Freddie Mac Announces Short Sale Program
Mortgage servicer Freddie Mac is following sister agency Fannie Mae in releasing its own version of the Home Affordable Foreclosure Alternative (HAFA), a government program designed to help homeowners pursue short sales to avoid foreclosure.The program is set to take effect on August 1, at the same time as the Fannie Mae initiative, although Freddie-backed lenders can implement it earlier.Under the Freddie Mac version, servicers must consider bor ....

Short Sale Program To Help Borrowers Wit ...
Short sales have helped a good number of troubled homeowners, but have so far missed a growing portion of the market: those who have underwater mortgages and second liens at the same time. These borro ....

New Program to Speed Up Short Sale Proce ...
Homeowners struggling to keep their mortgages current can now apply for short sales as an alternative, as government efforts are put in place to speed up the process and urge lenders to provide more a ....