VIENNA, Va. – June 22, 2010 – The Financial Crimes Enforcement Network (FinCEN) released its first analysis of suspicious activity reports containing information about potential foreclosure rescue scams. The report, “Loan Modification and Foreclosure Rescue Scams – Evolving Trends and Patterns in Bank Secrecy Act Reporting,” analyzed more than 3,500 SARs filed from 2004 through [...]
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 [...]
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 [...]
Team Sumberg with Keller Williams Realty would like to announce the following broadcast event to the general public in the Tampa Bay area. Walter Walker, author and Director of Education and Counseling at Housing and Education Alliance, Inc. will be appearing on WEDUs Facing the Forclosure Crisis live on tomorrow night and the show [...]
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 [...]
If you are a Florida Homeowner in default on your mortgage, PLEASE read through this and know you have 3 days to cancel your agreement for “Foreclosure-Related Rescue Services”. Florida has specific language which must be included in any agreement you sign. Be careful, Title XXXIII REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS [...]
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 [...]
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 [...]
Servicemembers Civil Relief Act We had someone mention that their customer was facing certain foreclosure and that they were active military. I suggested they look into SCRA. As a sitting member of Hillsborough County Code Enforcement Board, I have encountered this more than once while hearing cases with liens against the property. Usually the party [...]
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 [...]