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Fannie Mae

Foreclosure Rescue Fraud Epidemic Highlighted In New Report

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During Fair Housing Month, the Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) issued a comprehensive national report, Foreclosure Rescue, Inc., which examines the foreclosure rescue fraud epidemic, scam trends and efforts to combat these fraudulent activities. The Lawyers' Committee and its coalition partners in the Loan Modification Scam Prevention Network (LMSPN) have been tracking the foreclosure rescue fraud crisis since March 2010.Click to continue

First Home Buyers Are All Going Mobile

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More than a decade ago, the notion of a "new economy" crashed and burned with Pets.com and many of its NASDAQ compatriots. But thanks to the millennial generation, which seems to have been born with a smartphone or tablet in its hand, online commerce is back with a vengeance – and it’s here to stay.Click to continue

GSEs Execute Three Million-Plus Foreclosure Prevention Actions Since 2008

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Fannie Mae and Freddie Mac have completed more than 3.1 million foreclosure prevention actions since the start of conservatorship in 2008. These actions have helped more than 2.5 million borrowers stay in their homes, including nearly 1.6 million who received permanent loan modifications. During 2013, Fannie Mae and Freddie Mac completed nearly 448,000 foreclosure prevention actions, 99,700 of these in the fourth quarter. The majority of these allowed troubled borrowers to save their homes.Click to continue

REMN Updates Product Line to Include Fannie Mae's HomePath Reno

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REMN Wholesale, on the heels of its near record-breaking renovation lending Webinar with National Mortgage Professional magazine, has just updated its product line to include Fannie Mae HomePath Reno and HomeStyle Reno for investment and rental properties.Click to continue

IntelliMods Has Been Integrated Into Fannie Mae's Default Underwriter Platform

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CoreLogic announced that it has fully integrated its IntelliMods loan modification decisioning tool with the Fannie Mae Servicing Management Default Underwriter (SMDU) platform.Click to continue

Senate Banking Committee Lays Out GSE Reform Framework

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Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) have announced that they have come to an agreement regarding a bill reforming housing finance and the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. Administrators, stakeholders and politicians from both sides of the aisle have reportedly signed onto the bill, which will hold a markup over the next few weeks.Click to continue