fannie mae: Fannie Follows Freddie's Lead in Extending Forbearance Period for Unemployed - 01/17/12 05:17 PM

Fannie Mae revealed its new Unemployment Forbearance Program, which mortgage servicers are required to implement by March 1 for all Fannie Mae-owned and backed loans.
Servicers can now provide up to six months of relief for eligible unemployed borrowers without Fannie's review and approval. Borrowers may also apply for an additional six months of forbearance, for a total of 12 months.
Fannie's announcement follows a similar move by Freddie Mac.
To find out if your loan is backed by either GSE, use the "Fannie Mae Loan Lookup" or "Freddie Mac Loan Lookup" tools on the Useful Links section of our website. … (1 comments)

fannie mae: Fannie Mae & Freddie Mac Announce an "Eviction Moratorium" for the Holidays - 12/19/11 06:20 PM
The holiday season should be a magical time of year. However, for a growing number of families, the usual holiday celebrations are trumped by financial troubles, foreclosure and the looming threat of eviction.
Fannie Mae and Freddie Mac offered some relief to such families by announcing an “Eviction Moratorium” through January 2, 2012. During this time, families living in foreclosed homes will not be forced to leave, though legal proceedings may continue as scheduled.
Undoubtedly, Fannie and Freddie’s efforts will prove comforting to homeowners who find themselves in this situation. However, the relief is short lived.
Remember, the “eviction moratorium” is … (4 comments)

fannie mae: Presidential Candidates Blasted for Views on Housing - 11/16/11 04:46 PM
In a recent blog post, CNBC’s Diana Olick slams the Republican presidential candidates’ plans for solving the nation’s housing crisis.
Political beliefs aside, Olick makes some astute observations regarding the bank’s preferences for short sales over foreclosures and the important role that Fannie Mae and Freddie Mac play in keeping the market liquid.
Given the major impact housing has on the overall U.S. economy, it’s vital that our political leaders have a thorough understanding of these issues.
The biggest mistake we see politicians make, however, is to claim they have a new plan or program to fix the housing crisis. The … (2 comments)

fannie mae: CDPE Agents: Does your market know what you have to offer? - 10/13/11 11:57 AM
 
August 17th, 2011 in CDPE by Alex Charfen Those of us who are immersed in the big picture of helping homeowners to avoid foreclosure are perplexed, to say the least, by the fact that in the majority of foreclosures, a short sale is not attempted and a real estate agent is never even contacted.
 Is this due to a lack of awareness of options? Misinformation? Denial? Distrust?
 For you, as a CDPE agent who has earned the most important designation in the history of real estate, it’s never been more important to make sure your market knows who you are, … (0 comments)

 
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Alex Charfen

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