fannie mae program: New Fannie Mae home saver
- 03/09/08 09:40 AM
Yet another program to help homeowners who are delinquent on their mortgages was announced last week by Fannie Mae. HomeSaver Advance, a part of the corporations larger HomeStay initiative, is not for everyone and sort of feels like a finger in the dike attempt to stop the tide of foreclosures, but for some borrowers, especially those who have been derailed by temporary events such as a medical emergency, it could be an excellent solution. HomeSaver Advance is designed for the borrower who is otherwise capable of meeting his obligations and will be able to resume timely payments once the arrearage is brought (1 comments)