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Fannie Mae has issued Lender Letter 04-08 announcing that it is halting all foreclosure sales on occupied single-family properties that are scheduled to occur from November 26, 2008 through January 9, 2009. This temporary halt also applies to eviction lockouts of occupied single-family properties.
These actions allow affected borrowers to retain their homes while Fannie Mae works with its regulator and conservator, the Federal Housing Finance Agency, to implement the previously announced streamlined loan modification program by December 15, 2008.
To facilitate borrower communications, servicers must instruct foreclosure attorneys to send letters to borrowers whose foreclosure sales are halted urging them to contact their servicer, so that together, the servicer and borrower can continue working to resolve the delinquency.
For complete details, including other servicing and reporting requirements, please see Fannie Mae Lender Letter 04-08 on our 2008 Lender Announcements and Letters page on eFannieMae.com and the news release on fanniemae.com
Showing posts with label Staci McCarville. Show all posts
Showing posts with label Staci McCarville. Show all posts
Friday, November 21, 2008
FHA Lowers Loan Limits
FHA lowers limits on loans, an article from azcentral.com, reports that starting in January the new FHA loan limit for Maricopa County will be $271,050. The current FHA limit in the Valley is $346,250. So, for anyone interested in using an FHA loan to purchase a home - now is the time to do it. Every Arizona county will see their FHA loan limit drop to $271,050, except Coconino, where it will be $333,750.http://www.azcentral.com/arizonarepublic/business/articles/2008/11/19/20081119biz-catherine1119.html
Please call or email me with questions.
Staci McCarville
480-778-2614
staci.mccarville@prospectmtg.com
Please call or email me with questions.
Staci McCarville
480-778-2614
staci.mccarville@prospectmtg.com
Tuesday, October 21, 2008
Interest Rates Back Down!
30 Year Conventional Fixed Rate Loan is at 5.75% today! Please call or email me for more information.
Staci McCarville
Prospect Mortgage
480-778-2614
staci.mccarville@prospectmtg.com
Mortgage Interest Rates depend on credit score, loan amount, loan to value ratio, and more. Please call to get a personalized rate quote.
Staci McCarville
Prospect Mortgage
480-778-2614
staci.mccarville@prospectmtg.com
Mortgage Interest Rates depend on credit score, loan amount, loan to value ratio, and more. Please call to get a personalized rate quote.
Monday, August 4, 2008
INDYMAC FEDERAL BANK, FSB NOT AFFECTED BY BANKRUPTCY FILING OF INDYMAC BANKCORP
-- No Relationship Exists Between the Companies --
On Friday, August 1, 2008, IndyMac Bancorp, the former holding company of IndyMac Bank filed for bankruptcy protection under the U.S. Bankruptcy Code (Title 11 U.S.C). This action has no effect on the operations of IndyMac Federal Bank, FSB, which came into existence on July 11, 2008, when IndyMac Bank was removed from its holding company, IndyMac Bancorp, and IndyMac Federal Bank was placed into conservatorship by the Federal Deposit Insurance Corporation (FDIC). Other than a similarity of name, IndyMac Federal Bank has no relationship, nor does it share any employees, with IndyMac Bancorp.
Of IndyMac Bancorp’s bankruptcy filing, IndyMac Federal Bank CEO John Bovenzi said, “The announcement by the former holding company of IndyMac Bank has no impact on IndyMac Federal Bank or its customers. Our customers will continue to receive the same value and personal service they have come to expect from IndyMac, which, due to its FDIC backing is one of the safest banks in America and a great place for our customers to keep their funds.”
IndyMac Federal Bank remains under the FDIC’s conservatorship and, as such, is backed by the FDIC’s approximately $53 billion deposit insurance fund, which is further backstopped by the full faith and credit of the U.S. government. IndyMac Federal Bank is one of the safest banks in America and its customers should know that today’s news has no effect on them, their deposits or their relationship with IndyMac Federal Bank. The FDIC’s stated goal is to return the bank to the private ownership of safe and sound financial institutions within the next three months.
Indymac Press Release
Staci McCarville
480-538-1402
On Friday, August 1, 2008, IndyMac Bancorp, the former holding company of IndyMac Bank filed for bankruptcy protection under the U.S. Bankruptcy Code (Title 11 U.S.C). This action has no effect on the operations of IndyMac Federal Bank, FSB, which came into existence on July 11, 2008, when IndyMac Bank was removed from its holding company, IndyMac Bancorp, and IndyMac Federal Bank was placed into conservatorship by the Federal Deposit Insurance Corporation (FDIC). Other than a similarity of name, IndyMac Federal Bank has no relationship, nor does it share any employees, with IndyMac Bancorp.
