Skip to main content

Cogent Road debuts new underwriting product

Mar 17, 2008

Fannie Mae introduces HomeSaver AdvanceMortgagePress.comHomeStay initiative, at-risk borrowers, refinancing, loan workout assistance, delinquent mortgages Fannie Mae has announced that, as part of its HomeStay initiative to support its mortgage servicers as they provide at-risk borrowers with refinancing and loan workout assistance, it is offering a new optionHomeSaver Advance. HomeSaver Advance is designed to help qualified borrowers bring delinquent mortgages current and keep their homes. With HomeSaver Advance, servicers can now offer an unsecured, personal loan that will enable a qualified borrower to cure the payment default on a mortgage loan that Fannie Mae owns or has securitized with fewer up-front costs and, generally, in less time. Fannie Mae is a government-sponsored enterprise based in Washington, D.C. For more information, call (202) 752-7000 or visit www.fanniemae.com.
About the author
Published
Mar 17, 2008
More from
Tech
Navigating The Future Of Marketing Technology

Take inspiration from these tomorrow-oriented improvements and see how they could be adapted

Mar 18, 2024
Women Of Tech 2024

Honoring Women Of Mortgage Technology

Mar 18, 2024
Manually Scrubbing For HMDA Compliance? It’s Time To Automate

Investing in digital transformation systems provides a significant advantage over “wait-and-see” institutions

Feb 26, 2024
From Figure Eights to Mortgage Rates

From Team USA’s grace to financial services’ embrace, Matthew Blackmer draws parallels from his past to the future

Jan 31, 2024
Commissions Alert: Pop Your Profits And Don't Leave A Penny On The Table

Lenders need better tech to help homeowners unlock $20 trillion in tappable equity

Dec 21, 2023
The Road To Success In 2024

A loan servicer’s perspectives on the year ahead

Dec 18, 2023