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foreclosures: New Foreclosure bill pushes Freddie Mac to stop buying subprime loans in N.Y. - 08/13/08 12:28 PM
 I have often wondered if Fannie and Freddie actually have and act on their responsibilities to our nations being public chartered institutions.
Learning that as of Sept. 1st Freddie Mac will stop buying loans out of New York because of a new bill Governor David Paterson signed last week.
(The New Bill offers foreclosure and lending laws that tighten legal protections for borrowers. One of the profound additions for New York is, it allows the borrower an extra 90 days to pull themselves out of a nasty foreclosure. Freddie Mac appears to be unwilling to work with New York and the … (2 comments)

foreclosures: FHASecure Act to the rescue - 09/12/07 06:04 PM
 
A while back I wrote about the new proposed FHASecured Act President Bush implemented.  The bill has passed and lenders and mortgage brokers alike have begun working hard to help the tens of thousands of borrowers stuck in the foreclosure flytrap save their delinquent loans and retain control of their homes. Additionally, if you are 4 to 12 months behind on your mortgage and nearing foreclosure FHA has authorized a one-time interest-free loan to help pull these borrowers of the trap. (Awesome)
 
Refinancing with FHA approval after a default was unheard of before now.  With FHASecure you now have … (3 comments)

 

MarQuis Rhodes

Boise, ID

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MarQuis Real Estate Group/Boise River Properties

Address: 501 Front , Boise, ID, 83702

Office Phone: (208) 384-0033

Cell Phone: (208) 559-0757

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