Pam Marron Home Lending

ForeclosureCreditFix.com now Open! 1-866-702-4557

 Worried about getting a new mortgage after a short sale, deed in lieu or modification? Even if you’ve been denied by a lender, housing counselors are standing by to help. Get “mortgage-ready” with solution ...

ForeclosureCreditFix.com now open to assist clients with a past short sale or modification

By Pamela Marron | September 2017 | for National Mortgage Professional Magazine Though the consumer pays for this service upfront, loan originators can provide a credit towards the cost at the closing of a new mo ...

Submit a Complaint to the CFPB if your past short sale is erroneously coded as a foreclosure!

If you are a past short seller who is eligible for a new mortgage but are being turned down because your past short sale is being coded as a foreclosure, please notify the Consumer Financial Protection Bureau at h ...

Fannie Mae move comes as result of congressional scrutiny initiated by Nelson

WASHINGTON, D.C. – The nation’s largest home mortgage provider is expected to announce any day now that it has found a fix to the problem of computers reporting short sales as more financially harmful foreclosur ...

WHY Specific Short Sale Code for 11.3 Million Who Were or Are Underwater is Worth It

For a long time, a battle has been waged to get a short sale credit code for past short sellers. Almost all  who have short sold will tell you that they were told upfront that the only way to get short sale approva ...

Underwater Florida Residents: Be Prepared on 10/1 at 9am for $50,000 Principal Reduction through HHF!

REPEAT: Underwater Florida Residents: Be Prepared on 10/1 at 9am for $50,000 Principal Reduction through Florida's Hardest Hit Funds! Only 25,000 applications will be processed initially! Chris Chmura, Fox 13 WTVT ...

Pasco man gets around home lending glitch

Posted: August 28, 2013 By Shannon Behnken PASCO COUNTY, FL -In 2010, George Albright's Trinity home lost half its value, and he lost income. His lender agreed to allow the house to sell for less than Albr ...

National Consumer Reporting Assoc.(NCRA)...Could Not Have Done This Without Them!

Perception of Short Sellers is Half of Story

Yesterday I had a conversation that hit me to the core, as so many have done over the past 2 years. I spoke with a mortgage banker in California who was calling to find out how to get the foreclosure code corrected ...

Numerous Problems Surround Underwater Homeowners: To Get Short Sale Approval, Throughout Process, and Afterwards

Problems Outlined. There are solutions. Anyone listening? If you are having any of problems noted below, please email Pam Marron at pmarron@tampabay.rr.com or call 727-375-8986. 1.) Credit:         S ...

Bright Spots and Challenges Ahead for Short Sellers

Homeowners Try to Get Short Sale Approved While Being Current but Lenders Make it Impossible to Proceed! Short Sale Bright Spots There are some bright spots. Lenders like Wells Fargo and Chase are doing the r ...

Attention finally coming to Short Sellers and Underwater Homeowners…. and Immense Thanks to all who are helping!

You know when you finally get somewhere when you have been trying for a long time, and it finally happens? It is finally happening, and thanks to the staff at U.S. Congressman Gus Bilirakis’s office, I am going to ...

Realtors: Why Help Short Sellers Repurchase?

More Buyers NOW = Realtor Income Increase NOW = Higher Values NOW! Example in tri-county Tampa Bay, Florida alone: Pinellas, Hillsborough and Pasco Counties: increase the number of homebuyers in the marketplace ...

Massive and Erroneous Mislabeling of Short Sellers

As many of you know, I have championed the cause of short sellers for the past year. While the press continues to report on abuses of strategic defaulters, I am seeing another story entirely. As a working mortgage b ...


Restructured Refinance That Includes Govt 2nd Could Help Remaining 4 MILLION+ Still Underwater

What if there was a way... Restructured Refinance with Government 2nd Loan Could Help 4 MILLION+ Negative Equity Homeowners and Nearly 1 MILLION with Resetting Interest Only Home Equity Lines of Credit by Pam Marron | National Mortgage Professional Magazine | January 2018 Over 4 million homeowners still have mortgages where negative equity is over 125%[1]. Nearly 1 million of these homeowners have home equity lines of credit (HELOC) attached that are preventing a refinance of the first mortgage. Restructuring these loans for a new conventional mortgage is possible by reducing the first loan to 80% LTV and attaching new fully amortizing secondary financing up to a 95% combined loan to value (CLTV). But it is not enough if the client can’t get funds to cover a needed payoff above 95% CLTV. Both the Fannie Mae DU Refi Plus and the Freddie Mac Relief Refinance Home Affordable Refinance Programs (HARP) allow government entity funds to replace secondary financing with no max ... Read More...



