Freddie Mac has launched an aggressive, proactive campaign to help troubled borrowers modify their home loans under the federal government's mortgage relief program. The GSE said Tuesday that it has hired Titanium Solutions, Inc. to knock on the doors of delinquent borrowers and obtain missing documentation needed to begin their three-month trial payment periods under President Obama's Home Affordable Modification program.
A nationwide rise in homeowners' negative equity is convincing more people to walk out on their mortgages, even if they have favorable credit ratings and can afford to pay their loan, according to recent studies. Two reports - one by researchers at Northwestern University and two other colleges, the other by the national credit bureau Experian and the consulting firm Oliver Wyman - are offering a clearer picture of "strategic defaultees" than has been previously available.
The housing market's modest price recovery continued through the summer, according to new data released Tuesday - a sunny estimate that could renew confidence in the economy's comeback just as uncertainty was starting to seep in. The Standard & Poor's/Case-Shiller Home Price Index rose a seasonally adjusted 1.2 percent in July - three times more than expected by economists.
Fiserv, Inc. has signed a definitive agreement to sell its Loan Fulfillment Solutions (LFS) business to ISGN Solutions Inc., a subsidiary of ISGN Corporation. As part of the transaction, Fiserv will receive a minority ownership interest in CFCL Technologies Limited, the parent company of ISGN Corporation.
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Rob Alley, Realtor
Keller Williams Realty
540-250-3275
roballeyrealtor@gmail.comhttp://www.charlottesvillevarealestate.blogspot.com http://www.robsellscharlottesville.comOh, by the way, I am never too busy to work any of your referrals.
Each Office Independently Owned and Operated
Licensed to Sell Real Estate in the Commonwealth of Virginia
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