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...



Loan Delinquency Rate Up, Potential Home Sales Improve

by Phil Hall, August 22, 2016 as published on National Mortgage Professional Magazine The week is getting off to a bit of a decent start, at least in terms of the latest hou ...

More than 10% of Homeowners Still Underwater: Zillow

By Jacob Passy, from National Mortgage News August 18, 2016 The share of homeowners who owe more than their house is worth remains above 10% nationwide, according to data from ...


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 ...

Clinton vs. Trump: Different visions for housing finance

By Victor Whitman, Reprinted from the Scotsman Guide Republicans and Democrats have approved party platforms with fundamentally different views on the role of government in hous ...


Payment Reductions Should Continue After HAMP Expires: Regulators

By Brian Collins, from National Mortgage News July 25, 2016 Federal regulators warned mortgage servicers Monday that they will still expect them to offer loan modifications to ...

Democratic Platform Shifts from Post-Crisis Recovery to Housing Access

By Bonnie Sinnock, from National Mortgage News July 25, 2016 Democrats will adopt a party platform this week that omits most references to a need for continued post-housing crisi ...


Refinance Sought for Millions Trying to Remain in Underwater Homes

Pete Smith, an underwater homeowner in Chicago, Ill., is frustrated by the only option available for homeowners who have negative equity on their second mortgage. “I’ve trie ...

Urgent Attention Needed. Two Problems and Solutions That Exist for Negative Equity Homeowners

Let's Work Together to Fix the Problems Now Restructured and Refinanced: There is a way to use government entity funds as a new 2nd mortgage and comb ...


Post-Foreclosure Consumers Are Ready to Rejoin Economy

From Bloomberg News, July 7, 2016 Millions of Americans lost their homes to foreclosures or short sales during the housing crisis. Fortunately for the economy, time heals most w ...

Candidates Need to Focus on Housing Affordability: Survey

By Jacob Passy, National Mortgage News - June 16, 2016 Nearly two-thirds of Americans think that something can be done to address problems related to housing affordability — a ...


Over 20% Say Housing Will Affect Their Choice for President

by Jacob Passer, National Mortgage News - June 22, 2016 More than one in five Americans say the presidential candidates' policies on housing and finance will shape their vote in ...

We're still in a housing crisis survey reveals

by Steve Randall, from Mortgage Professional America A new study reveals that 81 per cent of Americans believe that the housing affordability crisis in on the rise. More than ...


Defaulting HELOCs: A growing concern

June 10, 2016 – In 2004, millions of homeowners tapped into the equity of their homes through low-interest – or no interest – home equity lines of credit (HELOC). Their 10-ye ...

Chicago Among Cities with Largest Share of Underwater Homeowners

By Gail MarksJarvis, Chicago Tribune June 10, 2016 Stuck in a home you can't sell for enough to get out from underneath the mortgage? You are not alone. More homeowners in the C ...


Good Credit Doesn’t Help Those with Negative Equity

by Pam Marron - June 14, 2016 Policy still exists today that requires mortgage delinquency first before any help on lower payments for underwater homeowners is considered. There ...

Rising Prices Should Take 1M More Owners Out of Negative Equity

by Jacob Passy (National Mortgage News) There were more than a million homeowners whose properties exited negative equity status over the past year, with the potential for anoth ...


Negative Equity Falls Nationally, Finds Foothold in Midwest

by Jacob Passy (National Mortgage News) While negative equity rates continue to drop nationally from their 2012 peak, the share of homeowners underwater in the Rust Belt remains elevated, according to data from Zillow. The negative equity rate, which measures the share of all homeowners with a ...
Read More...

Buyer's Agents Needed Now more Than Ever

http://www.theresource.tv/homepage/rebuttal-buyers-agents-dying/


Underwater Homes are Still Looking for a Lifeline

(from the Scotsman Guide) The housing crisis seemed to start overnight in many parts of the country, going from good sales in December 2006 to no sales abruptly a few months lat ...

HUD Unveils New Housing Counseling Advisory Committee

By Brian Collins, National Mortgage News The Department of Housing and Urban Development (HUD) has created a new advisory committee that will explore ways to make counseling mor ...