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(Image from article: "Fannie to Rent Foreclosed Homes")

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Federal regulator stands by his principles on principal reduction

Principal Reduction

Edward J. DeMarco, who oversees Fannie Mae and Freddie Mac, has infuriated many by refusing to tell the home loan giants to reduce the amounts owed by distressed homeowners.

 

Regulator unveils help for underwater homeowners

Regulator unveils help for underwater homeowners

A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners whose homes are worth less than their mortgage.

Senh: Finally, the government's doing something right. It's step in the right direction. Now, if only banks other than Fannie Mae and Freddie Mac will also do the same.

 

Fannie to Rent Foreclosed Homes

Fannie to Rent Foreclosed Homes

Fannie Mae plans to allow homeowners facing foreclosure to stay in their homes and rent them for up to one year in a new program to help troubled borrowers.

 

Get The Feds To Slash Your Mortgage Payment

Rates can fall to 2%--if you know how to play the game.

 

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