Pam Marron Home Lending

HousingCrisisStories.com Now Open!

HousingCrisisStories.com offers assistance for 7.3 million Boomerang Buyers, or those who had a past short sale or foreclosure and are eligible to repurchase a home again.... and options for 7.1 million Distressed H ...

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 ...

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 ...


Video: Past Short Sellers Can Be Homeowners Again!

  Video: Past Short Sellers Can Be Homeowners Again! George Albright, like many past short sellers, had a problem when he was eligible to repurchase a home. His past short sale credit was showing up as a foreclosure. George made this video to explain how he was able to get his credit corrected and buy a new home again. How many past short sellers, or those who may have to short sell, can this help? Simple instructions for past short sellers, realtors and lenders! Click on picture above or go to http://youtu.be/ZPvzVpnwKRI 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...



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 ...


Join FAMP's Gulf Coast Chapter June 20 for Lunch and Learn

This class is geared for all mortgage professionals who have had an issue with correcting the credit report. Pam Marron, Loan Originator, and Theresa McCoy, CIC Credit Reporting Agency, to show how correct inaccurate foreclosure credit in short sale and loan modifications for the Gulf Coast C ...
Read More...

Dodd-Frank: Trump says roll-back, consumers map fight back

Kevin McCoy and Roger Yu , USA TODAY Published 7:02 a.m. ET June 14, 2017 | Newly announced Trump administration plans to weaken or eliminate many financial-industry regulation ...


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 ...


How Loan Professionals can Correct a known Short Sale credit coded as a Foreclosure

Loan originators are unaware that there are two solutions that can work when short sale credit is erroneously coded as a foreclosure and results i ...

Loan Originators: Be aware of “disputes” on credit reports and automated underwriting findings. Also on short sales, check “Date Reported”.

Do it before a contract is signed. By Pam Marron, Jan 9, 2017 for National Mortgage Profe ...


When Unpopular Policy Works

Our current administration inherited a financial crisis that this country has not experienced anything close to since the Great Depression. When the collapse occurred, it was visible by the number of unoccupied ...

When Frustration Hurts the Cause

By Pam Marron | November 2016 | for National Mortgage Professional Magazine On May 19th, 2016, I was appointed to the 1st Housing Counseling Federal Advisory Committee (HCFAC) under HUD. This committee, cons ...


Erroneous Foreclosure Code still results in Loan Denial for Past Short Sellers in Freddie Mac Loan Prospector(LP) for Conventional Loans

Loan originator is asking your assistance to share LP conventional mortgage “Caution” files of past short sellers th ...

What Could Drive Another Mortgage Crisis?

Continued Policy That Damages Credit of Responsible Homeowners and the Apathetic Reason Nothing is Done By Pam Marron For National Mortgage Professional Magazine | Sept. 2016 Iss ...


Feds Plan to Sue Moody's Over Pre-2008 Securities Ratings

by Phil Hall, as published on National Mortgage Professional.com Friday, October 21, 2016 - 15:07 Moody's Corp. has announced that the U.S. Department of Justice (D ...

Yellen Raises the Possibility of a “High-Pressure” Economy

from National Mortgage Professional Magazine, Friday, October 14, 2016  by Phil Hall Federal Reserve Chairwoman Janet Yellen took a dramatic departure from her ...


Even if Refinancing Looks Like a No-Brainer...

by: Jann Swanson from MortgageNewsDaily.com, Sep 28 2016, 12:27PM Why are so many people holding on to mortgages with high interest rates?  Sentiment? Inertia? Apparently ...

Wages Lag Home Prices; Affordability Suffers

by: Jann Swanson from Mortgage News Daily, Sep 29 2016, 12:57PM The lack of housing affordability is rising among the 414 U.S. counties tracked by ATTOM Data Solutions.  ATT ...