Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Related Articles Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago While the volume of calls Freddie Mac is receiving these days from struggling borrowers needing help and other housing industry stakeholders is substantially less than it was at the height of the crisis, the calls and questions they receive today are no less urgent than they were then, according to Sharon McHale, Corporate Communications and Marketing VP at Freddie Mac.Today, Freddie Mac receives about one tenth of the amount of calls it was receiving during the immediate aftermath of the housing crash (about 40,000 per month, or 1,300 per day), but many homeowners facing financial setbacks are still calling Freddie Mac hoping the GSE will have a solution for them, whether it allows them to keep their home or is of the non-home retention variety.”When a struggling borrower is looking for help, we don’t necessarily recommend they call Freddie Mac first,” McHale wrote on Freddie Mac’s site. “Most borrowers’ very first call should be to their lender (the company where they send their monthly mortgage payment) because lenders and their servicers are best equipped to help borrowers directly. That being said, we continue to field a wide range of calls on a huge variety of topics, some involving borrowers having trouble making their payments, but many that don’t.”One of the most frequently asked questions Freddie Mac receives is from delinquent borrowers asking what their options are. According to Freddie Mack’s consumer response specialists, borrowers behind on their payments should reach out to their lender as soon as possible to determine the borrower’s eligibility for any of the following programs in order to make payments more affordable and sustainable: refinancing through the Home Affordable Refinance Program (HARP), which last week was just extended until the end of 2016); forbearance; reinstatement; repayment plans; or modification. Failing any of those home retention options, a short sale or a deed-in-lieu of foreclosure can facilitate a graceful exit from the house for the borrower. A section of Freddie Mac’s website, Mortgage Help: Understanding Your Options, discusses all of these options in depth. Share Save Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Print This Post Foreclosure Alternatives Freddie Mac Loss Mitigation 2015-05-14 Brian Honea Freddie Mac Expert Discusses Options for Struggling Borrowers in Daily Dose, Featured, Loss Mitigation, News The Best Markets For Residential Property Investors 2 days ago May 14, 2015 1,148 Views Previous: Real Estate Investors Expanding Property Searches, Broadening Strategies Next: DS News Webcast: Friday 5/15/2015 About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Freddie Mac Expert Discusses Options for Struggling Borrowers Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Foreclosure Alternatives Freddie Mac Loss Mitigation Subscribe
Big Ten season started in earnest this week. As far as the 2 local schools are concerned, most people wonder if Indiana can shoot well enough to contend. As for Purdue, their main concern is–Can they rebound?Everybody’s pick to win the Big Ten this year is Michigan State. The only question there is–Can anyone beat them? As for the other teams, Maryland and Ohio State are playing pretty well; Northwestern’s fate depends on Bryant McIntosh’s return. The rest of the teams have not been playing very consistent.I will go along with the experts and choose Michigan State because of their height, depth, and shooting ability. Enjoy the season!