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Mortgage, Real Estate

FHA borrowers to get more mortgage relief options

By Mike Wheatley | April 7, 2020
A wider set of tailored relief options are to be offered to people with Federal Housing Administration-insured mortgages who’re unable to make their payments due to the COVID-19 pandemic, the Department of Housing and Urban Development said last week. Under the new measures, mortgage servicers can extend deferred or reduced payment options to FHA borrowers […]
Mortgage, US Real Estate

Fannie Mae and Freddie Mac offer mortgage relief to California's wildfire victims

By Mike Wheatley | August 14, 2018
Fannie Mae and Freddie Mac, the two government-sponsored entities that finance the majority of mortgages in the U.S., have announced relief for homeowners affected by the record-breaking wildfires currently affecting California. The two GSEs said borrowers living in disaster zones that have been officially declared as such by the Federal Emergency Management Agency may be […]
Mortgage, Real Estate, US Real Estate

Freddie Mac and HUD Provide Irene Victims with Mortgage Relief

By Mike Wheatley | September 9, 2011
Homeowners who were affected by Hurricane Irene are to be offered assistance by Freddie Mac, following the massive damage resulting from flooding caused by the storm. Freddie Mac announced that it would offer homeowners impacted by Irene a period of forbearance on their mortgage repayments up to one year, in addition to a 12 month […]
Mortgage, Real Estate, US Real Estate

Obama May Reveal Mortgage Refinancing Plan Next Week

By Mike Wheatley | September 2, 2011
The Obama Administration is rumored to be about to reveal a new program for mortgage relief next week, in order to decrease foreclosure numbers and help homeowners stay in their homes, reports Reuters. Details of the new proposal remain a closely guarded secret, but the speculation is that President Obama is set to unveil a […]
US Real Estate

DRE Issues Alert to Thwart Loan Mod Scams

By Tavis J. Hampton | March 23, 2011
When a family is facing foreclosure, an uncertain future, and the possibility of being homeless, they need guidance from sound organizations and compentent individuals.  Nothing could be worse for them than thinking they might get relief, only to have their glimmer of hope crushed by con artists posing as mortgage relief agencies. Unfortunately, that is […]
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