Tag Archives: adjustable rate

Mortgages: Conventional Loans

Talk to your lender about specific loss mitigation options. Work directly with him or her to request a “workout packet.” A secondary lender, like Fannie Mae or Freddie Mac, may have purchased your loan. Your lender can follow the appropriate guidelines set by Fannie or Freddie to determine the best option for your situation. Fannie [...]
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Judge Rules Against Bank’s “Repulsive” Behavior

In a very unusual legal decision, Judge Jeffrey Spinner ruled against a California bank that he said behaved in a “harsh, repugnant, shocking and repulsive” manner. The ruling against OneWest and the IndyMac mortgage division has relieved the homeowners of their $291,000 original mortgage, as well as, $235,000 in interest. The judge wrote that OneWest’s [...]
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