Freddie Mac will offer job search assistance to homeowners in rural communities struggling to make mortgage payments or at risk of foreclosure through its Duty to Serve initiative in partnership with the outplacement company NextJob , the mortgage giant announced Thursday . “While some parts of the country are benefitting from low unemployment rates, many […]
From Freddie Mac's weekly survey: For the first time in six months, the 30-year fixed broke above the 4 percent line, this week averaging 4.04 percent. That's 5 basis points higher than last week's 3.99 percent. Foreclosure News
Fannie Mae and Freddie Mac will suspend the evictions of foreclosed single-family properties during the holiday season, according to the government-sponsored enterprises. The suspension of evictions will apply to single-family and two-to-four unit properties between Dec. 18 and Jan. 2 for both GSEs. Foreclosure News
Freddie Mac today announced its re-entry into the Low-Income Housing Tax Credit market as part of the newly launched Duty To Serve program , an initiative geared toward addressing persistent affordable housing problems by preventing foreclosures, responsibly expanding credit, educating future borrowers, counseling current borrowers and supporting affordable rental housing. Freddie Mac's first investment is […]
In the pilot, a select pool of consumers will be given free access to EarnUp for a year. EarnUp allows consumers to manage all of their loans via a single dashboard. Foreclosure News
Freddie Mac also said it is working to guarantee property inspection costs are not passed on to borrowers if the land in question has been affected by Hurricanes Harvey and Irma. Mortgage loan company Freddie Mac on Wednesday said that it would delay sales of foreclosed homes in areas ravaged by Hurricanes Harvey and Irma […]
“Our thoughts are with the families in the path of this powerful and catastrophic storm,” says Carlos Perez, senior vice president and chief credit officer at Fannie Mae. “We continue to monitor the situation in the affected areas. Foreclosure News
Last week, the U.S. Court of Appeals for the Ninth Circuit issued a significant decision in favor of lenders and mortgage servicers fighting off claims that their mortgage liens were extinguished by Nevada homeowners associations' foreclosures from 2010 to 2014. In Berezovsky v. Foreclosure News
A housing development in Newtown Square, Pa. The government-controlled mortgage finance giant Freddie Mac is moving forward with a plan to provide tens of millions of dollars in financing to smaller firms that buy single-family homes and operate them as affordable-housing rentals. Foreclosure News
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