Senator Bill Nelson and CFPB fix erroneous code issue with Fannie Mae!

Fannie Mae move comes as result of congressional scrutiny initiated by Nelson  WASHINGTON, D.C. – The nation’s largest home mortgage provider is expected to announce any day now that it has found a fix to the problem of computers reporting short sales as more financially harmful foreclosures in many consumers’ credit reports.  The fix stems from a congressional hearing held by U.S. Sen. Bill Nelson in May examining how the lending industry was reporting short sales with the same computer code used for foreclosures in the credit reports of an untold number of consumers. The practice tainted consumers’ credit ratings, and potentially delayed by a number of years their ability to qualify for new loans on purchases like homes or cars.  Banks and credit bureaus have said the reporting problem was caused by an error in the standardized computer software the industry used, which had no special code to report record a short sale – a transaction that was relatively rare pr ... Read More...



For short-sellers, some good news, by Kenneth R. Harney, Washington Post

THE NATION'S HOUSING COLUMN Friday, Sept. 6, 2013 For short-sellers, some good news By KENNETH R. HARNEY WASHINGTON -- Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and who thought they'd have to wait for years before owning again. Fannie Mae, the federally controlled mortgage investor, has come up with a "fix" designed to help large numbers of consumers whose short sales were misidentified as foreclosures by the national credit bureaus. Under previous rules, short-sellers would have to wait for up to seven years before becoming eligible for a new mortgage to buy a house. Under the revised plan, they may be able to qualify for a mortgage in as little as two years. Homeowners who are foreclosed upon generally must still wait for up to seven years before becoming eligible again to finance a house through Fannie. Industry estimates suggest that mor ... Read More...



Remembering CFPB’s Laurie Maggiano

We lost a wonderful, powerhouse of a woman who has served at the U.S. Treasury and the CFPB. "Laurie has worked to make sure that policies translate into actions that help homeowne ...

Delete Credit Disputes

How the Consumer can take “Dispute” off of their credit themselves for free Email customer credit report. Follow steps 3 and 4 to locate all repositories with dispute. Go to credit report. On account ...


ForeclosureCreditFix.com now open to check if foreclosure code on past short sale or modification

ForeclosureCreditFix.com now open to check if foreclosure code on past short sale or modification By Pamela Marron | September 2017 | for National ...

HUD Housing Counselors Continue Assisting Negative Equity Homeowners

Housing counselors continue to assist negative equity homeowners who need help staying put in homes while working on initiative to assist those having trouble reentering the hous ...


Study Finds Gen X Homeowners Lacking in Equity

Written by Phil Hall, as seen on National Mortgage Professional News, July 18, 2017 While many people are ready to tuck the housing crash into the history books, its residue is ...

HUD's Carson Warns of Senior Housing Crisis

Written by Phil Hall, as seen on National Mortgage Professional News, July 18, 2017 According to an Orlando Sentinel report, Dr. Carson raised the issue yesterday during hi ...


Housing Counselors Hone Skills for Service That Will Assist Those with Past Short Sale, Deed-in-Lieu or Modification Where Credit Shows Up as Foreclosure

By Pam Marron | National Mortgage Professional Magazine |July 2017 Step One… Loan ...

Americans Who Can’t Afford Their Homes Up 146 Percent

"In the wake of the financial crisis, so much capacity was taken offline," Swonk told NBC News. "Much of the existing stock of housing is still underwater. Many of the entry ...


Underwater homes on the decline nationwide – but that’s not the whole story

HomeNews by Ryan Smith, 08 May 2017 There were nearly 5.5 million seriously underwater properties in the US during the first quarter, according ...

Pre-purchase help coming from HUD approved housing counselors to assist clients who still have credit issues with a past short sale or modification

By Pamela Marron | National Mortgage Professional Magazine | May 2017 HUD approved hous ...


Morning Briefing: HELOC owners face sharp payment increases in 2017

by Steve Randall Challenging times are ahead for thousands of homeowners with HELOCs as their lines of credit reset with higher monthly payments while some may struggle to refin ...

Drill Down on Short Sale and Modification Credit

By Pam Marron | National Mortgage Professional Magazine | April 2017 Recently, a joint effort of the mortgage and the housing counseling industries to remedy continued credit pr ...


National Real Estate Post is Off the Mark - Here are the Facts!

3/15/17 Dear National Real Estate Post; With all due respect, you are totally off the mark in today's video: http://thenationalrealestatepost.com/treasury-giving-away-50k-to- ...

HUD Housing Counseling Federal Advisory Committee (HCFAC) to host panel entitled “Challenges in Credit Reporting Post-Crisis: An Opportunity for Housing Counselors”

As a member of the HCFAC committee which is comprised of three representatives each from t ...