SellingNorthernNV

Quality Real Estate News and Market Data

Is the foreclosure prevention program really working?

Josh Talayka | June 8, 2009

Owing to the subprime mortgage crisis, the mortgage market in United States fell like a pack of cards. The Make Affordable Plan was such that it failed to address problems of homeowners with second mortgages. The Making Home Affordable Plan was greatly criticized as more and more homeowners lost their homes to foreclosure and were [...]

Freddie Mac Single-Family Seller/Servicer Guide Bulletin

Josh Talayka | June 3, 2009

Freddie Mac released bulleting Number: 2009-5 on March 4, 2009 in support of the federal Making Home Affordable Program. The bulletin included eligibility requirements for the Freddie Mac Relief Refinance Mortgage. The following are key aspects of that Bulleting:

FannieMae Pre-foreclosure Sales Commission

Josh Talayka | June 2, 2009

Per: Servicing Guide, Part VII, Section 504.02: Contacting Selected Borrowers
Pre-foreclosure Sales Commission guidelines are as follows: