Fannie Mae delays foreclosures 45 days for Hardest Hit Fund programs

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The program known as Keep My Tennessee Home, which was Tennessee’s version of the Hardest Hit Fund program ended some months ago, but there are still options available for avoiding foreclosure if you are having difficulty making your house payments. For a review and evaluation call me.

readily identify on its servicing system any borrower who is participating in an HHF program, and provide this information to Fannie Mae upon request. The servicer must follow the procedures in F-1-23, Reporting a Workout Option via Fannie Mae’s Servicing Solutions System to report the action to Fannie Mae.

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The Office of the Special Inspector General for the troubled asset relief program is initiating an evaluation of homeowners who sought or received help from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (Hardest Hit Fund) who ended up in foreclosure. Treasury had authorized $7.6 billion in TARP funding through.

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Fannie Mae has issued a notice to its servicers, instructing them to postpone foreclosure proceedings for unemployed homeowners who are receiving financial help through Hardest-Hit Fund programs run by state housing finance agencies. According to the GSE’s newly released directive, if a housing finance agency (HFA) notifies a servicer that a borrower has been approved for assistance, the.

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Is Buying a Foreclosure a Good Idea? Fannie Mae directed its mortgage servicers to delay scheduled foreclosure sales 45 days for borrowers that have been approved for assistance through the Hardest Hit Fund. In June, the Obama.