Pam Marron Home Lending

Destruction Caused by Common Bank Practice of Requiring Underwater Homeowners to be Delinquent for a Short Sale

December 28, 2012 by · Leave a Comment 

This white paper was ammended to include information about 3 of the 9 hardships used prior to Nov. 1, 2012, and listed on the August 2012 Uniform Borrower Assistance Form 710.

Effective Nov. 1, 2012, FHFA released guidelines that allow all harships listed on Form 710 to be used to apply for a short sale and underwater homeowners can proceed with a short sale while being current on their mortgage payment.

The white paper shown below (minus added information regarding 9 hardships) was delivered to a staff person by the executive director for Senator Bill Nelson to a member of President Obama’s staff in Tampa, Fl. on April 14, 2012.

2 White Paper Final 6.28.12


Letter to Senate Banking Committee Regarding Necessity of Credit Code for Past Short Sellers

December 28, 2012 by · Leave a Comment 

Date: Dec. 17, 2012

TO:  Senate Banking Committee members

cc: Consumer Financial Protection Bureau


I believe there is a major issue regarding credit reporting that is severely affecting the mortgage and housing industries.  This issue needs to be addressed in your Dec. 19 hearing, and I have serious concerns that it will not be. 

 My name is Pam Marron, and as a mortgage loan originator working in Tampa Bay, Florida for 27 years, I have seen the good and bad of the housing industry through several cycles.  For the past two years, I have tried to help underwater homeowners stay in their homes with HARP refinances and past short sellers re-enter the housing market with a new mortgage. I have proof of a major problem with the way the credit reporting industry documents short sales that I would like to present to you… 

Thanks to  the office of U.S. Senator Bill Nelson (D-FL) for helping me to get this to Dec. 19th meeting…

Marron Senate