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Ocwen: Freddie Mac sets the Matrix Second Mortgages

Ocwen: Freddie Mac sets the Matrix Second Mortgages

Recently in conversations with a negotiator in the Freddie Mac department at Ocwen Mortgage we had an in depth conversation leading us to final result of having a full understanding of their break down paid to Jr. Lien holders. Frequently, lenders in specific, have...
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...

The “new” FHA Mortgage changes.

Image by Getty Images via Daylife FHA, one of the nation’s largest insurer of mortgage loans (if not the largest insurer to borrowers of a greater risk), every so often comes out with new guidelines that largely influence the way the real estate business gets...

NEWS: Government unveils new mortgage help for states

The AP is reporting that there are some new efforts being put in to the trying to defeat the mortgage slump. By providing additional resources to finance new first time home buyers they are looking to help give the market the pep it needs to get going. We for one feel...