Posts tagged as:

freddie mac

Foreclosure Freeze Extended by Fannie and Freddie

by Peter Toner San Diego real estate

San Diego homeowners have you heard; the foreclosure freeze has been extended an additional three weeks? Fannie Mae and Freddie Mac originally announced the freeze in November of last year. The program was due to expire on January 9th, 2009; but the new end date is set for January 31st, 2009. The extension was done [...]

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How Low Will Mortgage Rates Go

by Peter Toner San Diego real estate

In 37 years Freddie Mac’s 30-year fixed rate mortgage has not been as low as it is now, period. How’d it happen? When the Fed’s cut the federal funds rate down to zero it simultaneously led Freddie Mac’s rate to plunge to 5.17%. Just a year ago that same rate was 6.14 percent. If you [...]

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Streamlined Loan Modification Program Released by the FHFA

by Peter Toner San Diego real estate

San Diego homeowners are you struggling making your current mortgage payments? If so the following may be good news to your ears…. The Federal Housing Finance Agency (FHFA) along with Hope Now, Fannie Mae and Freddie Mac have launched together a formal plan of attack for mortgage modification. The Streamlined Modification Program, also known as SMP, [...]

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