Fannie Mae: Bank of America’s HAFA program sees major changes… Leaves many homeowners in the lurch and forecloses on those who waited.

Fannie Mae: Bank of America’s HAFA program sees major changes… Leaves many homeowners in the lurch and forecloses on those who waited.

by | Aug 7, 2011 | B of A, BAC, BAC Home Loan Servicing LP, BAC Home Loans Servicing, bank of america, BoA, HAFA, hamp, HARP, hasp, Help, HOA, mortgage assistance, Mortgage Fraud, Mortgage Help, Mortgage News, Negotiation Help, Short Sale, Short Sale Assistance, Short Sale Help, Short Sale Negotiation, Short Sale Objection, Short Sale Tactic

As of July 13th 2011 Bank of America received a new guidelines (or in the business it is called a directive) from our old pal Fannie Mae(FNMA). In this new guideline change they are requiring homeowners that look to go through the HAFA program to actually jump through...

Bank of America: Fannie Mae(FNMA) Loans to go through new ringer for HAFA Program Assistance for Homeowners

by | Jul 20, 2011 | B of A, BAC, BAC Home Loan Servicing LP, BAC Home Loans Servicing, bank of america, fannie mae, FNMA, government program, Government Sponsored Enterprise, HAFA, hamp, mortgage assistance, Mortgage Bailout, Mortgage Fraud, Mortgage Help, Mortgage Lending, Mortgage Meltdown., Negotiation Help, Obama, Obama Mortgage Rescue, Short Sale, Short Sale Assistance, Short Sale Help, Short Sale Negotiation

Would you think that they would let the homeowner’s get off easily for that long? Well it seems that Fannie is back at it again. This time at Bank of America with a whole slue of new hoops for the very tax payers keeping their doors open. In this case it seems...

Fair Debt Collection Practices Act (FDCPA): What saves me from them?

by | Nov 19, 2010 | Foreclosure, Foreclosure Assistance, foreclosure laws, Foreclosure News, mortgage assistance, Mortgage Fraud, Mortgage Help, Mortgage News, News

Lenders are known for not playing by the rules. In many cases their underhanded tactics used to collect from consumers have become against the law with the passing of the Fair Debt Collection Practices Act (FDCPA) of 1966. The FDCPA is a federal law which governs the...

HAFA: Making homes affordable HAFA Options Pamphlet

by | Nov 19, 2010 | HAFA, Loan Modification, Loan Modification Help, mortgage assistance, Mortgage Fraud, Mortgage Help, Mortgage Meltdown., Negotiation Help, Short Pay Off Help, Short Refi, Short Refi Help, Short Refinance, Short Sale, Short Sale Assistance, Short Sale Help, Short Sale Negotiation, Short Sale Objection, Short Sale Tactic

The Government’s alphabet soup of mortgage help programs has really set a lot of confusion amongst homeowner’s, agents, and professionals alike with all the programs that they have brought to pass. HAFA, as relatively one of the newer programs, has been...

21st Century Mortgage: Talk about crazy short sale deals.

by | Nov 18, 2010 | Foreclosure Postponement, Foreclosure Rise, HAFA, Loan Modification, Loan Modification Help, mortgage assistance, Mortgage Community, Mortgage Fraud, Mortgage Lending, Negotiation Help, Short Pay Off Help, Short Sale, Short Sale Assistance, Short Sale Help, Short Sale Negotiation, Short Sale Objection, Short Sale Tactic

When everyone talks about the great short sale deals I don’t think they have frequented the 21st Century Mortgage area of the business. If this business has gotten any better in some places it’s definitely gotten worse in others. Strange as it may seen we...
MHA:What is the HAMP review? Frequently Asked Questions.

MHA:What is the HAMP review? Frequently Asked Questions.

by | Sep 6, 2010 | Foreclosure, Foreclosure Assistance, foreclosure laws, Foreclosure News, Foreclosure Numbers, Foreclosure Postponement, Foreclosure Rise, HAFA, hamp, HARP, hasp, Home Mistakes, Loan Modification, Loan Modification Help, Making Homes Affordable, mortgage assistance, Mortgage Fraud, Mortgage Help, Mortgage Meltdown., Mortgage News, Negotiation Help, News, Obama, Obama Mortgage Rescue

Many different acronyms get thrown around frequently in the business world. The banking world being one of the largest cogs in private sector it is no wonder confronting your mortgage company and getting a clear understanding of what they are trying to say or who you...