Fannie Mae unveils new forbearance program for unemployed

On January 11, Fannie Mae released SVC-2012-01: Introduction of Fannie Mae Unemployment Forbearance. Announcement SVC-2012-01: Introduction of Fannie Mae Unemployment Forbearance In this Announcement, Fannie Mae is introducing an Unemployment Forbearance program that provides servicers the flexibility to assist borrowers who have a financial hardship due to unemployment.

Plus, borrowers whose loans are owned by either Fannie Mae or Freddie Mac are not eligible. You may receive a financial benefit. You’re unemployed. You might receive "forbearance of principal,".

An interesting change this week in Fannie Mae’s loan. doubling the maximum forbearance and repayment plan periods for most loans to borrowers in need of loan workouts. This is all part of its new.

Workout Hierarchy for Fannie Mae Conventional Loans .. The Fannie Mae Home Affordable Modification Program, or Fannie Mae HAMP uses a uniform loan modification process to provide eligible borrowers – both those who are in default and those. Servicers must consider unemployed borrowers for Fannie Mae’s Unemployment Forbearance

Program, HomeSaver Forbearance, and New Workout Hierarchy. This Announcement also introduces a new HomeSaver Forbearance. A mortgage loan is eligible for the HAMP if it is a Fannie Mae. A reduction in or loss of income that was supporting the mortgage loan, e.g., unemployment,

Are you unemployed? You may qualify for 12-month Forbearance "Forbearance" is the postponement of part or all of your monthly mortgage payment for a period of time. New federal programs allow lenders to extend forbearance on most mortgages for up to 12 months, but homeowners must demand assistance from their lender.

FHA Unveils New Loan Limits for 2018 By George Brooks. gbrooks@imfpubs.com The FHA late this week announced new loan limits for 2018, with most areas of the country looking at higher ceilings next year. The higher mortgage amounts are effective for FHA case numbers assigned on.

Embrace Home Loans expands into Texas Recent reports from the Texas Association of Realtors and Fitch Ratings call out how hot texas real estate right now, as more homes were sold last year than ever before. Seeking to strike while the iron is hot, Embrace Home Loans announced this week that it is expanding into Texas and opening its first office in the$3B fannie mae bulk msr portfolio hits market April’s depreciating home prices could signal the market reached its peak FHA mortgage insurance premiums won’t be going down in 2015 FHA Annual Mortgage insurance premiums (mip) for 2015. At a glance: The FHA annual mortgage insurance premium for 2015 is being reduced. This change takes effect on January 26, 2015. The new annual MIP for most FHA borrowers will be 0.85% of the base loan amount. This change only applies to 30-year mortgages; 15-year loans are unaffected.Although home values in the city are already more than 58 percent off their peak, they are projected by Case-Shiller to drop an additional 13.9 percent by Q1 2012, and then 6.3 percent more by Q1.$3B Fannie Mae bulk MSR portfolio hits market "Fannie Mae.sees approximately 90% of all residential lending appraisals – even some by credit unions and small banks who portfolio loans but (strategically. In company news Impac Mortgage.

Fannie Mae Extends Mortgage Relief for Unemployed Borrowers . Unemployment Forbearance . Fannie Mae issued new guidelines to its servicers 01/11/2012, introducing an unemployment forbearance program which provides servicers the flexibility to assist borrowers who have a financial hardship due to job loss, including those facing imminent default.

Right to Rent could change the nation’s foreclosure crisis: CEPR Senator unveils plan to refi 8 million underwater borrowers Ginnie Mae Setting Historic Pace in August Speeches – Ginnie Mae – Today, ginnie mae remains the primary financing mechanism for all government-insured or government-guaranteed mortgage loans, including FHA, VA and Rural Development. In 1970, ginnie mae developed and issued the very first MBS, which allowed many loans to be pooled and used as collateral in a security that could be sold in the secondary market.Bloomberg Politics – Bloomberg – Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News on everything pertaining to politicsGoogle removes app targeting youth with conversion therapy. Google pulled an app touting "conversion therapy" for LGBT youth after more than 140,000 people from around the globe — including dozens of survivors of conversion therapy as well as politicians — signed a petition.