Bank of America gives out free second mortgages to about 150,000 homeowners. Are you one of them?
Mortgage forgiveness would erase $700 billion in debt, but who pays?
Has the administration persuaded Fannie Mae and Freddie Mac to help underwater borrowers modify mortgages through partial loan forgiveness? Not yet. But Ed DeMarco, the Federal Housing Finance Agency’s acting director who oversees the agencies, has gone from “no” to “maybe” on the issue. He says the FHFA is conducting a second analysis to determine
Bank of America has agreed to provide mortgage relief, including partial loan forgiveness, to more than 200,000 borrowers. The agreement is part of the $25 billion national mortgage settlement with five of the nation’s biggest lenders that was announced last month and is expected to be filed today in federal court. A spokesman for the
You may have heard talks that lenders are being pushed to help struggling homeowners by forgiving part of the principal owed on their mortgages. Forget it. It’s not going to happen. That’s pretty much what Federal Housing Finance Agency Acting Director Edward DeMarco said during an interview that aired on C-SPAN this weekend. “The idea