Freddie Mac is now publishing YouTube videos to share information with the public about foreclosure myths and scams. In each video a housing consumer presents a myth which a Freddie Mac housing counselor then responds to with facts and concrete guidance. In the third video for example, the counselor tells a borrower that one late payment will not trigger a foreclosure. He then advises the borrower to immediately contact his [...]

Freddie Mac is now publishing YouTube videos to share information with the public about foreclosure myths and scams. In each video a housing consumer presents a myth which a Freddie Mac housing counselor then responds to with facts and concrete guidance. In the third video for example, the counselor tells a borrower that one late payment will not trigger a foreclosure. He then advises the borrower to immediately contact his [...]

Freddie Mac is now publishing YouTube videos to share information with the public about foreclosure myths and scams. In each video a housing consumer presents a myth which a Freddie Mac housing counselor then responds to with facts and concrete guidance. In the third video for example, the counselor tells a borrower that one late payment will not trigger a foreclosure. He then advises the borrower to immediately contact his [...]

Freddie Mac is now publishing YouTube videos to share information with the public about foreclosure myths and scams. In each video a housing consumer presents a myth which a Freddie Mac housing counselor then responds to with facts and concrete guidance. In the third video for example, the counselor tells a borrower that one late payment will not trigger a foreclosure. He then advises the borrower to immediately contact his [...]

The Home Affordability Foreclosure Alternatives program (aka: HAFA) brought difficulties to the short sale real estate world, not only for homeowners, but their Real Estate Agents, and the banks holding the bad assets. The U.S. Treasury realized that the HAFA program was tied too closely to the Home Affordable Modification Program (aka: HAMP) after gathering feedback from Real Estate Agents, Loan Servicers, Banks, and Lenders who were actively fighting to [...]

The new Home Affordable Unemployment Program (UP) is a supplemental program that was recently implemented to the Home Affordable Modification Program (HAMP) and provides assistance to unemployed home owners/borrowers. The Unemployment Program grants qualified borrowers a forbearance period which can reduce or entirely suspend their monthly mortgage obligation for a specific amount of time. This new Unemployment Program is effective for participating HAMP servicers starting on July 1, 2010, however [...]