December 1st, 2008 8:21 PM

 

Fannie, Freddie halt foreclosures for holidays

" Fannie Mae and Freddie Mac recently announced they will postpone foreclosure sales and evictions on occupied single-family residences that were scheduled to occur between Nov. 26, 2008 and Jan. 9, 2009. During this time, the companies will streamline their mortgage modification programs, scheduled to launch Dec. 15. Foreclosure attorneys and loan servicers will continue to contact borrowers who have defaulted on their mortgage loans owned or guaranteed by Fannie Mae or Freddie Mac, and continue to pursue workout plans. Whoo-Ahhhh! "

Ok, here's my take....let anyone, anyone at all, refinance their mortgage loan, any loan they have, into a fixed 30 yr loan at today's great rates! NO QUESTIONS ASKED! IRREGARDLESS of CREDIT, INCOME, or VALUE! ....AND NO PREPAYMENT PENALTIES!!

 

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