<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; ">Hi, all,<div>I just called Andy Wilson (his number is below) and he said that the website in the email below is bogus. It's true; if you look it says "fanniernae" not "fanniemae" in the URL.</div><div>He did give me some good advice for a friend of mine who's in foreclosure.</div><div>If someone is current with their mortgage payments and it's a Fannie or Freddie Mac loan, they should call 1-800-7FANNIE for help.</div><div>If he or she is delinquent or behind in mortgage payments, go to knowyouroptions.com and thru the website you can get help for a refi.</div><div>Hope this is helpful.<br><div apple-content-edited="true"> <span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Verdana; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; font-size: medium; "><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Verdana; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; font-size: medium; "><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Verdana; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; font-size: medium; "><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div style="font-size: 12px; ">Linda</div></div></div><div><div><div style="font-size: 12px; "><br></div><div style="font-size: 12px; "><br></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></span></div></span></div></span> </div><br><div><div>On Sep 13, 2012, at 10:43 AM, Laurie York wrote:</div><br class="Apple-interchange-newline"><blockquote type="cite"><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div><blockquote type="cite"><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div><blockquote type="cite"><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><p class="date">September 13, 2012</p><span class="h1">Fannie Mae Launches New HomeRight Community Relief Program</span><h2 class="subhead">New Guidelines Streamline Housing Market Recovery and Relief to Borrowers </h2><div><a href="http://fanniernae.com/portal/about-us/media/corporate-news/2012/5820.html">http://fanniernae.com/portal/about-us/media/corporate-news/2012/5820.html</a></div><dl><dt><h3>Andrew Wilson</h3></dt><dt><h4>202.752.5168</h4></dt></dl><p>WASHINGTON, DC – Today, Fannie Mae (FNMA/OTC) announced that it will launch HomeRight, a three point community relief program designed to help more homeowners avoid foreclosure and improve community and housing market stability. As the weak housing market continues to be a burden on overall economic recovery, this new program will address the factors inhibiting market stabilization, such as negative equity held by many homeowners and the large quantity of vacant and REO properties held in Fannie Mae and other lenders' portfolios.</p><p>Through participation in the Home Affordable Modification Program - Principal Reduction Alternatives (HAMP - PRA), as well as Fannie Mae's new pilot program HomeRight, servicers will be required to write down mortgages owned by Fannie Mae to reflect their current market value. As recent Fitch Ratings analysis shows, using principal reduction (PR) to reduce loan-to-value ratio (LTV) increases the borrowers' ability to pay, and the re-default rate is significantly lower for loans modified with principal reduction, compared with loans modified only with payment reduction options. Principal reduction will also help create more demand in the housing market, as having equity in the home allows for young families to trade up to bigger places, and for empty nesters to downsize more easily.</p><p>HomeRight will also address the growing backlog of REO properties by implementing new initiatives designed to reduce the number of vacant homes on the market, balance the decline in home values, and provide stability to displaced homeowners affected by foreclosure. Homeowners who were foreclosed on between 2007-2011 will have the option to buy back their former home -- or, if unavailable, a comparable home in the same neighborhood -- at its current market value. Lease options will also be implemented for those unwilling or unable to explore homeownership. These lease options will also be extended to current homeowners facing foreclosure who wish to remain in their home, but can no longer afford to own. A new help desk and call center will be created to help administer this new program and ensure its efficiency.</p><p>Finally, through the HomeRight program, Fannie Mae is working with non-profit and community organizations dedicated to providing affordable housing to the growing number of displaced families facing homelessness. These organizations will be provided grants to be used in the rehabilitation of homes in distressed markets, which once completed will be turned over to those communities to provide long term affordable housing options.</p><p>These new initiatives will continue Fannie Mae's goals of fostering a liquid, efficient, competitive, and resilient national housing finance market, while protecting the American dream of homeownership and stable housing options for all.</p> <div class="disclaimer"><p><em>Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.</em></p></div></div></blockquote></div><br></div></blockquote></div><br></div><br>TO UNSUBSCRIBE from this list send an email to <a href="mailto:occupymendocino@lists.mcn.org">occupymendocino@lists.mcn.org</a> put "Un-Subscribe me" in the Subject.<br><br>For listserv technical problems please contact: <a href="mailto:listmanager@mcn.org">listmanager@mcn.org</a><br></blockquote></div><br></div></body></html>