Arizona Actual Estate Leader Sees Fannie Mae Brief Sale Pilot Plan as Market place Stabilizer


Scottsdale, Arizona (PRWEB) January 12, 2009

Certified Distressed Home Professional (CDPE) Gayle Henderson , of RE/MAX Excalibur in Scottsdale, insists that foreclosure is not the answer to the present residence ownership crisis looming throughout Maricopa County.

&#13

December 23, 2008, Henderson was notified by ARMLS (Arizona Regional Several List Program) announcing a pilot plan fostered by Fannie Mae and orchestrated through Countrywide loans to streamline the short sale procedure. “It felt like the greatest Christmas present I could envision,” mentioned Henderson, who is working tirelessly to aid stabilize the housing industry by way of assisting homeowners with loan modifications and short sales. “Arguably, the housing marketplace accompanied by the monetary institutions that lend the cash is the bedrock of our economy,” stated Henderson.

&#13

When Bob Bemis, CEO of ARMLS was approached by Fannie Mae as one of five national MLS systems to participate in this pilot system, his reaction was good and supportive. “We need to do one thing about streamlining the brief sale system,” stated Bemis. “And this seems to be a credible plan to test,” he continued.

&#13

Short sales eligible for this pilot system have been identified as these on the market place as of December eight, 2008. Listing agents of these properties have been contacted by Countrywide to submit the brief sale package on behalf of the seller. Countrywide, in turn, will establish a preapproved sales value which will be reflected throughout the 90-day pilot system as the list price tag. Any price tag adjustments for the duration of the listing period will potentially disqualify the house from the pre-authorized status granted by Countrywide. The plan is designed to expedite the quick sale method, move inventory a lot more swiftly minimizing the lenders loss, while assisting the property owners to stay away from foreclosure.

&#13

“Acquiring the word out to Purchasers and Purchasers Agents that short sales are becoming the new attractive house to purchase is essential in helping stabilize our industry,” mentioned Henderson. “The value in acquiring a quick sale is tremendous. The Seller, often, is nonetheless living in the property, maintaining up with routine upkeep each inside and out. The pricing is at existing market place worth. And the condition surpasses most of its foreclosure counterparts.”

&#13

“Not understanding the consequences of foreclosure lead a lot of home owners to just give up,” mentioned Henderson. “And believe me there is a distinction in life soon after foreclosure as opposed to life with out foreclosure. We may possibly not be in a position to save each and every residence, but we can provide the saving hand to each financially distressed homeowner. Presently we see lenders are much more receptive to expediting the quick sale approach,” mentioned Henderson. It is important to don’t forget that lenders are not in the organization of acquiring home, they are in the business to lend cash. Assisting to clear these non-performing assets (default loans) from their books will result in a quicker bounce back in this economic crisis.

&#13

For a confidential phone interview relating to your true estate concerns, make contact with Gayle Henderson at 602-850-4335.

&#13

Gayle Henderson, Pc, CRS, GRI, ABR, CLHMS, E-Pro, CDPE is offered for comment and contribution to Real Estate associated troubles. Get in touch with Gayle Henderson at 602-850-4335 or check out http://www.AZAvoidForeclosureNow.com.

&#13

# # #

&#13
&#13
&#13
&#13
&#13

A lot more Loan Modification Press Releases

Fannie Mae And Freddie Mac Will Modify Loans – six Million Households Face Foreclosures – Loan Modifications To Reduce Foreclosure By April

Pleasant Grove, Utah (PRWEB) March four, 2009

There is some very good news concerning loan modification, Fannie Mae and Freddie Mac will modify loans below Obama’s program. Though Loan Modification is a viable way to reduced your payments, beware of loan modification scams. FBI is conscious of this increasing dilemma of loan modification fraud, they have not been capable to act rapidly adequate to stave off the fraud wave.

&#13

Against a backdrop of record-low new residence sales and ballooning losses from foreclosures, Housing Secretary Shaun Donovan told lawmakers Thursday that the lending industry is set to launch the Obama administration’s $ 75 billion foreclosure prevention plan next week. Donovan stated “we anticipate to see huge numbers of loan modifications take place really rapidly,” and hopes it would lead to foreclosure prices to drop as soon as April.

&#13

Donovan said the plan will permit “borrowers with massive debts and unaffordable mortgages to have their property loans modified to reduce the monthly payment”, even if they are not in default. Borrowers who owe up to five percent far more than their home’s existing worth will be able to refinance, if their mortgages are held by mortgage finance firms Fannie Mae or Freddie Mac. At the very same time, loan modifications will be available for borrowers who owe up to 50 % much more than their home’s at present worth. Donovan stated “we expect to see massive numbers of modifications occur very rapidly,” and hopes it would cause foreclosure rates to drop as quickly as April.

&#13

At the same time the “FBI is conscious of the developing difficulty of loan modification fraud”, they have not been capable to act swiftly enough to stave off the fraud wave. They report that they have over 1,500 mortgage fraud investigations more than the final month.

