Hot Property

Federal Refinance Program Extended One Year

 

FEDERAL HOUSING FINANCE AGENCY
NEWS RELEASE
 

FHFA Extends Refinance Program By One Year
 
Washington, DC — Federal Housing Finance Agency Acting Director Ed DeMarco today announced the extension of the Home Affordable Refinance Program, (HARP), a refinancing program administered by Fannie Mae and Freddie Mac, to June 30, 2011.  The program is a key component of 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 [...]

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

Special Help for Military Families Forced to Sell at Loss

Military families are often required to relocate to a new assignment. As housing prices have fallen, many military families have been forced to either sell at a tremendous loss, attempt to rent their home, split up their family, or face foreclosure. The recent American Recovery and Reinvestment Act (ARRA) included a provision to help these [...]

10 steps to negotiating an affordable loan modification

Feb. 12, 2009 – A list of the top 10 steps homeowners can take to negotiate an affordable loan modification. The following steps apply to homeowners working directly with a lender, as well as to those teaming up with an attorney or alternative third-party representative.
1. Come clean. It can be tempting to bend the truth when [...]

Reducing Preventable Foreclosures - MAKING HOME AFFORDABLE PROGRAM

FHFA DIRECTOR JAMES B. LOCKHART STATEMENT ON “MAKING HOME AFFORDABLE” PROGRAM

“FHFA was pleased to work with the White House, the Treasury Department, the Department of Housing and Urban Development, other regulators, and Fannie Mae and Freddie Mac in the development of the ‘Making Home Affordable’ loan modification program that Treasury announced today. This program is [...]