. Denvers Foreclosure Task Force recently issued
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE
  • Wachovia Changes The Lending Game
    More significantly — and unlike Wachovia’s competitors — it’s making it easier for borrowers to dump option-ARMs by waiving the prepayment penalties routinely associated with such loans. “Effectively immediately,” says the company, “Wachovia is waiving all prepayment fees associated with its Pick-A-Pay mortgage to allow customers complete flexibility in their home financing decisions. If that happens, the Wachovia plan may well be responsible for saving tens of thousands of families from foreclosure.” Washington On Capitol Hill, both the House and the Senate have passed measures
    www.realtytrac.com - Tuesday, February 3, 2009
    READ MORE