Chicago area home prices up 14 percent in October The median price of a single-family home in King County was $726,275 in May, surpassing the record high of $725,000 set in April and up 15 percent compared to the previous year. Seattle’s median home.
The Federal Housing Finance Agency doesn’t permit principal reductions on Fannie Mae and Freddie Mac loans. Some policymakers want to change that. Some policymakers want to change that.
Housing advocates: FHFA won’t reduce principal, offers discounted NPLs – Housing Wire: 01/10/2013 – Hank Greenberg’s Case Against ‘Uncle Sam’ – CNBC Video: Monday June 15th 2015: Confirmations Abound: Leadership Council Demands Release/Motion To Make Depositions Public – timhoward717
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“Because you are a valued customer, we want to help you stay in your home. Reduce your monthly payment of principal and interest and bring your loan current,” read the new solicitation from OneWest Bank. “We propose to permanently modify your mortgage, bring past-due payments current, and provide you with an affordable monthly payment.”
At the core is the basic question: Why won't FHFA director Mel Watt allow for. ” Buy-back arrangements like the one the Coronels requested. Anyway, it looks like Mel Watt is giving the affordable housing advocates the.
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The Federal Housing Finance Agency (FHFA) recently reported that nearly half of the almost 70,000 non-performing loans (NPLs) sold through last year had been resolved. FHFA released its latest Enterprise Non-Performing Loan Sales Report last week. These reports include information about the sale of NPLs by Fannie Mae and Freddie Mac.
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Investments Housing advocates: FHFA won’t reduce principal, offers discounted npls auctions benefit wall Street and hurt low-income communities
the principal in order to benefit the homeowner,”. that advocates for affordable housing and options for underserved communities.. Stein with FHFA notes that the NPL sell-off deals include provisions that force servicers associated with the buying investors to look
"The new NPL sale guidelines for Fannie Mae and Freddie Mac [announced earlier this year] aim to both reduce risk to taxpayers and achieve better outcomes for borrowers," an FHFA spokesperson said.
According to FHFA’s foreclosure prevention report for the fourth quarter of 2015 released on Thursday, from April 2009 until the end of Q4 2015, approximately 1.086 million homeowners with GSE-backed loans were granted HAMP trial mods. Out of those, 650,024 received permanent modifications.
KBRA: High compliance costs will drive commercial lenders from mortgage space Today, Radian Group welcomed Eric Ray into the role of senior executive vice president, technology and transaction services. The private mortgage. loans and the high yield market, in addition to.