⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐
The Washington Independent
The Washington Independent

New at TWI: Fannie and Freddie Scrap Legal Waivers from Loan Modifications

Last month, TWI’s Mary Kane reported that mortgage giants Fannie Mae and Freddie Mac were quietly slipping requirements into loan modification agreements that

Candice Burns
News
Last updated: Jul 31, 2020 | Feb 11, 2009

Last month, TWI’s Mary Kane reported that mortgage giants Fannie Mae and Freddie Mac were quietly slipping requirements into loan modification agreements that high-risk borrowers who are behind on their mortgage payments sign away their rights to sue, as a condition for changing the terms of their loans.

Talking Points Memo’s Elana Schor picked up on the story and asked Rep. Barney Frank (D-Mass.), the chair of the House Banking Committee, if he would move to stop mortgage lenders from requiring borrowers to waive their legal rights in exchange for help restructuring their mortgages.

“I did not know until you just told me that Fannie and Freddie were [requiring mortgage holders to sign waivers],” Frank said during the interview. “And I can pretty much guarantee you that we will have put an end to that within a few days.”

Mary now reports that Fannie and Freddie have removed the waivers from their loan modification agreements. You can read her full story here.

Candice Burns | Candice Burns has worked in the real estate industry for a long time. She understands the importance of a home for long-term happiness and has dedicated her career to placing people in the home of their dreams. Candice's passions for helping others during difficult times and a strong interest in high-end, luxury homes drove her to explore real estate. She's been in the real estate business for ten years and has helped over 3,500 people find homes during that period. She earned a bachelor's degree in business administration from the University of Los Angeles. She's worked with some of Los Angeles' most prestigious real estate firms.

Related

MA-Sen: 150 Conservative Bloggers Fan Out, Looking for Scandals

BOSTON -- The mysterious Election Journal blog, which first released the infamous 2008 video of two bumbling New Black Panther Party members waving nightsticks

MA-Sen: 66 to 19

BOSTON -- That, via Alex Isenstadt and Josh Kraushaar, is the number that defined the Massachusetts Senate race more than anything else. From the primary

MA-Sen: A Text Message From Scott Brown

BOSTON -- Having signed up for Scott Brown’s text message service for election day, I just got this text: Are you about to have lunch? It’s a great time to

MA-Sen: Loyal Democrats Grouse About Coakley

BOSTON -- A little while after noon, a steady crowd of Democratic voters streamed into the Cathedral High School Gymnasium to cast votes for their party’s

MA-Sen: Brown Wins

BOSTON -- At 9:20, the first rumors of Scott Brown’s victory in the Massachusetts Senate race started to work around the room. A moment later, Doug Flutie

MA-Sen Photos: ‘Paint the Town Red! Croakley’s Dead!’

Below are some photos of yesterday’s People’s Rally in Worcester, the rally that Brown held to counter-program the Obama rally in Boston. The crush of

MA-Sen: Out-of-Staters for Brown

BOSTON -- A surprising discovery at yesterday’s People’s Rally in Worcester was just how many people had traveled into the state to assist, in whatever way,

Menendez, Lautenberg to Continue BP-Lockerbie Investigation

Sens. Robert Menendez and Frank Lautenberg, both New Jersey Democrats, will continue to seek details about BP’s alleged involvement in the release last year of

Net Investors Bullish on Palin’s Prospects for Staying on Ticket

Just for fun, the Internet prediction Website Intrade has opened a contract on whether Alaska Gov. Sarah Palin will be withdrawn as McCain’s running mate.

No Experience Necessary

Gov. Sarah Palin’s a middle-class hockey mom, but does that really qualify her to be vice president?

© Copyright 2022 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com

⭐🔥 Click here to check Latest Celeb News & Celebrity Gossip in 2022! 🔥⭐