Sengdao Vongruksukdi's Blog

Newport Beach, CA -More disappointing November housing statistics came to light yesterday.  This time with numbers related to permanent modifications achieved by the President's Home Affordable Modification Program or HAMP. The federal program processed slightly above 500,000 modifications last m...

Newport Beach, CA -Just released November figures from the National Association of Realtors (NAR) indicated an increase in existing home sales.  Disappointingly though, the increase is less than that forecast by economists and market analysts. According to the NAR, sales of existing homes in the ...

Newport Beach, CA -The U.S. Housing and Development Board (HUD) today published a press release to announce a $73 million fund set up by the Obama Administration that will be awarded as counseling grants to more than 500 national, regional and local organizations. The Obama Administration hopes t...

Newport Beach, CA -The mortgage service industry - in particular banks, lenders and mortgage servicers as well as trustee companies they hire which have been involved in foreclosures - better be prepared to answer a lot of questions from their state attorney general offices. One of yesterday's he...

Newport Beach, CA -Federal regulators are at loggerheads on the subject of creating national loan servicing standards.  Federal Deposit Insurance Corp. (FDIC) has suggested that these rules be written into its soon-to-be published risk retention guidelines.  But the Federal Reserve Board (FRB) an...

Newport Beach, CA -A twist of irony is being served up by the media today with the news that the founder of Foreclosures.com is facing foreclosure and an auction of her house early next month. Alexis McGee, owner of Foreclosures.com, has made a name for herself and the subscriber-based website sh...

McLean, VA - Freddie Mac (NYSE:FRE) and Neighborhood Partnership Housing Services (NPHS) today announced the opening of a new walk-in Borrower Help Center where delinquent borrowers with Freddie Mac-owned mortgages can get free, confidential 'holistic' financial counseling and one-on-one help to ...

Foreclosures fell in October, but it's not because fewer people are losing their homes. Instead, the market is seeing a temporary stay from banks freezing foreclose auctions to review loan documents. Foreclosure filings of all kinds, including notices of default, notices of auctions and notices o...

The American Dream is still alive and kicking, including within immigrant and minority communities, according to a survey from mortgage giant Fannie Mae. The housing crisis hasn't quenched the homeownership thirst, the company found. More than 51% of people said the bust did not change their will...

At the present time, loans insured by or sold to Fannie Mae or Freddie Macmake up the lion's share of financing for both residential and commercial mortgage transactions. Whether your finance guy or gal has the title of a banker, broker, or a "direct lender," outside of originating your loan as a...