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...

Wells Fargo: Short Sales go through Equator… Well at least for the most part.

by | Jul 28, 2011 | Foreclosure Assistance, Foreclosure News, mortgage assistance, News, Short Sale Help, Short Sale Negotiation, Short Sale Objection, Short Sale Tactic, wells fargo, Wells Fargo Home Mortgage

Wells Fargo has a long standing reputation to upkeep of being the fuddy duddy of the Loss Mitigation industry. I am sure that if they could convince people to submit their short sale and loan modification packages via the old horse drawn cart they would. Well in an...

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...

HSBC to make some major changes to its Mortgage Divisions

by | Jun 2, 2011 | HSBC, HSBC Bank, HSBC Mortgage, mortgage assistance, Mortgage Help, Mortgage News, NA, Negotiation Help, Short Refi Help, Short Sale, Short Sale Assistance, Short Sale Help, Short Sale Negotiation

In recent history time has shown HSBC to be in the process of consolidating its mortgage divisions. A recent letter sent out to our customers who have a mortgage that is being serviced by HSBC Mortgage Corporation division, in possibly yet another decline in their...

Bank of America: Steamlined Cooperative Short Sales with no Paperwork! No way…

by | Nov 28, 2010 | B of A, BAC, BAC Home Loan Servicing LP, BAC Home Loans Servicing, bank of america, BoA, BPO, Foreclosure Assistance, Foreclosure News, HAFA, mortgage assistance, Mortgage News, Negotiation Help, Short Sale, Short Sale Assistance, Short Sale Help, Short Sale Negotiation, Short Sale Objection, Short Sale Tactic

Bank of America in an effort to close more deals has designated a company, Default Servicing LLC., since September to begin contacting homeowners that were pre-qualified for the short sale process. Their new program, shrouded in part due to secrecy of how to qualify,...

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...