Good News is Right Around the Corner!

Posted on 11 May, 2012 by
Good News is Right Around the Corner!
It takes some time to turn a big ship, but when it moves, watch out! Are you in need of a short sale and do you have a loan that is backed by Fannie Mae and Freddie Mac?  There’s good news right around the corner for your mortgage and your effort to get your property sold.  The timelines are being streamlined. The Federal Housing Finance Agency is working with
Government Announces New Refinancing Program
Arizona Homeowners – There is a new plan being announced by the federal government in order to give you another option when it comes to the refinancing of your home.  The difficulty in this new plan is whether or not you can qualify for this new deal.   The old plan had it’s good and bad aspects.  The GOOD:  The federal Home Affordable Refinancing Program has allowed certain loans

More tools for homeowners!

Posted on 7 Jan, 2011 by
More tools for homeowners!
Distressed Homeowners, you’ve officially been recognized by the federal government.  They now realize that there is a possibility that you might be facing foreclosure and are being proactive in giving you tools to assist in your process. Fannie Mae recently launched a WaysHome website (http://www.knowyouroptions.com/ways-home) allowing you to learn about your options in avoiding foreclosure.  Their website features options for staying in your home, options if you want to
Not going to turn around anytime soon…
Who needs a bailout now?  Fannie Mae and Freddie Mac are next in line, the taxpayers should probably be first in line.  According to CNN Money: “The Fannie-Freddie bailout could end up costing taxpayers up to 363 BILLION through 2013.”  According to Yahoo Finance:  “The worst-case scenario assumes the economy would fall back into a recession and home prices would sink an additional 24 percent, until early 2012.” http://money.cnn.com/2010/10/21/news/economy/FHFA_Fannie_Freddie/index.htm
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