Trying to get out there first with a proposal for the future of Fannie Mae (FNM) and Freddie Mac (FRE), the Mortgage Bankers Association (MBA) is calling for Fannie and Freddie to be broken up into several smaller privately held companies that issue securities with an explicit government guarantee, not just an implied guarantee, according [...]

Chase and Wamu are in the process of upgrading their systems. They do not have access to any data until Tuesday. So if you are calling on your files hold off until Tuesday. Angel

Lose the House, but Not Your CreditBy Brian Dakss According to sources in the mortgage industry, people who agree to a short sale with the lender do far less damage to their credit rating than those who go through foreclosure. While in both cases, short sale and foreclosure, the delinquent mortgage will negatively affect their [...]