Fannie Mae to Charge Strategic Defaulters, for Everything

2018 Women of Influence: Nancy Jardini 2018 Women of influence: nancy jardini senior vice president and Chief Compliance and Ethics Officer at Fannie Mae. August 1, 2018. KEYWORDS 2018 Women of Influence Fannie Mae Nancy Jardini.

Fannie Mae will also take legal action against borrowers who strategically default in order to recoup mortgage debt. These would be limited to locations that allow deficiency judgments.

Home price increases speed up in third quarter, hit new peak In Newport Beach, CdM, and Manhattan Beach, which are the 3 markets I know well, many many new homes are being built on existing lots. These new homes start in the 3Ms, and the builders are having a very difficult time getting the contractors lined up to build. There is no price decrease on these new homes.

A few weeks ago, Fannie Mae issued an outright threat to homeowners in this country, creating a new rule that would punish anyone who stops paying their mortgage and walks away from their home, referred to as a "strategic default," by not allowing those who choose that path to get a Fannie Mae loan for seven years.

Fannie Mae Homepath Buyer BEWARE! The Home Affordable Refinance Program (HARP) – part of the Marking Home Affordable program – allows underwater homeowners with mortgages backed by Fannie Mae and Freddie Mac to refinance their mortgages at lower interest rates. However, the program has helped fewer than 900,000 of the more than 10 million underwater homeowners in the country.

Fannie Mae will almost certainly see an increase in strategic default because of this, and since borrowers will have a very tough time qualifying for the next loan, Fannie Mae will not see the benefit of their actions through increased numbers of borrowers able to get loans in the future.

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Fannie Mae to Charge Strategic Defaulters, for Everything. I have blogged/shared this before, I will keep sharing it! Furthermore anyone who takes all the appliances, cabinets, toilets, etc from their short sale/foreclosed home should also be punished.

Seven years is up from the typical five Fannie Mae requires in cases of foreclosure, borrowers with "extenuating circumstances" could see that five reduced to as little as two. Fannie Mae Increases Penalties for Borrowers Who Walk Away [fanniemae.com] The Rapid Rise Of "Strategic" Defaults [SocketSite]

The added-cost budgetary treatment of Fannie Mae and Freddie Mac In the years leading up. John Griffith is a Research Associate with the Economic Policy team at the Center for American Progress..

Fannie Mae to Charge Strategic Defaulters, for Everything. Fannie Mae to Charge Strategic Defaulters, for Everything. I have blogged/shared this before, I will keep sharing it! Furthermore anyone who takes all the appliances, cabinets, toilets, etc from their short sale/foreclosed home should also be punished.