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Freddie Mac hires Titanium Solutions, Inc. to Help Borrowers Complete Modification Applications

FREDDIE MAC STARTS DOOR-TO-DOOR EFFORT HELPING BORROWERS COMPLETE HOME AFFORDABLE MODIFICATIONS

Titanium Solutions, Inc. to Help Borrowers Complete Modification Applications

 Direct from Freddie Mac..Read the full article

McLean, VA - Freddie Mac (NYSE:FRE) today announced it has hired Titanium Solutions, Inc. to meet with delinquent borrowers at their homes and help them supply missing information, documents and complete other actions needed to begin their three month trial payment periods for Home Affordable Modifications under President Obama's Making Home Affordable program.

Titanium Solutions will target late-paying borrowers with Freddie Mac-owned mortgages who have not returned letters or phone calls sent by their servicers, or who need to provide additional information or documents to launch their three-month Home Affordable Modification trial periods. Titanium will also help those borrowers who have started their Trial periods complete the documentation process to enable them to be converted into final modifications.

"By meeting with our borrowers, one on one, in their homes Titanium Solutions can help them overcome the roadblocks keeping them from starting their Home Affordable Modification trial periods,"said Ingrid Beckles, Senior Vice President Of Default Asset Management at Freddie Mac. "We believe this can give borrowers seeking Home Affordable Modifications the same type of personalized guidance they may have had when they were buying their home or applying for their mortgage."

"Through this initiative, Freddie Mac again demonstrates their commitment to helping homeowners in need. We are pleased to work with them to improve contact with at risk homeowners who are in jeopardy of losing their homes to foreclosure, as well as increasing the number of homeowners who receive and are approved for a modification," said Patrick Carey, Chief Executive Officer at Titanium Solutions, Inc.

Reaching Delinquent Borrowers in their Homes

Titanium Solutions representatives will provide borrowers seeking Home Affordable Modifications with a wide range of support and expertise from reviewing program requirements, to explaining which documents are needed, to securing signatures and walking them through unfamiliar processes.

 

Dawn Barrier    EXP REALTY Las Vegas   (702) 812-4550 

 
 
 
 
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Comment balloon 6 commentsLas Vegas Real Estate Agent Dawn Barrier • September 29 2009 10:20PM

Comments

Very interesting article, thank for sharing it with us.

John Pusa

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) over 9 years ago

Definitly interesting. 

Posted by Michael J. Gallo, Florida Luxury Realty - Gulf Home Sales Team (Florida Luxury Realty) over 9 years ago

Thanks!  I am a Home Retention Consultant for Titanium Solutions here in Las Vegas

Posted by Las Vegas Real Estate Agent Dawn Barrier, South Las Vegas, Henderson, Summerlin Homes (eXp Realty) over 9 years ago

The volume has increased but the contact percentage for me seems to be decreasing.  It appears that these people have gone in a shell and are really trying hard to stay there.  I was given 15 assignments last week.  At this point have not made one contact. 

Posted by Keith Manson (First Weber Group/short sale/cdpe/gri) over 9 years ago

Keith,

You are right about the "shell game".  I have also seen an increase in people that are home but elect not to answer the door.

The ones you do make contact with do truly appreciate the help.

Posted by Jim Paulson, Owner,Broker (Progressive Realty (Boise Idaho) www.Progressive-Realty.info) over 9 years ago

Keith,

Yes, this is happening here as well.  Kind of makes you realize the housing crisis will continue on for a good many folks.  It is very hard on some assignments here as some have lost jobs and can't even qualify for unemployment...really pulls at the heart strings on those ones.

I think there are so many scammers out there see..NEVER PAY a Mortgage payment to someone who comes to your door in Las Vegas, Nv or any other town !! that they are fearful of opening the door and being worried about getting kicked out.  If they would just communicate with the lender, they may have a chance, but there is never a guarantee of that either as I hear the "lender really won't help me" as well.

Posted by Las Vegas Real Estate Agent Dawn Barrier, South Las Vegas, Henderson, Summerlin Homes (eXp Realty) over 9 years ago

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