Freddie Mac speeds up availability of streamlined loan mods

Streamlined Loan Modification Program Frequently Asked. – Streamlined Loan Modification Program Frequently Asked Questions: Important Bulletin: December 14, 2016 – In single-family seller/servicer guide (guide) bulletin 2016-22 [PDF], Freddie Mac announced the new Freddie Mac Flex Modification, which is designed to offer you an easier, flexible way of helping more borrowers qualify for a loan modification in a changing housing environment.

""Today, Freddie Mac is giving a green light to its mortgage servicers to speed up financial relief for potentially thousands of families with delinquent mortgages across the nation.

As Housing Act Passes Congress, Questions Emerge This "Equality Act" extends federal protections to include sexual orientation, gender identity and pregnancy, that is, abortion. HR 5 applies to employment, housing, rental, public accommodation and more. In addition, the terms "sexual orientation" and "gender identity" will be defined to mean "pregnancy, childbirth or a related medical condition."

Borrowers must have a loan owned or guaranteed by Fannie Mae or Freddie Mac. Borrowers must be at least 90 days but no more than 720 days (24 months) delinquent. The program is available on both owner and nonowner occupied properties. The delinquent mortgage must be a first loan.

Freddie Mac Mortgage Servicing Guidelines for 2011 Homeloansgeorgetowntx – Freddie Mac speeds up availability of streamlined loan mods Payton Contents Giants fannie mae Dynamically generated video website built Program frequently asked questions: important bulletin guide (guide) bulletin Freddie mac.

All Freddie Mac Servicers are delegated to approve a Freddie Mac Standard and Streamlined Modification per Single- Family Seller/Servicer Guide (Guide) Sections B65.11 through B65.26. Refer to Guide Chapter 63 for additional informationif the mortgage is secured by a primary residence and the borrower

If Fannie Mae or Freddie Mac own your loan, you might qualify for a Flex Modification, which is a special loan modification program. Under this program, the loan servicer takes a series of steps, which may include lowering the interest rate and/or extending the term of the loan, to lower your monthly payments.

Freddie Mac: Streamlined Modification Now Available. Freddie Mac announced May 13 that its new Streamlined Modification program will be available immediately to all eligible borrowers, such as Hurricane Sandy victims, and should expedite financial relief for thousands of distressed families nationwide.

loanDepot hires new tech team Real estate technology company HouseCanary has hired Jeff Somers as president and chief operating officer. Somers brings his extensive experience in the tech sector to the team, having worked previously at Insureon, Ticketmaster, eBay, Microsoft, Zillow and Amazon.Obama: “All-star” Julin Castro to lead HUD RealtyTrac: 2Q foreclosure activity rises as some states see reboot Rushmore Loan Management receives GSE approvals Why did residential sales decline for fourth month straight? Sales of new and existing homes have been slumping for four straight months. How much has the market cooled? Commerce figures show that new home sales are down more than 13 percent compared to last fall. Back then.Complaint against Rushmore Loan Management Services, LLC. I feel this bank is in business to force people to lose their home.. Rushmore sent you a letter advising that we could not offer you a loan modification because we did not receive a complete Application more than 37 days before the foreclosure2018 HW Tech100 Winner: LoanLogics 1 in 5 mortgages drowning Drowning in Debt . . . Underwater Mortgages – For a more detailed look at this phenomenon, and for a bit of a chuckle, here is a list of the top 15 states in our union for underwater mortgages. 1. Nevada: 69.9% of all mortgages 2. Arizona: 51.3% of all mortgages 3. Floria: 47.8% of all mortgages 4. Michigan: 38.5% of all mortgages 5. california: 35.1% of all mortgages 6. georgia: 27.8% of.LoanLogics provides solutions to lenders, servicers, insurers, and investors that want to improve the loan quality, performance, and reliability during the loan lifecycle. The LoanHD Loan Quality Management platform provides real-time, highly automated mortgage quality control, reducing costs and potentially doubling productivity when compared to manual internal audits or other third party audit.