Of IndyMac Bancorp’s bankruptcy filing, IndyMac Federal Bank CEO John Bovenzi said, “The announcement by the former holding company of IndyMac Bank has no impact on IndyMac Federal Bank or its customers. Our customers will continue to receive the same value and personal service they have come to expect from IndyMac, which, due to its FDIC backing is one of the safest banks in America and a great place for our customers to keep their funds.”
IndyMac Federal Bank remains under the FDIC’s conservatorship and, as such, is backed by the FDIC’s approximately $53 billion deposit insurance fund, which is further backstopped by the full faith and credit of the U.S. government. IndyMac Federal Bank is one of the safest banks in America and its customers should know that today’s news has no effect on them, their deposits or their relationship with IndyMac Federal Bank. The FDIC’s stated goal is to return the bank to the private ownership of safe and sound financial institutions within the next three months.
Indymac Press Release
Staci McCarville
480-538-1402
Wednesday, July 30, 2008
Prospect Mortgage to Acquire Indymac Bancorp Mortgage Retail Branches
© Business Wire 2008
2008-07-09 04:04:06 -
- Prospect Mortgage has signed an agreement to acquire the majority of IndyMac Bancorp's retail mortgage branches. Terms of the transaction were not disclosed. The transaction encompasses approximately 750 employees along with more than 60 branch offices which will be rebranded as Prospect Mortgage. John Johnston and Ron Bergum will remain in leadership roles with the retail branch group
and report to Mark Filler, CEO of Prospect Mortgage. "The IndyMac transaction benefits our loan officers, customers, sales managers and referral sources. This is growth for the right reasons, not just for the sake of growth," said Mr. Filler. "The IndyMac transaction will enable us to increase our investment and success in marketing, technology, and customer service levels." With completion of the IndyMac transaction, Prospect Mortgage projects that it will become one of the largest independent retail mortgage companies in the country.
-Jason Karpf with Prospect Mortgage. For more information, you can visit: http://www.pr-inside.com/prospect-mortgage-to-acquire-indymac-bancorp-r693108.htm or theimbreport.com
Currently, Indymac is being overseen by the Federal Government. The name is now Indymac Federal Bank. We are funding loans that are in the pipeline. We will be Prospect Mortgage as of 8/8/08. Please contact me with questions.
Staci McCarville
480-538-1402
2008-07-09 04:04:06 -
- Prospect Mortgage has signed an agreement to acquire the majority of IndyMac Bancorp's retail mortgage branches. Terms of the transaction were not disclosed. The transaction encompasses approximately 750 employees along with more than 60 branch offices which will be rebranded as Prospect Mortgage. John Johnston and Ron Bergum will remain in leadership roles with the retail branch group
and report to Mark Filler, CEO of Prospect Mortgage. "The IndyMac transaction benefits our loan officers, customers, sales managers and referral sources. This is growth for the right reasons, not just for the sake of growth," said Mr. Filler. "The IndyMac transaction will enable us to increase our investment and success in marketing, technology, and customer service levels." With completion of the IndyMac transaction, Prospect Mortgage projects that it will become one of the largest independent retail mortgage companies in the country.
-Jason Karpf with Prospect Mortgage. For more information, you can visit: http://www.pr-inside.com/prospect-mortgage-to-acquire-indymac-bancorp-r693108.htm or theimbreport.com
Currently, Indymac is being overseen by the Federal Government. The name is now Indymac Federal Bank. We are funding loans that are in the pipeline. We will be Prospect Mortgage as of 8/8/08. Please contact me with questions.
Staci McCarville
480-538-1402
Friday, May 30, 2008
Mortgage Rates
30 year fixed 6%
20 year fixed 5.875%
15 year fixed 5.5%
5 year ARM 5.25%
FHA 6.125%
Jumbo 30 year fixed 7.5%
Interest rates change many times a day and depend on many factors. Please call for a rate customized for your needs.
Staci McCarville
Indymac Bank
480-538-1402
20 year fixed 5.875%
15 year fixed 5.5%
5 year ARM 5.25%
FHA 6.125%
Jumbo 30 year fixed 7.5%
Interest rates change many times a day and depend on many factors. Please call for a rate customized for your needs.
Staci McCarville
Indymac Bank
480-538-1402
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