Recent Posts in Fannie Mae Category
Posted on Feb 12, 2011 By Admin
A day after federal mortgage giant Fannie Mae fired the prominent law firm of Ben-Ezra & Katz, a Miami judge found the firm's founding partner, Marc Ben-Ezra, in contempt of court for filing ...
Continue reading "Ben-Ezra held in contempt over 'Fraud' in foreclosure filing" »
Posted on Feb 11, 2011 By Admin
Federal mortgage giant Fannie Mae has cut ties with a second South Florida law firm handling its foreclosure cases, requiring an immediate transfer of those files to other attorneys and likely causing ...
Continue reading "Fannie Mae fires second South Florida law firm" »
Posted on Jan 14, 2011 By Deborah A. Carman, Esq.
That's easy… those that stand to profit… The U.S. housing crash has topped Great Depression levels, Florida's home prices continue a downward spiral, Florida is faced with the highest unemployment ...
Continue reading "So, who would have you believe that Florida’s Housing Prices WILL come back?" »
Posted on Dec 20, 2010 By Admin
Data released last week clearly indicates that we are on track for yet another million homes being lost to foreclosure in 2011. Although there has been a lot of talk about foreclosure filings ...
Continue reading "An Estimated One-Million Homes Will Be Lost to Foreclosure in 2011, the Time to Act is NOW!" »
Posted on Sep 7, 2010 By Admin
As we informed our readers in June, Fannie Mae had announced new policy changes intended to deter financially competent homeowners from walking away from their mortgage obligation by imposing stiffer ...
Continue reading "Lawmakers Challenge Fannie Mae's New Policy on Strategic Defaulters" »
Posted on Aug 16, 2010 By Admin
This looks like another initiative that will do little if anything to help struggling homeowners across the country. The amount of mortgage loans eligible for the new Federal Housing Administration ...
Continue reading "'Relatively Few' Loans Will Qualify for FHA Short Refinance Program" »
Posted on Jul 28, 2010 By Admin
WASHINGTON -(Dow Jones)- Fannie Mae (FNMA) Chief Executive Michael J. Williams suggested that the company's new, tougher lending standards are here to stay. In a speech in Washington Wednesday, ...
Continue reading "Fannie CEO Describes 'New Realism' For US Mortgage Lending" »
Posted on Jul 28, 2010 By Admin
As we informed our readers earlier this month, Fannie Mae announced new policy changes intended to deter financially competent homeowners from walking away from their mortgage obligation by imposing ...
Continue reading "Analysts Predict Fannie Mae's Strategic Default Policy Will Have Little Impact" »
Posted on Jul 13, 2010 By Deborah A. Carman, Esquire
Just a few short weeks ago, Fannie Mae issued an outright threat to homeowners in this country by creating a new rule that would punish anyone who stops paying their mortgage and walks away from their ...
Continue reading "Walking away from your mortgage is bad for Fannie Mae and the banks, NOT YOU! " »
Posted on Jun 28, 2010 By Florida Foreclosure Defense Attorney
After announcing this week that it intends to crack down on strategic defaulters, Fannie Mae issued a servicing guide Friday implementing another new policy - requiring servicers to verify income, ...
Continue reading "Fannie Mae Mortgage Modifications Now Require Proof of Financial Hardship" »
Posted on Jun 16, 2010 By Deborah A. Carman, Esquire
Fannie and Freddie appear to be reacting to the wave of walkaways: Homeowners who look at their mortgage bills and decide that they're paying too much for homes that have declined greatly in value. ...
Continue reading "Fannie Mae & Freddie Mac Reacting to Strategic Default" »
Posted on May 7, 2010 By Deborah A. Carman, Esquire
I had to comment on an article just released touting how Fannie Mae and SunTrust Bank, are suddenly going to assist distressed Florida homeowners through the CCCS (Consumer Credit Counseling Service) ...
Continue reading "Fannie Forms New Partnership with SunTrust Bank to Help Distressed Florida Homeowners" »