Several months ago, Freddie Mac and Fannie stopped foreclosing on residential property. They stated, at that time, that the ban on foreclosures was being done to help families over the holidays.
Well, I guess it’s not the holidays anymore, because they have quietly ended their ban and are beginning to send notices of default and sale [...]
Posts Tagged ‘Fannie Mae’
Freddie Mac and Fannie Mae Lift Moratorium on Foreclosures
The Home Affordable Refinance Program
The Obama Administration’s new plan to help stabilize home prices allows qualified homeowners to refinance their first mortgage up to 105% of the value of their home and take advantage of historically low interest rates. To qualify the property must be owner occupied, homeowners must have a solid payment history, and the existing mortgage must be owned by Fannie Mae or Freddie Mac.