Fannie Mae Comes Out Strong Against Strategic Defaults Homeowners who have negative equity but are trying to “stay put” awaiting equity to return are locked out of the refinance market if they have a portfolio (non-Fannie Mae/non-Freddie Mac) conventional first mortgage over 95% loan to value or that is combined with a home equity line of credit (HELOC) where the combined loan to value exceeds 95%.

Fannie Mae will almost certainly see an increase in strategic default because of this, and since borrowers will have a very tough time qualifying for the next loan, Fannie Mae will not see the benefit of their actions through increased numbers of borrowers able to get loans in the future.

Fannie Mae to Charge Strategic Defaulters, for Everything. Fannie Mae to Charge Strategic Defaulters, for Everything. I have blogged/shared this before, I will keep sharing it! Furthermore anyone who takes all the appliances, cabinets, toilets, etc from their short sale/foreclosed home should also be punished.

Fannie Mae said Wednesday it would "lock out" borrowers from getting a new loan for seven years if they default on a mortgage they could afford to pay. The move represents the latest effort by the.

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With no plan from Congress or the Obama administration to shutter Fannie Mae and Freddie Mac, the companies’ regulator told Congress yesterday it will expand its oversight with a strategic plan..

Fannie Mae Lockout Won’t Work, Will Hurt Economy – Opposing Views – Fannie Mae’s lockout will not work. For strategic defaulters, the numbers do the talking. Many of my credit clients are underwater by as much as 75 percent. Fannie Mae is giving these people a choice: They can either wait for their equity to return, or they can face a seven-year lockout as renters.

Buried in the backyard, stuffed in mattresses or stashed in a bank that either doesn’t know where it came from-or does, and is willing to take an enormous risk, and charge you a premium. payment.

Fannie Mae will also take. it not for the ridiculous adjustements that begin at more than 70% LTV and then maybe Fannie wouldn’t have to deal with strategic defaults.. Everything You Need to.

Viewpoint: Bernanke Admits Misjudging Mortgage Crisis  · The Federal Reserve is now the mortgage securitization market, as it now has $910.3 billion in mortgage-backed securities on its balance sheet, out of a planned $1.25 trillion in such purchases. But it can only tread water for so long.Housing permits, starts both fall in January Housing starts fell for the second consecutive month and have fallen in 6 of the past 7 months. Permits show a similar but somewhat distressing trend, falling 1.7% in March, following declines of 2.0%.