The regulator for Fannie Mae and Freddie Mac could have a ?legal responsibility? to approve loan modifications for certain homeowners now that the U.S. Treasury has offered to share in the cost of mortgage write-downs.
FANNIE MAE AND FREDDIE MAC WILL NOT WRITE DOWN MORTGAGES This news is just breaking now via Bloomberg and CNBC. What does this mean? Basically, The Treasury has been pressuring the GSEs to allow for some kind of homeowner principle ... Read Post
In a push to simplify loan modifications, many borrowers who become 90 days or more past due on mortgages backed by Freddie Mac and Fannie Mae will be offered lowered payments without having to prove hardship, the federal regulator ... Read Post
Mortgage guarantor giants Fannie Mae and Freddie Mac both recently announced their intent to once again begin purchasing mortgage loans at 97 percent loan-to-value (LTV) in the case of first-time homebuyers. The result in housing po... Read Post