Mortgage loan

This tag is associated with 7 posts

FHFA Urged to Follow Promise of Reconsideration


Homeowners with Government-Sponsored Mortgages not eligible to Reduce Homeowners Negative Equity – yet.

WASHINGTON, D. C. – Earlier this month, a $25 billion settlement was announced for 49 states to help former and current homeowners who have struggled in the wake of the foreclosure crisis, including California. Although five major banks—Bank of America, Wells Fargo, J.P. Morgan Chase, Ally Financial, and Citigroup—are participating in the settlement, homeowners with loans secured by Government-Sponsored Enterprises (GSEs) are not eligible for that assistance. The GSEs, including Freddie Mac and Fannie Mae, own or secure approximately 60 percent of the mortgages in the country.

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New Mortgage Help Center for region


by Mayra Barrios
 

SACRAMENTO, CA -The Federal National Mortgage Association known as Fannie Mae partnered with the non-profit organization NeighborWorks on Thursday, September 8, 2011 at 10 Am for an open house gathering of a new Mortgage Help Center in Sacramento to help struggling homeowners throughout the San Joaquin Valley.
After the success of the nearest center in Los Angeles, the Sacramento center will provide free education and one on counseling services to families who have mortgages owned by Fannie Mae.

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Wells Fargo Sued in Reverse Mortgage Dispute


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New America Media, News Report, Viji Sundaram, Posted: Aug 10, 2011

SAN FRANCISCO – A California resident has become yet another victim of the reverse mortgage program that is making it difficult for him to stay in the home he grew up in.
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Most generous distressed-homeowners’ help arrives


Stockton, CA / Bilingual Weekly

Some San Joaquin County homeowners in financial distress may enjoy up to $50K for free to help them to stay in their homes as Visionary Home Builders (VHB) of California was selected as the local organization to administer the $2B-dollar Keep Your Home California (KYHC) program in Stockton. Continue reading

Senator Boxer offers new raft for underwater homeowners


Washington, DC / Bilingual Weekly

Despite all “feel-good” reports about a recovering economy, the San Joaquin Valley remains as Ground Zero for both unemployment and home foreclosures.

Thus a new U.S. Senate Bill seeks to help borrowers who continue to make their mortgage payments on time, but whose homes have lost value during the real estate crisis.  Continue reading

Consulate: 4 days of foreclosure counseling


Sacramento, CA / Bilingual Weekly

Wikipedia

The Consulate General of Mexico at Sacramento announces that on Thursday, November 18 and Friday 19, 2010, between 7:00 and 8:30 pm, it will be offering personalized counseling to people who require guidance about their home mortgage at the Consulate facilities, located on 1010, Eight Street, downtown Sacramento. Continue reading

One more hope for distressed homeowners


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Stockton, CA / Bilingual Weekly

Are you having problems with your mortgage? The National Association of Real Estate Brokers–Investment Division, Inc. – Housing Counseling Agency (NID-HCA) is hosting a free Homeownership Preservation Community Workshop this coming Saturday, November 13, 2010. Continue reading

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