Daily Archives: December 4, 2012

Fannie, Freddie halt foreclosures for the holidays | Bedford Corners Realtor

(MoneyWatch) Fannie Mae (FNMA) and Freddie Mac (FMCC), along with some of the nation’s biggest lenders, said Monday that they will suspend some foreclosures during the holidays.

From Dec. 19 through Jan. 2, 2013, Fannie will halt evictions of homeowners in a single-family property and in apartments with up to four units that are financed by a mortgage from the government-sponsored enterprise. Freddie, the nation’s other main provider of government-backed housing loans, will stop foreclosures for the same the type of homes from Dec. 17 through Jan. 2, 2013.

JPMorgan Chase (JPM) and Citigroup (C) said in statements that they also are temporarily ceasing foreclosures. JPMorgan said it would suspend all evictions beginning Dec. 19 through Jan. 1; Citi did not specify dates for its suspension.

Fannie Mae announced on Monday that the agency is halting foreclosure evictions in support of families who have faced financial challenges. “The holidays are a chance to be with loved ones and we want to relieve some stress at this time of year,” said Terry Edwards, an executive vice president in Fannie Mae’s credit management division, in a statement.

Edwards said borrowers who are struggling with their house payments should contact Fannie as soon as possible. 

Although the news is likely to bring a measure of relief to homeowners at imminent risk of eviction, the respite will be brief. Freddie noted that firms that handle evictions for the company will continue filing foreclosure documents, such as default notices, so evictions can resume after January 2 of next year. 

Fannie and Freddie, which finance the housing market by purchasing mortgages from lenders, are government-owned. They were seized by federal authorities in 2008 after the agencies suffered massive financial losses stemming from the housing crash.

Following superstorm Sandy, both agencies said that they would suspend evictions and foreclosures in affected areas for 90 days. For borrowers with a Fannie loan, that foreclosure moratorium will last through Feb. 1, 2013, while for Freddie customers the suspension lasts through next February.

The Federal Housing Administration in November also halted foreclosures on federally insured homes in storm-hit areas of Connecticut, New Jersey, New York and Rhode Island.

Foreclosure activity has fallen in recent months. According to real estate research firm CoreLogic, 58,000 foreclosures were completed in October, down 17 percent from the year-ago period.

Still, foreclosures remain elevated. Between 2000 and 2006, when the bubble in housing prices started to deflate, an average of roughly 21,000 foreclosures were completed each year. Roughly 1.3 million homes, or 3.2 percent of all properties with a mortgage, were in some process of foreclosure as of October, down from 1.5 million in the same period last year, according to the firm.

3 Vital Tools for Online Reputation Management | Bedford Hills NY Real Estate

A good reputation online is one of the keys for a business to gain and maintain customers.3 Indispensable Tools for Online Reputation Management

It’s like the foundation that you need to constantly build so that others would trust your brand. It is a practice that involves monitoring of online activities which may lead to your business’s status for the public.

Doing online reputation management can help you create or restore the image that you want for your business. Just make sure you have the right strategies and tools to use for a more accurate and convenient way of getting the results.

So to help you out on which tool to start with, here are some of the famous platforms that you can try out.

1. BrandsEye

BrandsEye is made for brand monitoring and management. It is also used for competitive analysis plus checking out what’s going on with your competitors. It is ideal for small to large businesses since the platform can be used by several people who would track what’s going on with their brand online.

BrandsEye Tools for Online Reputation Management

It comes with three plan and pricing offers that are inclusive of trial for 2 weeks. BrandsEye also provides convenience since you can get alerts through SMS, email and RSS.

2. Brandwatch

If you’re after the reputation that you are gaining from social media sites, then Brandwatch might just be the right ORM tool for you. It helps you monitor specific keywords and brand mentions on famous social media sites like Facebook, Twitter, Google+, and more.

Brandwatch Tools for Online Reputation Management

You can have a quick view on what’s happening out there and what people are saying about your business.

Although Brandwatch only has subscription plans with varying prices, you will be provided with a free demo on how to work your way through.

3. Naymz

Naymz can be considered as one of the top favorites for monitoring online reputation management. It has a feature that allows you to check social influence through likes and other forms of social sharing. You can also assess how people find your brand since Naymz sends a questionnaire to your contacts. Lastly, you can gain better reputation and image for your business through the RepScore points being posted on every user’s Naymz profile.

Naymz Tools for Online Reputation Management

The best part here of course is that you can use Naymz for free!

Always remember that getting the right reputation can help you turn your business into a brand trusted by many. Take precautions and do your own online management. This can help you be on the right track and address the concerns that your customers have.

Author Profile: Roxanne is a creative online writer from PrintRunner, a  printing company that offers small businesses innovative marketing tools.  

 

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