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Fannie Mae: 30 Days or less to a Foreclosure Sale you need at least 25% down for help!

Fannie Mae: 30 Days or less to a Foreclosure Sale you need at least 25% down for help!

Fannie Mae in another attempt to tighten its servicing belt has decided to release new servicing procedures that are only going to make it tougher for those homeowners who find themselves in an already tough position. Starting as of this month they have increased...
Fannie Mae: As if it wasn’t already tough enough you better have a game plan!

Fannie Mae: As if it wasn’t already tough enough you better have a game plan!

Recently GSE Fannie Mae rolled out new guidelines guiding the servicers on how to manage its portfolio. Stating that it wants its borrowers, if they are in an active foreclosure and if they have a sale date within 14 days, the only acceptable remedy to stop...

BAC Home Loan Servicing LP: Bank of America’s Updated Verbal Authorizaiton Policy.

BAC Home Loan Servicing LP, the behemoth, has combined to become one of the largest loan servicers, if not THE largest loan servicer in the world. It doesn’t come though without changes. Week 2 of “Integration” brings on the new policy about...

Bank of America: BAC roles out REOTrans program; No one knows.

REOTrans, now supposedly going by Equator (no information available on their website yet), has teamed up with BAC-Bank of America for a new short sale real time processing scheme. So far the details are scarce as we have already started working with Bank of America on...