Desperate Fannie And Freddie Are Accepting On-Time Rent As Credit In New Underwriting Guidelines Fannie Mae and Freddie Mac are expecting to see a drop in revenue with the pending recession. As a result, a desperate Fannie and Freddie are resorting to a new tactic to get people qualified for mortgages. The GSEs are using […]
Desperate Fannie And Freddie Accepting On-Time Rent As Credit Read Post »
Mortgage Servicers Ignoring Demands From FHFA That They Offer Homeowners Coronavirus Mortgage Relief Are Mortgage servicers ignoring demands from FHFA Director Mark Calabria? Believe it or not, they are and the FHFA is not happy. Calabria along with Fannie Mae and Freddie Mac leadership was forced to notify mortgage servicers of their obligations to their
Mortgage Servicers Ignoring FHFA Coronavirus Mortgage Relief Demands Read Post »
Fannie Mae And Freddie Mac Will Update Uniform Residential Loan Applications In November 2020 The Federal Housing Finance Agency announced three years ago that they were changing the Uniform Residential Loan Applications used by the lending industry. It will the first change in 20 years. The GSEs later dictated that lenders would be required to
Uniform Residential Loan Applications Will Be Updated In 2020 Read Post »
Federal Prosecutors Accuse Loss Mitigation Services Of Defrauding HUD, Fannie Mae, and Freddie Mac The owners and co-founders of Loss Mitigation Services are accused of defrauding Fannie Mae, Freddie Mac, and HUD. Federal prosecutors allege the Massachusetts based short sale company defrauded government agencies on nearly 100 short sale transactions. Loss Mitigation Services negotiates with lenders
Loss Mitigation Services Accused Of Fraud By Feds Read Post »
Federal Judge In Rhode Island Rules Non-Judicial Fannie Mae Foreclosures Violate US Constitution MFI-Miami lawyers and lawyers in non-judicial foreclosure states have been arguing that non-judicial Fannie Mae foreclosures are unconstitutional. Up until this past August, we have had limited success. One of the roadblocks has been the question of Fannie Mae and Freddie Mac’s current
Judge Rules Non-Judicial Fannie Mae Foreclosures Are Unconstitutional Read Post »
