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 [...]
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Hot Property Historic Alafia River – 2.5 acres with 450 feet of beautiful riverfront. Just minutes from FishHawk and no HOA!!450 feet of ALAFIA RIVER at it's finest For Sale $249,900 |
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 [...] 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 [...] 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 [...] 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 [...] 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 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 [...] ADVICE FROM THE FEDS: Scam artists are proliferating, attempting to make money from troubled borrowers interested in taking advantage of President Barack Obama’s foreclosure-prevention plan. The firms charge fees for what they tell borrowers will be quick and effective negotiations with banks. In most cases, the firms take the homeowners’ money – often more than [...] 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 [...] Understandably, homeowners who apply for a loan modification tend to get a little antsy and perhaps even annoyed when they apply for a loan modification and then fail to hear anything for several weeks, especially if they continue to receive late payment notices and nasty phone calls from collection agencies. Many homeowners wonder, “How long [...] |
Featured PropertyHistoric Alafia River – 2.5 acres with 450 feet of beautiful riverfront. Just minutes from FishHawk and no HOA!!450 feet of ALAFIA RIVER at it's finest For Sale $249,900 |
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