HAMP is expiring but do not despair

Step Aside HAMP, There’s a New Kid in Town With the Home Affordable Modification Program (HAMP) set to expire in less than three weeks, Fannie Mae has designed a foreclosure prevention program, Flex Modification, to help America’s families by offering reductions to their monthly mortgage payments. According to the announcement Wednesday, from the GSE, this … Continue reading HAMP is expiring but do not despair

FHA Rescinds Rule for Foreclosure on HECM Surving Non-Borrowing Spouses

From The MReport 5/4/15 The Federal Housing Administration (FHA) has issued a memo announcing the rescinding of a mortgagee letter written in January that would have allowed reverse mortgage lenders the option of delaying foreclosure proceedings on surviving non-borrowing spouses. Mortgagee Letter 2015-12, issued by HUD on Thursday, announced the immediate rescinding of Mortgagee Letter 2015-03, originally … Continue reading FHA Rescinds Rule for Foreclosure on HECM Surving Non-Borrowing Spouses

The shocking truths for homeowners struggling against foreclosure

Law firm: Wells Fargo case study allegedly reveals what they are up against From Housingwire.com 10/13/14 Several big banks have negotiated large settlements with the Department of Justice for their role in the housing bubble and subsequent economic collapse. While the historic settlements sound promising on the surface, a study by Denbeaux & Denbeaux law firm exposes … Continue reading The shocking truths for homeowners struggling against foreclosure