Spreading Christmas Cheer!

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Spreading Christmas Cheer!

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Christmas Presents! http://tr.im/IfyS or http://3bl.me/6z8xh2

Summary

It is beginning to look a lot like Christmas! Government supported U.S. mortgage companies this year are giving troubled homeowners a break...sort of! Three large U.S. mortgage lenders show their holiday spirit. For distressed borrowers, every blessing counts!

Monday, December 21, 2009 - 12:00pm

CONTENT: Blog

Throwing out a Lifeline

 
JPMorgan Chase is heeding the Big O's call to help distressed homeowners. Chase is opening up 24 more service centers nationwide to help with the mortgage modification process. The effort will make the process easier and more available to Chase home loan borrowers...
 
Bah Humbug
 
Fannie Mae is suspending all foreclosure evictions from December 19, 2009 through January 3, 2010. All owner-occupants and tenants living in foreclosed properties the company holds will not be subject to evictions during the holiday time frame...
 
A Lump of Coal
 
Citibank who received a big fat "humungous" Christmas gift from the American taxpayer has decided to give back-at least for a brief moment. Santa Ben and Tim Treasury just gave Citibank a big present this week! The insolvent and mismanaged bank has been forgiven for $38bn in taxes due and $25bn in loan repayment. In return the bank is spreading some good cheer and letting 2,000 about-to-be-foreclosed on families get a 30 day reprieve
 
Keywords: Christmas | Citibank | Fannie Mae | JPMorgan Chase | foreclosures | goodb | home loans | mortgage relief plan

CONTENT: Blog

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