Fannie Mae Tag

Freddie Mac Principal Reduction

Freddie Mac Gives More Guidance On Principal Reduction Modifications

Mortgage giant Freddie Mac had for a long time offered no loan modifications that included a principle reduction. That changed when Freddie Mac announced a Freddie Mac Principal Reduction Modification in April 2016. Freddie Mac has now announced new support for these loan modifications. The Principal Reduction...

foreclosure massachusetts

7 Defenses to Foreclosure in Massachusetts

This is a brief overview of various defenses to foreclosure available to homeowners in Massachusetts. Keep in mind that all mortgages and mortgage servicers are different. Regardless, homeowners are protected by certain rights and consumer protection related to the handling of mortgages and foreclosure in Massachusetts....

Homeowners Say Goodbye to Ocwen, Hello to Chase

Approximately 266,000 mortgages worth $45 billion are being transferred from Ocwen to Chase in a recent sale, according to news releases. As a result, many homeowners whose loans were previously serviced by Ocwen will soon be getting notices that their payments should be sent to...

Robo-signers: They’re Ba-ack

The robo-signers are back. You might remember that a few years ago so-called robo-signers signed affidavits for courts in connection with foreclosures. The big banks -- Bank of America, Chase, Citi, Wells Fargo, Ocwen, and GMAC -- got in trouble with the attorneys general of...

Culik Law files lawsuits against Chase, Wells Fargo, Fannie Mae

Culik Law recently filed new lawsuits against major banks and financial institutes, including Chase, Wells Fargo, and Fannie Mae, related to unfair business practices arising out of homeowners’ attempts to obtain loan modifications under programs such as the Home Affordable Modification Program (HAMP). The lawsuits allege...