Bank of America Revises Short Sale Requirements

Bank of America recently issued a new Short Sale Agent Update that revises certain short sale requirements for short sales involving non-government-sponsored enterprise loans in which the homeowner is eligible for HAFA. Key enhancements include: The Short Sale...

Freddie Mac Offers Free Online Tutorial

Freddie Mac is now offering a free, online CreditSmart® tutorial to provide working families and new or inexperienced borrowers with basic sound information about building savings, personal credit, and making wise financial choices. CreditSmart® is a comprehensive,...

Wells Fargo Joins Principal Reduction Program

Wells Fargo has joined Keep Your Home California’s Principal Reduction Program, which offers homeowners as much as $100,000 to reduce their mortgage principal and monthly payments. Keep Your Home California is anticipating the bank’s participation will lead to many...

HARP Refinance Program Expanded

Borrowers who are current on their home loans may be able to refinance for lower interest rates, even if they are seriously upside down.  The Federal Housing Finance Agency (FHFA) recently announced that it will broaden the scope of the Home Affordable Refinance...