To: President Donald Trump
Allow Principle Reduction for Fannie/Freddie GSE Loans
GSE Homeowners whose mortgages are underwater and/or were defraued, by one of the five largest banks in the country, are not covered under the National Mortgage Settlement Relief Fund. While homeowners who qualify are receiving principle reductions and other compensation, those of us who have Fannie Mae or Freddie Mac guaranteed loans are still struggling with underwater loans.
Ask President Obama to allow the same assistance for Fannie Mae and Freddie Mac (GSE) loans, as others are receiving under the National Mortgage Settlement Relief Fund.
Ask President Obama to allow the same assistance for Fannie Mae and Freddie Mac (GSE) loans, as others are receiving under the National Mortgage Settlement Relief Fund.
Why is this important?
The Attorney General, Jack Conway, KY has a commercial PSA for homeowners who were defrauded by Bank of America, Wells Fargo and Citi Bank, JP Morgan Chase or Ally may file a claim for principle reductiion or compensation under the landmark Federal & State Attorneys General settlement with the banks.
Unfortunately, for me and many other borrowers from Countrywide/Bank of America, and other banks charged with misconduct, my loan is guaranteed by Freddie Mac (GSE), therefore, I do not qualify for relief. This is not fair and should be expanded to all of us who are affected by the actions of these banks.
Unfortunately, for me and many other borrowers from Countrywide/Bank of America, and other banks charged with misconduct, my loan is guaranteed by Freddie Mac (GSE), therefore, I do not qualify for relief. This is not fair and should be expanded to all of us who are affected by the actions of these banks.