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...



Fannie Readies Launch of 'Trended Data' Initiative

by Brian Collins, National Mortgage News WASHINGTON — Lenders and credit bureaus are gearing up for Fannie Mae's June 25 launch of its "trended data" initiative, which provide ...

Foreclosure rate is likely two years away from a return to true normal, CoreLogic economist says

The U.S. foreclosure rate and mortgage delinquencies have fallen to levels not seen since before the housing crash eight years ago, but that doesn’t ...


Pam Marron Selected for HUD Housing Counseling Fed. Advisory Committee

Yesterday Pam Marron received a letter from HUD Secretary Julian Castro that she has been selected to serve on the U.S. Department of Housing and Urban Development's Housing Counse ...

Help set the agenda for the Florida Senate debate between Alan Grayson and David Jolly!

Hi there! I just participated in a first-of-its-kind Open Debate for U.S. Senate candidates in Florida where all questions will be chosen from amon ...


FHFA makes it official: Principal reduction is coming

Plan is 'final crisis-era' modification program (April 14, 2016) Eligible borrowers should expect a letter from their mortgage servicer about a principal reduction no later than ...

Negative Equity still Plagues Lowest Tier Homes

While the percentage of properties with negative equity decreased during 2015, the lowest-priced homes continued to struggle to regain value, according to Black Knight Financial Se ...


Combining Hardest Hit Funds with Existing Refinance Programs Can Help Millions of Underwater Homeowners

There are five existing refinance loans available for underwater homeowners that allow for: new secondary refinancing no maximum combined loan t ...

FHFA Director Watt: Expect Decision on Principal Reduction within 30 Days

In remarks delivered at a luncheon sponsored by Women in Housing and Finance last week, FHFA Director Mel Watt acknowledged that the "FHFA has receive ...


6.4 million Homeowners underwater nationally and most are desperately trying to stay put!

The housing crash might seem like old news, but for families left behind by the recovery it remains a defining economic reality, with negative equity ...

Better Details Needed for FHA Back to Work, Conv "Extenuating Circumstances"

Better Details Needed for FHA Back to Work Program and Conventional "Extenuating Circumstances"   By Pam Marron For past short sellers who hav ...


Short Sale Code Problem and Workable Solutions

 Short Sale Credit Code Problem: HOW Changing BOTH the "Root" of the Problem and "Current Short Sale Code" will Help 11.3 Million Past and Future Short Sellers Download/read the full report below. 2.Short Sale Code Problem.Change BOTH Root and Short Sale Code.probs.workable soluts.5.12
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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 approval was if they were delinquent on t ...
Read More...


Why NOT TO DISPUTE Erroneous Foreclosure on Credit Report

When the erroneous FORECLOSURE account is disputed, it drops off of the automated Fannie Mae or Freddie Mac underwriting report. However, the findings notate the account as a "dispute" and lenders must delete dispute from credit report, obtain new credit and rerun Fannie Mae AUS. Then, the FORECLOSU ...
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Fannie Mae Fix out Nov.16, 2013 and Two Fixes for Erroneous Foreclosure Code on Past Short Seller Credit Working Now!

Effective Nov. 16, 2013, Fannie Mae "Fix"! Desktop Originator/Desktop Underwriter  Release Notes DU Version 9.1 ...


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 ...

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 appl ...


Fannie Mae Desktop Underwriter (DU) Vers. 9.1 Release Webinar Available!

Lenders, loan officers, credit companies; Sign up for Desktop Underwriter (DU) Version 9.1 Release Webinar dates at https://www.fanniemae.com/s/mor ...

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 t ...


Thanks to Senator Bill Nelson, Who Called for Correction of Short Sales Erroneously Coded as Foreclosures

              Senator Bill Nelson (FL-D)                                               ...

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