Details of President Obama’s plan to help struggling homeowners was announced today. This plan was announced a few weeks ago as the Making Home Affordable initiative. From the details which were announced today this plan helps two types of homeowners and applies only to primary homes. This means you can not expect any help on [...]
Posts Tagged ‘fannie mae’
Streamlined Loan Modification Now Available
Last week Fannie Mae announced that the Streamlined Modification Program (SMP) would now be available to borrowers. This program is part of an ongoing effort by the GSE to prevent foreclosures. Borrowers of course need to meet certain requirements to participate in the program. Tammy over at the Arizona Mortgage Team blog has done a [...]
Renters May Not Have to Move When Landlords Foreclose on Property
Last week we sold a bunch of things on Craigslist. One person who came to purchase the last baby gate was one who had to move to a new house all of a sudden. This move was because the landlord was foreclosing and by default her life was going to have to change as well. [...]










