MFI-Miami Blog

Fannie Mae And Freddie Mac Will Update Uniform Residential Loan Applications In November 2020 The Federal Housing Finance Agency  announced  three years ago that they were changing the Uniform Residential Loan Applications used by the lending industry. It will the first change in 20 years. The GSEs later  dictated  that lenders would be required to begin using the new loan application by February 1, 2020. But that all changed  earlier this year.  The GSEs delayed the mandatory use of the redesigned Uniform Residential Loan Application. The FHFA postponed the implementation of the URLA to an unspecified date. However, the GSEs revealed Wednesday a new date for the mandatory use of the new URLA. Read more at MFI-Miami

FHFA Director Mark Calabria Threatens To Wipe Out Fannie And Freddie Shareholders To End GSE Conservatorship FHFA Director Mark Calabria said he’s willing to wipe out Fannie Mae and Freddie Mac shareholders to end the government conservatorship. Shareholders include retirement funds and pension funds. Fannie Mae and Freddie Mac also back about half of the nation’s mortgages.  Calabria took charge of FHFA in January . He replaced Mel Watt Calabria told the House Financial Services Committee: I’m working for the taxpayers. If the circumstances present themselves where we have to wipe out the shareholders, we will. Calabria told Congress in the Tuesday hearing: I’m on the record as saying in 2008 what we should have done is wipe out the shareholders. Instead, they were put into conservatorship. The government received new senior preferred stock and common stock warrants. The government took a 79.9% stake in the GSEs as collateral for the bailout. Read more at MFI-Mi...

The Only Freddie Mac Mortgage Foreclosure Defense Team That Commands Results You may have a Freddie Mac Mortgage and not know it. Only someone properly trained in writing them can help you save your house from  Freddie Mac . MFI-Miami has created a specialized Freddie Mac Mortgage Foreclosure Defense Team. The team’s focus will focus solely on developing strategies to give homeowners an edge in any Freddie Mac Mortgage foreclosure! We are the only foreclosure and mortgage experts with the resources and knowledge to successfully challenge any Freddie Mac Mortgage. Our competitors may show off one or two victories against this lender but they can’t beat our track record. How do we know this? Because we have the 10-year track record to prove it! MFI-Miami’s Freddie Mac Mortgage Foreclosure Defense Team is a mortgage servicer’s worst nightmare. Why? MFI-Miami has successfully challenged some of their most arrogant foreclosure mill lawyers. As ...