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  • Fannie Mae Announces New Minimum Credit Score Guidelines - Updates to Minimum Credit Scores, Mortgage Insurance, Pricing for Certain Desktop Underwriter® Loans, Biweekly Loans, and Special Feature Codes.
  • Fannie Mae Establishes New Minimum Wait Times for Underwriting - Bankruptcy, Foreclosure, and Conversion of Principal Residence Policy Changes; and Revised Property Value Representation and Warranty Requirements
  • Fannie Mae loan look-up tool - The Fannie Mae Loan Lookup enables mortgage borrowers to quickly determine if Fannie Mae owns their loan by providing a street address, unit, city, state, and ZIP code.
  • First American Core Logic Q3 2009 Negative Equity Report - First American CoreLogic, the first company to develop a national, state and city-level negative equity report, has released third quarter data that includes a proprietary model which factors in loan amortization and utilization rates for home equity lines of credit (HELOC), providing a more precise view of "underwater borrowers."
  • Freddie Mac loan look-up tool: - Does Freddie Mac Own Your Mortgage? Your servicer should be able to tell you if your mortgage is owned by Freddie Mac. If you wish, you may conduct a search using the secured look-up tool below. Please enter your information carefully -- a spelling error or other small mistake could cause an uncertain result.
  • Home Affordable Foreclosure Alternatives – Effective April 5th, 2010 - Introduction of Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure
  • Making Home Affordable - Refinancing Many homeowners pay their mortgages on time but are not able to refinance to take advantage of today’s lower mortgage rates perhaps due to a decrease in the value of their home. Modification Many homeowners are struggling to make their monthly mortgage payments perhaps because their interest rate has increased or they have less income.
  • Making Home Affordable Short Sale Guidelines - The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed "short sales" of homes and other loan modification alternatives to stem a rising tide of foreclosures.
  • Moody’s Prediction for the Future - The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said on Wednesday.
  • Mortgage Debt Forgiveness extended through 2012 - If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable. The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.
  • Reduction of Tax Due to Discharge of Indebtedness - File Form 982 with your federal income tax return for a year a discharge of indebtedness is excluded from your income under section 108(a). The election to reduce the basis of depreciable property under section 108(b)(5) and the election made on line 1d of Part I regarding the discharge of qualified real property business indebtedness must be made on a timely-filed return. (including extensions)
  • TransUnion: 11th Straight Quarter of Increased Delinquencies - TransUnion's Trend Data is a one-of-a-kind database consisting of 27 million anonymous consumer records randomly sampled from TransUnion's national consumer credit database.