WILL FANNIE MAE'S CHANGES HELP TROUBLED HOMEOWNERS AVOID FORECLOSURE
It seems there are changes being made Daily, not just with Fannie Mae. But do they make a difference? Mostly it appears they do not because what has been recommended never makes its way to the people for whom it was intended.
Included in the article "Fannie Revamps Rules on Delinquent Loans" Source Associated Press June 6, 2011, is the need to educate Homeowners, also the expectation that mortgage servicers will move quicker and consistently to help homeowners avoid foreclosure, providing verbal and written contact within 120 days after the loan first becomes delinquent and finally clearer timelines.
WILL FANNIE MAE'S CHANGES HELP TROUBLED HOMEOWNERS AVOID FORECLOSURE? What do you think? Have you seen positive changes and timelines followed?
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