Posts Tagged Fannie Mae

Only 26% claim mortgage deduction

The use of the deduction varies from region to region, ranging from a high of 37% of taxpayers in Maryland to a low of 15% in North Dakota and West Virginia, according to a USA Today analysis of IRS data.The use of the deduction varies from region to region, ranging from a high of 37% of taxpayers in Maryland to a low of 15% in North Dakota and West Virginia, according to a USA Today analysis of IRS data.

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Is that Foreclosed home worth the wait?

Although some states, including Florida, have put forth measures to speed up the process, and the federal government has been more lax in the requirements, the extensive requirements have created a log jam of homes. Florida is one of the states that have judicial factors involved in the process, resulting in an even greater accumulation than other states.Although some states, including Florida, have put forth measures to speed up the process, and the federal government has been more lax in the requirements, the extensive requirements have created a log jam of homes. Florida is one of the states that have judicial factors involved in the process, resulting in an even greater accumulation than other states.

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May 2012 – Newsletter

Fannie Mae (FNMA/OTC) announced today that it is directing servicers to expedite short sale transactions and improve transparency on short sale reviews. The new guidelines are part of the
Federal Housing Finance Agency’s Servicing Alignment Initiative to better match the servicing and loss mitigation standards of Fannie Mae and Freddie Mac.Fannie Mae (FNMA/OTC) announced today that it is directing servicers to expedite short sale transactions and improve transparency on short sale reviews. The new guidelines are part of the
Federal Housing Finance Agency’s Servicing Alignment Initiative to better match the servicing and loss mitigation standards of Fannie Mae and Freddie Mac.

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HARP 2.0 Intends to help more homeowners, but who qualifies?

The original HARP program which was created in 2009 helped less than 30 percent of the homeowners it intended to aid by lowering interest rates on existing mortgages. Why was HARP so unsuccessful? Strict guidelines, including loan-to-value ratio, eliminated much of the pool of potential candidates who otherwise might have benefited from the program.The original HARP program which was created in 2009 helped less than 30 percent of the homeowners it intended to aid by lowering interest rates on existing mortgages. Why was HARP so unsuccessful? Strict guidelines, including loan-to-value ratio, eliminated much of the pool of potential candidates who otherwise might have benefited from the program.

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Foreclosures Continue to Cripple the South Florida Real Estate Market

Talk to any Realtor these days and they will tell you that they cannot get enough listings. Homes are selling faster than they can put them on the market. They are getting multiple offers, over asking price and cash buyers.Talk to any Realtor these days and they will tell you that they cannot get enough listings. Homes are selling faster than they can put them on the market. They are getting multiple offers, over asking price and cash buyers.

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