Countrywide Financial Corp. gave discount loans to former and current members of the U.S. Congress and executives at Fannie Mae as it lobbied to scuttle legislation that would have diminished its sale of sub-prime mortgages, according to a report ... Countrywide Loans Sought Favor With Fannie Mae, Report Says
College Conspiracy is the most comprehensive documentary ever produced about higher education in the US The film exposes the facts and truth about America's college education system. 'College Conspiracy' was produced over a six-month period by NIA's team of expert Austrian economists with the help of thousands of NIA members who contributed their ideas and personal stories for the film. NIA believes the US college education system is a scam that turns vulnerable young Americans into debt slaves for life. NIA tracks price inflation in all US industries and there is no industry that has seen more consistent price inflation this decade than college education. After the burst of the Real Estate bubble, student loans are now the easiest loan to receive in the US, and total student loan debts now exceed credit card debts. The government gives out easy student loans to anybody, regardless of grades, credit history, what they are majoring in, and what their job prospects are. NIA believes it is illegal for the US government to be in the student loan business because the US constitution doesn't authorize it. Just like how the US government created Fannie Mae and Freddie Mac to make housing affordable, but instead drove housing prices through the roof; the US government, by trying to make college more affordable, is accomplishing the exact opposite and driving tuition prices to astronomical levels that provide a negative return on investment. The US has been experiencing 5.15 ...
http://leafgardenpress.com/ THE COLLEGE CONSPIRACY
Four Time and Money Saving Tips for Fannie Mae HomePath Mortgages
If you are looking for a new house, you have surely seen the Fannie Mae HomePath eligible signs. We are going to discuss what these are, along with some of the have to know items before making your offer. These will help get your offer approved the first time and save you a significant amount of money.
What is a Fannie Mae HomePath property?
Fannie Mae HomePath is an effort to sell homes that are owned by Fannie Mae due mainly to foreclosures. The program will enable lending on homes that would not be financeable under traditional lending guidelines. Fannie Mae needs to sell these homes as soon as feasible, so pricing is attractive to home buyers in order to get offers quickly.
Are repairs financable?
As with most foreclosures, upgrades are a part of the transaction. Fannie Mae will not do any upgrades they don't feel will enhance the marketability, they expect you to do them. Plan on being the one responsible to handle all upgrades.
What makes this program exceptional is that Fannie Mae HomePath allows you to finance the upgrades in the loan and then fund it, placing money aside for the required improvements.
Can an investor use HomePath?
Something else that sets HomePath above other programs is that you can use this program if you are an investor. A larger down payment is needed, but you can do it. The alternate program, FHAs 203K, isn't going to accommodate investor owned real estate.
What is the catch?
Even though this is in no way a exhaustive list, it's a good start.
That they'll pay 3.5% towards settlement costs. Make certain it is in writing in the sales agreement, otherwise you won't get the credit.
A pre-qualification letter is required to get an offer accepted. Talk to your mortgage company and have one ready to submit with your offer.
Contingent offers are not accepted. So eliminate the contingencies prior to making an offer.
All real estate are sold as is. Make sure you know what you are getting into before you buy the property.
We have just covered a few of the basics that will get you on your way to owning your Fannie Mae HomePath eligible property. If you are looking for an alternative, consider the FHA 203K loan. It will work sometimes when the other program doesn't. Recommend Fannie Mae Homepath Articles
Question by : if you have a fannie mae loan that went deliquent, can an ssd ck be garnished? a loan that was taken out for college by a parent for a college student. student was supposed to be paying on loan. loan was not paid on. parent is on disability and cannot afford payments and is being threatened with garnishment. i was not sure if this was allowed, they said it was , just wanted to know what the truth is . student is trying to make payments again. Best answer for if you have a fannie mae loan that went deliquent, can an ssd ck be garnished?:
Answer by The Coaching Educator
Student needs to go to http://ibrinfo.org This is an income based repayment program and sign up and call the lender and let them know they have are going to be using this program. Make sure when the person from Fannie Mae calls that you inform them that you are taping the conversation. I would tape the conversation because there are laws around the collection of a loan.
Answer by basant kumar
student is liable to pay the loan
Answer by Anonymous
Students are never responsible for a parent PLUS loan. Yes, the parent's SSD can (and will) be garnished until the loan is repaid. There is a stipulation in the law that says one federal department can take money from another federal department to pay off a persons debts. The students wages or taxes will NEVER be seized garnished because it is/was never their loan to repay.
Answer by DanDan
If it has not gone into default (90+ days overdue) you can apply for a financial hardship extension/forbearance. If you are in default they can garnish your future wages, state and federal income tax returns. I am 90% sure they cannot garnish an ssd check. It was most likely an unscrupulous bill collector trying to scare you into making a payment.
