Fannie Mae Cracks Down on Strategic Defaulters

. with most of it owned by Fannie Mae and Freddie Mac and backed by the federal government.. market cracked and home prices nationally began their dizzying fall.. PMI currently changes hands at around 1.20, down from a high of. Today, strategic defaulters tend to stop all mortgage payments and.

Fannie Mae lashes out at strategic defaulters Posted on June 26, 2010 by Stout Law Firm Fannie Mae is sifting through borrower data to determine who is strategically defaulting and who is not after announcing more efforts this week to crack down on those who walk away from their homes.

Self-Help will provide a financial backstop to cover default losses in lieu. t have a lot of cash on hand. Fannie Mae’s HomeReady and Freddie Mac’s Home Possible programs, which both offer 3.

. U.S. dollar multi-decade slide, and Fannie Mae cracking down on strategic default.. “Seven-Year Lockout Policy for Strategic Defaulters.

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Fannie Mae Isn’t Amused by Strategic Defaulters.. government-sponsored entity fannie Mae has strengthened its effort to curb strategic defaults. It will crack down on borrowers who enter.

On Friday, following the publication of this story by NPR and ProPublica, lawmakers called on the Federal Housing Finance Agency to provide Congress with the new analysis on principal reductions by.

Across the board, we see a much deeper understanding of how credit, income, job security, and a down payment could. they seek other housing. strategic defaulters have been much in the news,

Fannie Mae lashes out at strategic defaulters Posted on June 26, 2010 November 19, 2014 by Stout Law Firm Fannie Mae is sifting through borrower data to determine who is strategically defaulting and who is not after announcing more efforts this week to crack down on those who walk away from their homes.

. minor plumbing leaks, holes in window screens, or cracked window glass and are typically due to normal wear and tear. The lender is not required to ensure.

In an article on USA Today – "Fannie Mae gets tough on "Strategic" mortgage defaults" – the following caught my eye: Starting in October, Fannie Mae says, strategic defaulters will be disqualified for new Fannie Mae-backed loans for seven years after their foreclosures. Fannie also says it will go to court where it can to recoup outstanding mortgage debt from borrowers who strategically default.

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