Links to NEW lender guidance from Fannie and Freddie are posted on FHFA refinance web page HERE.
Showing posts with label Making Home Affordable. Show all posts
Showing posts with label Making Home Affordable. Show all posts
Tuesday, November 15, 2011
New HARP Refinance Guidance Out for Fannie/Freddie.
Thursday, May 14, 2009
Making Home Affordable Program Morphs Again.
Friday, May 1, 2009
Making Home Affordable Site Adds "Questions Asked and Answered" Section.
Interesting way of trying to stay in front of issues; new page posts "Questions Asked and Answered" HERE.
Initial entries are from prior White House event.
Initial entries are from prior White House event.
Thursday, April 9, 2009
Finally! B of A Says They Are Beginning to Make Refinance Loans Under Obama Plan; Loan Mods in a Couple of Weeks.
It's been nearly two months since the Obama refinance and loan modification programs were first announced.
Today, Bank of America became the first major bank that I have seen to announce that they are starting to make their first refinance loans under the Obama Making Home Affordable Plan. News story from Housing Wire is HERE; story also says B of A anticipates making their first loan modifications under the Obama plan in the next couple of weeks.
Today, Bank of America became the first major bank that I have seen to announce that they are starting to make their first refinance loans under the Obama Making Home Affordable Plan. News story from Housing Wire is HERE; story also says B of A anticipates making their first loan modifications under the Obama plan in the next couple of weeks.
Thursday, March 19, 2009
New Making Home Affordable Website Tips Up: Includes Loan Modification Payment Reduction Estimator.
New website is HERE. It has been permanently linked in right pane as "Making Home Affordable Plan".
Within site, NEW Loan Modification Program on line tool (Payment Reduction Estimator) has been added HERE, allowing families to estimate savings using loan modification program.
Example of one family who might qualify for loan modification is shown in the link HERE. (Rather lame IMO, as the potential savings for the family are not shown in the example).
Within site, NEW Loan Modification Program on line tool (Payment Reduction Estimator) has been added HERE, allowing families to estimate savings using loan modification program.
Example of one family who might qualify for loan modification is shown in the link HERE. (Rather lame IMO, as the potential savings for the family are not shown in the example).
CORRECTION2: Written Statements from Morning House Hearing on Making Home Affordable Plan.
Correction2: The link to CORRECT document has now been posted; my apologies for confusion.
I have consolidated this mornings written statements on the Making Home Affordable Plan before the House Financial Services Subcommittee. Testimony is in a single PDF file HERE; I count 8 separate witnesses.
(As before, do NOT click on links to testimony on page 1 or 2, if you do so, you will be downloading testimony that is already part of the file).
Hearing is still in progress. After hearing is complete the archived video link on page 1 of the PDF file should work, but video is not usually posted until the following day.
I will have some comments in subsequent post after I review testimony and listen to portions of it.
I have consolidated this mornings written statements on the Making Home Affordable Plan before the House Financial Services Subcommittee. Testimony is in a single PDF file HERE; I count 8 separate witnesses.
(As before, do NOT click on links to testimony on page 1 or 2, if you do so, you will be downloading testimony that is already part of the file).
Hearing is still in progress. After hearing is complete the archived video link on page 1 of the PDF file should work, but video is not usually posted until the following day.
I will have some comments in subsequent post after I review testimony and listen to portions of it.
Wednesday, March 4, 2009
Update: Making Home Affordable Program: Maximum Government Paid Fee Table.
Update: Corrected total for deed in lieu/short sale to $3,000 instead of $4,500.
The HASP program has converted to a new name, the Making Home Affordable program.
I have started to look at documents published today and have constructed the maximum fee table HERE.
It shows MY understanding of the MAXIMUM fee amounts that the government would pay under the current guidelines for servicers, lender/investors, and to borrowers NOT including it's share of costs to get borrowers to a 31% monthly payment level. Includes maximum government paid fees for either a loan modification OR deed in lieu/short sale. Average fees per loan are likely to be well below those show as only a FEW loans will have ALL of the incentive fees shown.
Links to the source documents are included in this one pager, the date of the table is at the bottom. (If updated in the future there will be a date different than March 4th).
The HASP program has converted to a new name, the Making Home Affordable program.
I have started to look at documents published today and have constructed the maximum fee table HERE.
It shows MY understanding of the MAXIMUM fee amounts that the government would pay under the current guidelines for servicers, lender/investors, and to borrowers NOT including it's share of costs to get borrowers to a 31% monthly payment level. Includes maximum government paid fees for either a loan modification OR deed in lieu/short sale. Average fees per loan are likely to be well below those show as only a FEW loans will have ALL of the incentive fees shown.
Links to the source documents are included in this one pager, the date of the table is at the bottom. (If updated in the future there will be a date different than March 4th).
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