All Posts Tagged With: "servicer"
Mortgage Loan Relief For BP Spill Victims
Homeowners impacted by the BP oil spill are getting mortgage relief from Fannie Mae and Freddie Mac, the two largest mortgage owners. In general terms, the loan relief offered by the two companies follows the emergency policies both have had in place following such disasters as hurricanes Katrina, Rita and Wilma. Relief In the usual [...]
18Jun2010 | Peter G. Miller | 0 comments | Continued
Who Owns My Mortgage?
If you’re looking for a loan modification or short sale it greatly helps to know who owns your loan. There are 50 million mortgages in the U.S. and the good news is that about 60 percent — more than 30 million loans — are owned by Fannie Mae and Freddie Mac. Who owns your mortgage [...]
1Dec2009 | Peter G. Miller | 0 comments | Continued
Mortgage Modification Secrets Uncovered
There’s something lenders don’t want to tell you, a little secret that can save homeowners thousands of dollars. It works like this: Rates have fallen and you want to refinance a fixed-rate loan. You contact your lender and discover that because you’re a great and wonderful person and all your payments have been full and [...]
12Sep2008 | Peter G. Miller | 0 comments | Continued
What Happens If My Mortgage Is Sold?
Millions of loans are outstanding, including a large number sold each year from one lender to another. If it happens that your loan is among those sold, worry not — Uncle Sam makes the process safe and protects your interests. Your mortgage may be a debt to you, but in the world of mortgage financing [...]
12Sep2008 | Peter G. Miller | 0 comments | Continued
Can I Bargain With A Lender During Hard Times?
Question: We’re in financial trouble. Anyway we can work-out something with the lender? Answer: Maybe. The lender does not want to foreclose and does not want your home. What the lender wants its loan repaid, in full, and with interest. But maybe that’s not possible. Some lenders, as an alternative to foreclosure, may be open [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
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