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Anna Cuevas

Home Affordable Modification Program (HAMP) Extended

Anna Cuevas | Posted 08.03.2013 | Business
Anna Cuevas

Homeowners can learn if they qualify for one of these programs by talking to their lender or visiting Making Home Affordable, Fannie Mae, or Freddie Mac.

Mortgage Servicing: Don't Fall Through The Cracks

Anna Cuevas | Posted 11.06.2012 | Money
Anna Cuevas

If you communicate with your mortgage servicer in writing and do not receive an adequate response, you should notify your local or state consumer protection office.

Is Eminent Domain to Seize Mortgages the Solution to California's High Foreclosure Problem?

Anna Cuevas | Posted 10.08.2012 | Money
Anna Cuevas

This proposal has invoked the threat of litigation by the American Securitization Forum and a warning by the Securities Industry and Financial Markets Association (SIFMA) that it could result in mortgage lenders boycotting the financing of homes in the county.

Underwater Homeowners Still Drowning as FHFA Again Says No to Principal Reductions

Anna Cuevas | Posted 10.03.2012 | Money
Anna Cuevas

Edward J. DeMarco, the head of the Federal Housing Finance Agency (FHFA), has announced that Fannie Mae and Freddie Mac will not offer principal reductions as an option to prevent foreclosures on the loans they guarantee.

Independent Foreclosure Review Process Flawed

Anna Cuevas | Posted 09.25.2012 | Business
Anna Cuevas

Federal banking regulators have called for Independent Foreclosure Reviews to determine if there were mistakes in the foreclosure process for loans in...

Foreclosure Related Suicide on the Rise

Anna Cuevas | Posted 09.16.2012 | Money
Anna Cuevas

Recent research concludes that there is a link between foreclosure rates and mental and physical health problems, as well as suicide attempts.

Wells Fargo Enters Into $175 Million Discrimination Settlement

Anna Cuevas | Posted 09.13.2012 | Business
Anna Cuevas

The United States Department of Justice has announced that Wells Fargo has entered into a $175 million settlement agreement as a result of allegations that it discriminated against black and Hispanic mortgage applicants.

Fleecing of American Homeowners: Lender Force-Placed Insurance

Anna Cuevas | Posted 09.05.2012 | Money
Anna Cuevas

Homeowners who were facing financial difficulties find themselves at risk of foreclosure, especially if the insurance premium is substantial.

California Fights Back: National Bank Settlement to Become Law

Anna Cuevas | Posted 09.04.2012 | Business
Anna Cuevas

If the governor signs the bill, it will go into effect on Jan. 1, 2013. It is expected that some banks will begin to implement the changes caused by the legislation prior to that time. Be your own best advocate in the fight to save your home from foreclosure, get the facts, and stay one step ahead.

HAMP TIER 2 Mortgage Loan Modifications in a Nutshell

Anna Cuevas | Posted 06.08.2012 | Money
Anna Cuevas

Through recent revisions, the government hopes that its program will provide relief to more homeowners and make a bigger impact on the housing market by enabling more homeowners to prevent foreclosure.

Keep Your Home, California!

Anna Cuevas | Posted 07.10.2012 | Business
Anna Cuevas

According to the U.S. Treasury Department, California has been one of the hardest hit among state foreclosure rates. That standing made the state elig...

200,000 Homeowners to Receive Principal Reduction Offer From Bank of America

Anna Cuevas | Posted 05.09.2012 | Money
Anna Cuevas

As part of a $25 billion settlement agreement between the government and five major banks for fraudulent foreclosures, Bank of America agreed to $11 billion in mortgage principal reductions.

Obama's New Mortgage Working Group Is Not Working

Anna Cuevas | Posted 07.03.2012 | Politics
Anna Cuevas

While there is a pressing need for such an organization, there is also one problem. They haven't done anything. Not only have they not done anything, they also have no dedicated website, address, or telephone number.

High Price of Foreclosure: Your Marriage

Anna Cuevas | Posted 07.02.2012 | Money
Anna Cuevas

It's important to note that financial problems and stress are the underlying reasons behind many divorces -- and foreclosures can create both. In fact, money-related issues are the number one reason for divorce.

Will 2012 Be a Good Year for Homeowners or Banks?

Anna Cuevas | Posted 03.21.2012 | Business
Anna Cuevas

What will happen is anyone's guess. But if 2011 was any indication of things to come, it's possible that banks will begin to make the necessary changes to stop the bloodletting?

HAMP's Second Lien Modification Saves Fewer Than 50% of Second Mortgages

Anna Cuevas | Posted 03.19.2012 | Business
Anna Cuevas

Through the 2MP initiative, services of second mortgages have the option to modify the lien or to extinguish it -- which is an admission that the mortgagor is not likely to be repaid for the second mortgage, and they clear their interest in the property by filing a lien waiver.

Freddie Mac Offers Extension to Unemployed Homeowners

Anna Cuevas | Posted 03.12.2012 | Business
Anna Cuevas

One of the government's largest lenders, Freddie Mac, has announced that they're allowing their unemployed borrowers to extend the amount of time that their payments can be suspended or reduced.

The Federal Reserve Discourages Foreclosures

Anna Cuevas | Posted 03.10.2012 | Business
Anna Cuevas

It took a while -- years, in fact -- but the Federal Reserve is finally stepping into the foreclosure crisis.

Is Your HAMP Loan Modification Process Leaving You Feeling Like You're in a Scene from Twilight

Anna Cuevas | Posted 03.07.2012 | Business
Anna Cuevas

Has the long, complicated HAMP loan modification process left you in the dark, confused or, even worse, without a clue about what's going on and what's expected of you? If so, you're not alone.

It Takes a Village to Stop the Foreclosure Crisis and Save Homes

Anna Cuevas | Posted 01.13.2012 | Business
Anna Cuevas

The foreclosure crisis isn't an isolated problem faced only by those who lose their homes. It's a national problem, and one that impacts every man, woman, and child--even those who aren't in danger of losing their home.

Hope For Homeowners: Now I Know My NPV's -- HAMP

Anna Cuevas | Posted 05.25.2011 | Business
Anna Cuevas

Meet Constantine. Constantine suffered some economic hardships due to him having to accept a lower paying job. This jeopardized his ability to save his longtime family home.

Hope for Homeowners, 'Say HAMP'

Anna Cuevas | Posted 05.25.2011 | Business
Anna Cuevas

Be your own best advocate, the only way you can do that is to get the information you need to so that you are empowered when you are trying to save your home.

Houston, We Have a Problem With HAMP Loan Modifications

Anna Cuevas | Posted 05.25.2011 | Business
Anna Cuevas

Although the latest HAMP guidelines require servicers to stop foreclosure action, it does not seem to be stopping very much. Homeowners continue to be confused about their foreclosure notices.

U.S. Home Prices Hit New Lows

Anna Cuevas | Posted 05.25.2011 | Business
Anna Cuevas

There is a white elephant in the room that no one seems to be talking about. The push for short sales on the part of the lender and in some cases the government is at epic proportions.

Hope For Homeowners: For My Next Stunt, A HAMP Loan Modification

Anna Cuevas | Posted 05.25.2011 | Business
Anna Cuevas

Meet Mario and Betty Mario has been a stuntman in Hollywood for a couple of decades and none of the daring performances that required his immense s...