Steve Jolly - The REO Expert for Greater Nashville

Browse by Tags

• Default
• Fannie Mae
• FHFA
• Fitch Ratings
• Foreclosures
• Freddie Mac
• HOPE NOW
• Market Conditions
• Real Estate
• redefault
• REO

• Loan Modifications Decline as Fannie Transitions

  Federal Housing Finance Agency Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken by Fannie Mae and Freddie Mac to prevent unnecessary foreclosures and keep people in their homes. The report Read More... Posted Wednesday, July 15, 2009 6:21 PM by Steven Jolly | 0 Comments Filed under: Real Estate, Market Conditions, Foreclosures, loan modification, Fannie Mae, Freddie Mac, FHFA

• Fitch Expects Re-Defaults on 75 Percent of Subprime Loan Modifications

  Fitch Ratings took a closer look at servicers' loss mitigation efforts among residential mortgage-backed securities (RMBS) in a special report issued last week. The agency found that while home loan workouts to avoid foreclosures have increased substantially, Read More... Posted Monday, June 01, 2009 8:32 PM by Steven Jolly | 0 Comments Filed under: REO, Foreclosures, Fitch Ratings, loan modification, Default

• BofA Modifies 64,000 Countrywide Loans

  Bank of America says it modified more than 64,000 Countrywide mortgages between December and March. The workouts are part of the bank's agreement with 42 state attorneys general to settle predatory lending charges against its Countrywide subsidiary. Read More... Posted Monday, June 01, 2009 8:29 PM by Steven Jolly | 0 Comments Filed under: REO, Foreclosures, loan modification

• HOPE NOW: April Workouts Hit New Record

  HOPE NOW announced this week that 270,000 homeowner solutions were completed in April. This is the largest number of workouts in any month since HOPE NOW began to compile data. Last month, HOPE NOW members and the mortgage lending industry modified 127,000 Read More... Posted Saturday, May 30, 2009 7:39 AM by Steven Jolly | 0 Comments Filed under: REO, Foreclosures, loan modification, HOPE NOW

• Loan Modifications Fail to Stop Foreclosures

  Fitch Ratings is slated to release a report this week showing that 65 percent to 75 percent of modified subprime loans will still fall behind by 60 days or more within one year of the loan change . Although some experts believe that reducing the principal Read More... Posted Tuesday, May 26, 2009 11:21 PM by Steven Jolly | 0 Comments Filed under: REO, Foreclosures, Fitch Ratings, loan modification, redefault