Between the non-performing loan sales program’s inception in 2014 and the end of 2022, the GSEs have sold off a collective $30 billion in loans to the private sector.
Read More »Freddie Mac Announces $2B+ Securitization of Reperforming Loans
Freddie Mac on Thursday announced the latest in its efforts to “reduce less liquid assets in its mortgage-related investments portfolio.”
Read More »Taking Legislative Action Against Foreclosure Challenges
New Jersey Governor Phil Murphy signed into law a “bipartisan legislative package” as the state works to decrease its ongoing elevated foreclosure rate.
Read More »Elderly Homeowner Protections to Remain in Maine
Maine’s legislature votes to keep a new law aimed at protecting elderly homeowners who owe property taxes from foreclosure.
Read More »HUD Offers Foreclosure Relief to Tornado Victims
The U.S. Department of Housing and Urban Development announced disaster assistance for homeowners impacted by the deadly tornadoes in Alabama. Click through to learn the steps being taken by HUD to protect them.
Read More »Assessing the Full Impact of Principal Reduction
Elyse Cherry, CEO of Boston Community Capital, spoke with DS News about concerns surrounding the FHFA's recently-announced principal reduction program, and what the Agency should do about it.
Read More »Treasury Issues First Guidance on Termination of Making Home Affordable Program
The program was launched in February 2009 by the Obama Administration as a way to stabilize the housing market and help struggling homeowners avoid foreclosure.
Read More »HUD’s Distressed Sales Program Weathers Criticism
HUD's Distressed Asset Stabilization Program has come under fire recently, but are all the criticisms warranted?
Read More »Housing Counselors Report Substantially Improved Communications with Servicers
The challenge most reported by counselors in NFMC's report was efficient and timely communication with servicers (38 percent), which is down slightly from 40 percent in the NFMC's report from October 2013.
Read More »CFPB Complaint Report Cites Problems With Loan Mod Process
Ambiguity and/or delays in the loan modification process were a frequent subject of the complaints, while others said they were not considered for all loss mitigation options available, they were incorrectly denied a modification, or the terms of the modification were unfavorable.
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