Fannie Mae New Steps to Deal with Foreclosures Starting on January 2009 »
Posted By altnrg 1 year ago in NewsGovernment controlled Fannie Mae publicized recently several moves to help loan services and assist homeowners who are struggling against foreclosure concerns. The adjusted loan modification program is now more flexible and accessible to distressed homeowners.
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pokydoke1 year ago
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What amazes me is that no one seems to have hit on the idea of lowering mortgage payments. I would be willing to bet that if Fannie would lower payments by $300 to $400 per month that most people would be able to maintain their payments and not default on their loans.
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lloydm651 year ago
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Give these dwellers a hand up,not a give away program.Damn,if I could get my taxes,and insurance lowered maybe I could get one of the big SUV's nobody wants.Whats really needed is to help these folks back to where they we're, and then teach them how to move up in baby steps.
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mrjcp1 year ago
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I say let the bank's buy back the loans from the Government,
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The bank will then rent out the properties with options to by them back. It would merely be a money pit if the Government holds on to the bad loans, this will lead to a socialized Government owning, house's, car companies,bank's and who ever rattles a tin cup. -
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Republicrat1844Comment removed: Retracted by user
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