bailout | Tampa Bay Homes and Land

Homeowners at risk of Foreclosure are Targets of Scammers

HUD coalition launches online scam reporting tool
WASHINGTON - March 1, 2010 - The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of PreventLoanScams.org.
” Homeowners at risk of foreclosure can be easy prey for home loan modification scammers,” said John Trasviña, HUD Assistant Secretary [...]

Building a case for Principal Reduction by Lenders for Homowners

“Defaults, foreclosures plummet in January. Analysts discern signs of stability.”
So read the headline of my local paper.
Signs of Stability? Really? Now what might those be? I saw the Virgin Mary on a piece of toast once so I know we tend to see what we want to see but my tea leaves aren’t spelling [...]

2 more companies join the Government to purchase Toxic Assets.

WASHINGTON - Nov. 4, 2009 - Two more large investment companies have together raised enough money to join with the government in buying toxic assets held by banks so they can resume more normal lending to support an economic recovery.
The Treasury Department said Tuesday that New York-based Angelo, Gordon & Co. LP and Norwalk, Connecticut-based [...]

Countrywide to start making payments to it’s Florida customers.

Countrywide Financial to begin making settlement payments
TALLAHASSEE, Fla. – Aug. 7, 2009 – Countrywide Financial, now owned by Bank of America, will soon begin making cash payments of at least $3,000 to each of its Florida customers who have experienced a foreclosure or fallen behind on mortgage payments within four months of getting their loan.
The [...]

Home Affordability Refinance Program to Allow 125 Percent Loan to Value

FHFA AUTHORIZES FANNIE MAE AND FREDDIE MAC TO EXPAND HOME AFFORDABLE REFINANCE PROGRAM TO 125 PERCENT LOAN-TO-VALUE
Washington, DC
- The Federal Housing Finance Agency has authorized Fannie Mae and Freddie Mac to expand the Home Affordable Refinance Program (HARP) to homeowners who are current on their mortgage payments from the present loan-to-value ratio ceiling of 105 [...]

Helpful Government Websites for Foreclosure Help

Team Sumberg has clients, customers, friends and in some cases family who are struggling to keep their homes. It seems that every day we hear a new program announced by the government or a change to an existing program.
With a growing number of government websites it’s difficult to know where to go for information or [...]

Adjustment to Loan Modification Goals.

FHFA Sends GSE Housing Goals to Federal Register
Proposed Rule Adjusts Certain Goals for Market Conditions; Provides Credit for Loan Modifications

WASHINGTON-The Federal Housing Finance Agency (FHFA) yesterday sent a proposed rule establishing 2009 housing goals for Fannie Mae and Freddie Mac to the Federal Register for publication. Loan modifications undertaken by the GSEs consistent with [...]

HOME LOAN MODIFICATIONS INCREASING

FANNIE MAE AND FREDDIE MAC HELPING MORE HOMEOWNERS; LOAN MODIFICATIONS INCREASING
Washington, DC - Fannie Mae and Freddie Mac modified nearly 24,000 loans during the fourth quarter of 2008, an increase of 76 percent over the third quarter.
The modifications, along with the suspension of foreclosures that began November 26, reduced the number of foreclosures by nearly [...]

Does Freddie Mac own your mortgage

If you are considering some of the Government programs available to help you avoid foreclosure, you will need to know who own’s your mortgage.
Here is a link from Freddie Mac where you can find out if they do.
https://ww3.freddiemac.com/corporate/
Contact Team Sumberg for Tampa Bay Real Estate. info@TeamSumberg.com

HOT - Today’s Testimony - Examining the Making Home Affordable Plan

Statement of
Patrick J. Lawler, Chief Economist
Federal Housing Finance Agency
Before the House Financial Services Committee
Subcommittee on Housing and Community Opportunity
“Examining the Making Home Affordable Plan”
March 19, 2009

Statement of
Patrick J. Lawler, Chief Economist
Federal Housing Finance Agency
House Financial Services Committee,
Subcommittee on Housing and Community Opportunity
March 19, 2009
“Examining the Making Home Affordable Plan”
Chairwoman Waters and Ranking Member Capito, thank [...]

Tampa Bay Homes and Land

Navigation

Recent Posts

Hot Property

Historic Alafia River - 2.5 acres with 450 feet of beautiful riverfront. Just minutes from FishHawk and no HOA!!

Hot Topic Blogs

Archives

Homeowners at risk of Foreclosure are Targets of Scammers

Building a case for Principal Reduction by Lenders for Homowners

2 more companies join the Government to purchase Toxic Assets.

Countrywide to start making payments to it’s Florida customers.

Home Affordability Refinance Program to Allow 125 Percent Loan to Value

Helpful Government Websites for Foreclosure Help

Adjustment to Loan Modification Goals.

HOME LOAN MODIFICATIONS INCREASING

Does Freddie Mac own your mortgage

HOT - Today’s Testimony - Examining the Making Home Affordable Plan

Featured Property

Historic Alafia River - 2.5 acres with 450 feet of beautiful riverfront. Just minutes from FishHawk and no HOA!!

Actions

Helpful Links

Places of interest.

Search the MLS