&#13

Sean Walker CEO of HomeSaversUtah (http://HomeSaversUtah.com). and President of Good Neighbor Loans, LLC, (http://gnmloans.com), emphasized there are many factors which a homeowner ought to be conscious of when functioning with a loan modification firm.

&#13

Real Estate Short Sale Internet Web site Exposes Clients Short Sale Situations and Tweets About Bank-Owned & Fannie Mae REO Listings

San Francisco, CA (PRWEB) August 24, 2009

The “American Recovery and Reinvestment Plan” (greater known as Obama Stimulus Strategy) has not slowed down the increasing quantity of notices of default (NOD) filed in the San Francisco Bay Location. Distressed property owners are increasingly picking loan modification or short sale instead of facing foreclosure as one way to lessen the effect on their credit score. Short sale is one particular of the many alternatives to foreclosure but the majority of true estate brokers lack the expertise or patience to support home owners. Residence Purchasers Alliance (HBA) has published quite a few true clientele short sale events timeline (privacy info removed) detailing what goes on behind the scenes of a quick sale as observed by HBA agents – lender(s) negotiations, problem resolutions, days to completion, and so on.

&#13

“We are open and frank about the complicated brief sale procedure that our service agents go by way of every day,” mentioned Arton Chau, Common Manager of Property Buyers Alliance. “The stressed homeowner can concentrate on other individual monetary problems and just wanted to keep away from foreclosure with our professional assist. With all the negative press about loan modification scams and brief sales failures, we want to assure home owners that we’re right here to aid them and they can see what they can anticipate from us”.

&#13

HBA has been assisting home owners with alternatives to foreclosure such as loan modifications and brief sales given that the subprime debacle and has a single of the highest achievement rates in the SF Bay Location. HBA is also a single of the handful of Northern California businesses allowed to collect advance charges for loan modification services.

&#13

Because July 15, 2009, HBA has been tweeting everyday on Twitter, San Francisco Bay Location REO listings from bank-owned and Fannie Mae inventory. HBA has amassed a large SF Bay Location listing inventory for San Mateo County, San Francisco County, Santa Clara County, Alameda County, and Sacramento County. Comply with these listings at twitter.com/SF_ShortSale.

&#13

The SF Bay Region Quick Sale web website carries all the detailed short sale case research in addition to complete REO listings from banks and Fannie Mae.

&#13

About Property Purchasers Alliance (HBA): &#13

Know your options to foreclosure ahead of taking drastic actions that could severely damage your credit score. We specialize in short-sale negotiations and are licensed below the California Department of Real Estate (DRE). Our services contain loan modification, forbearance applications, quick sale spend-offs and other arrangements deemed as viable options to assisting property owners get a fresh start, restore credit, and decrease liabilities. By negotiating on the house owners behalf, we aid lessen lender and borrower losses by generating mutual agreements to help borrowers save or sell their properties.

&#13

Speak to: &#13

Arton Chau, Common Manager &#13

Home Buyers Alliance / Milestone Mortgage&#13

650-697-1200

&#13

http://www.sfbayareashortsale.com&#13

http://twitter.com/SF_ShortSale

&#13

###

&#13
&#13
&#13
&#13
&#13

Upbeat Minnesota Foreclosed Residences, Fannie Mae, Freddie Mac Q3 Report Shows Progress In Stopping Foreclosures


Minneapolis, Minnesota (PRWEB) January 05, 2013

The Minnesota Foreclosure Prevention Q3 report states, “There had been 4,451 foreclosures in Minnesota in Q3 of 2012, down 10 % from Q3 of 2011. Although Metro foreclosures (down 12%) saw a greater drop than Higher Minnesota (down 7%), the relative relief was widespread, with the prime 10 counties in foreclosure seeing declines, year-over-year”. Although declines in Minnesota house foreclosures reflect a statewide trend over 20011 – 2012, the number of foreclosed houses are nonetheless historically high, upwards of 300% higher than foreclosure totals in years prior to the housing crisis.

&#13

Lenders, who have frequently resisted erasing mortgage debt, are now forgiving millions of dollars in house loans. The distinction indicated in the Foreclosure Prevention Report has come from government incentives, political pressure, and a $ 25 billion settlement amongst 5 major lenders and 49 attorneys basic. “Property owners, feeling ‘stuck’ unable to sell their residence before they can get a new one, are properly locked out of the housing market. Five years into the housing recession, theyre also more likely to think about the drastic move of walking away from their mortgage, adding to shadow inventory,” says Jenna Thuening, owner of Property Location.

&#13

Highlights in the Minnesota Foreclosed Properties Q3 Report show powerful and steady progress&#13

&#13
Twin Cities foreclosed residences in 2011 Q3 totaled 2,969&#13

Twin Cities foreclosed houses in 2011 Q3 totaled 2,615&#13

Twin Cities foreclosed houses down 11.9%&#13

31 counties reported far more foreclosed residences and 58 counties showed fewer foreclosed homes

Encouraging news released January three by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac completed much more than 134,000 foreclosure prevention actions in the third quarter of 2012.

