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FLORIDA, FHA loan 30 yr fixed 6.0% I have been waiting on the modification process for 10-11 months. My father who was a co-signer Filed Bankruptcy because he lost his job. He also put my house in it, so he could get his name off. I had a loss in income. I applied for a modificatiom. The bank said i...
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Check out information on Loan Modifications through the Washington State Department of Financial Institutions http://www.dfi.wa.gov/consumers/education/home_loan/loan-modification.htm This link also gives you another link to a list of approved HUD counselors. You should speak to one of them and check...
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Another "ahead of the curve" article written by Al Yoon at Reuters... Fed up Fannie and Freddie eye new workout firms NEW YORK, Oct 25 (Reuters) - U.S. mortgage finance giants Fannie Mae and Freddie Mac are looking to more aggressively move loan workout duties to specialist firms as their frustrations...
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After a week that saw mortgage rates fall to new historic lows , large numbers of American homeowners remain unable to refinance their higher rate mortgages and take advantage of low rates due to acollapse in home values that has left upwards of 23% of homeowners with negative equity in their homes....
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This news just flashed across my terminal: --------------- WASHINGTON, Sept 28 (Reuters) - As many as 30 million U.S. homeowners would be able to refinance their mortgage at record low interest rates regardless of their income, credit history or loan-to-value ratio under a plan to be unveiled on Tuesday...
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My sister-in-law works in the mortgage department of a very large respected bank. I recently asked her at a family function why the bank she works for wants my house back so badly. I explained how I wrote and submitted three application packets to the bank. The first one was "lost" but I insisted that...
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Using the farm crisis of the early 1980s as a model, two economists have refuted several of the arguments against legislation that would permit bankruptcy judges to cramdown or stripdown of mortgage loans. Thomas J. Fitzpatrick IV and James B Thomson, economists with the Federal Reserve Bank of Cleveland...
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Fannie Mae has unrolled a new interactive website designed to educate and assist homeowners who are struggling with their mortgage payments. The site, KnowYourOptions.com , outlines the choices available to homeowners and provides guidance on how they can contact and work with a mortgage company to find...
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I'm looking for any advice on my current situation, as it seems very unique. I'll bullet point the stats first, then share my thoughts. current stats: 50% owner (other 50% is ex-wife) of Condo renting at $1575/month Have 2 mortgages on home (used to be primary residence until divorce in 2008...
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We are a national debt solutions company, debt settlement, credit restoration, loss mitigation etc. However, one of our services is to assist Realtors/RE Agents with their Short Sales process. We know that it is time consuming, and many RE Agents do not know how to get the best result. If you are looking...