FreddieMac.com launches online tool for distressed borrowers

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Here’s a Chance to Weigh In on Federal Support for Affordable Housing – In the U.S. government’s great wealth-building machine, Fannie Mae and Freddie Mac are the most important cog. By creating secondary markets for specific loans with specific borrower standards,

Fannie and Freddie Updates From The Conference; Trends in HELOCs & eClosings – Also in conjunction with MBA Annual, following the announcement that its employment and income verifications tools. borrower income verification, automated borrower asset verification, and.

Genworth Launches Loan Processing University – Genworth Mortgage Insurance has announced the launch of Loan Processing University, a professional development program whose online. freddie mac. classroom attendees will work with case studies to.

Loan modification in the United States – Wikipedia – Loan modification is the systematic alteration of mortgage loan agreements that help those. Modification were a fix to the crash as litigation has ensued as the lenders.. Housing starts, which peaked at more than 2 million units in 2005,. tools to assist distressed borrowers when a borrower demonstrates the need.

Another DOJ/False Claims Settlement; Conventional Conforming Program Changes – The new page describes how to contact Fannie chat, and includes a link to search for help online. with the launch of Freddie Mac’s Home Possible program. This flexible loan offers low down payment.

Freddie Mac: New Re-Employment Program to Help Financially. – Freddie Mac issued a release introducing a re-employment program designed to help financially distressed Freddie Mac Home Possible borrowers in Duty to Serve high-needs areas address their employment challenges and prevent potential mortgage loan delinquencies and defaults.

Portfolio, Construction Products; eNote and eClosing News; Upcoming Training – Make every customer interaction count so your borrower feels as good through the life of the loan. Caliber has officially launched Caliber Smart Start – an innovative tool that validates loan.

Inside Look: Real Estate Owned Gets Jumbo-Sized Real Estate Placed in a Living Trust . If you are the sole owner of a piece of property, you can include that property in your living trust. You will need to change the property’s title to reflect the ownership change. If real property is transferred into a trust, there are several additional issues to consider, including the following:

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More and More eClosings; Credit Score Trends: 850 FICO a Goal? – First Choice Loan Services Inc., a Berkshire Bank Company, announces the launch of a new customer relationship management (CRM) tool powered by the. and marketing." To make online closings.

Holiday Surprise from Fannie and Freddie: Foreclosures. – Moffett also emphasized that lenders servicing freddie mac-owned mortgages will continue to work with borrowers to consider all workout options Freddie Mac employs to help distressed borrowers who.

Countrywide to modify loans worth up to $16 billion | FHA. – Countrywide has announced a $16 billion "Home Preservation Program" that it says will "benefit more than 80,000 borrowers.". Under intense pressure, in part because it’s the largest mortgage lender in the country, Countrywide says it will modify "up to" $16 billion in loans from buyers facing default.

Consumer spending reaffirms likelihood of December interest rate hike U.S. consumer spending rose more than expected in September as households boosted purchases of motor vehicles and inflation increased steadily, which could bolster expectations of an interest rate hike from the Federal Reserve in December.