&#13

Leading Points In TheFHFA Foreclosure Prevention Report:

&#13

1) Year-to-date, Fannie Mae and Freddie Mac have helped property owners by facilitating roughly 411,000 foreclosure prevention actions.

&#13

two) Almost 38,000 quick sales and deeds-in-lieu of foreclosure had been completed in Q3 of 2012, up 4 percent over Q2.

&#13

three) 45 percent of struggling residence borrowers who received loan modifications in the third quarter reduced their monthly payment by over 30 %.

&#13

four) Much more than a single-third of loan modifications completed in the third quarter integrated principal forbearance. NOTE: see explanation that principal forbearance is not the very same as principal reduction.

&#13

five) The number of the Enterprises delinquent borrowers has declined 9 % since the beginning of 2012.

&#13

six) REO inventory continued to decline as property dispositions outpaced house acquisitions in the course of the third quarter. An REO (Genuine Estate Owned) is a home that goes back to the mortgage firm right after an unsuccessful foreclosure auction and are typically in poor condition.

&#13

To help stabilize the housing industry, proponents of principal reduction argue that each home owners and lenders are far better off avoiding those defaults. The recent National Mortgage Settlement between 49 states, numerous federal agencies and 5 big banks is hoping to market the practice by providing those lenders with incentives to reduce loan balances, says Thuening. Home Location sees the following techniques foreclosure prevention actions effect home owners:

&#13

House Forfeiture Actions

&#13

1) Brief Sales&#13

two) Deeds-In-Lieu of Foreclosure

&#13

Home Retention Actions

&#13

1) Forbearance Plans&#13

two) Repayment Plans&#13

3) Loan Modifications

&#13

Calculated Threat explains what this term ‘principal forbearance’ actually means. What the FDIC apparently implies by ‘principal forbearance’ is not what most men and women think they mean by ‘principal reduction’. Nonetheless, with the principal, what the FDIC is performing is not forgiving principal but providing an interest-totally free forbearance of repayment of part of the principal. This indicates that the actual principal amount due and payable at maturity of the loan (or sale of the home) is the original unmodified principal quantity, much less any and all periodic principal payments the borrower makes until maturity or sale.

&#13

Quick sales and deeds-in-lieu spare the home owners from the foreclosure method. Even so, they still have to leave their properties and that is traumatic for the homeowner. “The preferred outcome is to preserve property owners in their houses, if attainable, with a permanent principal reduction. Housing and Urban Development (HUD) Secretary Shaun Donovan mentioned his agency wants to encourage much more principal write-downs to keep people in their properties, even when those loans are backed by Fannie Mae and Freddie Mac,” according to a report in The Hill posted on March 4, 2012 titled Dems Raise Pressure on Fannie, Freddie Regulator to Create-down Mortgages. The Foreclosure Prevention Report for 2012 shows the dedicated efforts of Fannie Mae and Freddie Mac to that finish.

&#13

Twin Cities homeowners may possibly get in touch with 612-396-7832 and ask for Property Destination’s assist to quit foreclosure and enjoy staying in your house.

&#13
&#13
&#13
&#13
&#13

New Normal Brief Sale Suggestions for Fannie Mae and Freddie Mac Loans Beginning Nov. 1, 2012 Tends to make It Easy To Complete a Brief Sale. East Bay Property Owners to Benefit.


Oakland, CA (PRWEB) October 12, 2012

How Short Sales Perform

&#13

For East Bay Home Owners, going via with a quick sale typically causes a excellent deal of tension because it implies that a particular person can no longer afford a property in which they own. There are a couple of different approaches to get out of ones commitment to between the bank and the property, including bankruptcy or foreclosure, but several folks are now selecting quick sales because lenders have turn into far more open to them. A quick sale signifies selling a house for a reduce cost than owed on it and the lender agrees to waive this remaining quantity. If one particular is forced to unload ones house in a hurry, the ideal factor to do is find out as a lot as achievable about this process then get in touch with a nearby agent ahead of after the wise decision is created to.

&#13

What it Means

&#13

When a lender agrees to a short sale, it implies that it is accepting significantly less than what is due on the property. In some instances, it may well make far more sense to foreclose the house and try to resell it, whilst in other circumstances it makes far more sense to go by way of with a quick sale. The lender will agree to whichever methods gets it most of its funds back. In addition, one particular need to qualify for a brief sale just before the lender will even consider this proposition.

&#13

The Method

&#13

To start the brief sale approach simply get in touch with the lender/ servicer and speak with an individual who can make a decision on the matter. A letter of authorization will need to be submitted to the lender, so that the lender can look into ones private info to make certain that one particular is eligible for a quick sale. As with any form of asset and home management, the lender has to look at the borrowers monetary scenario ahead of coming to a conclusion. One should have a real estate agent supply a preliminary net sheet, which will give the lender an estimate of how significantly to expect to receive on the sale and, consequently, how short the amount received will finish up getting.

&#13

Generating the Selection

&#13

In the end, it is often a excellent concept to have the quick sale handled a l ocal actual estate agent nicely versed in short sales. Quick sales are only a excellent idea when this becomes definitely impossible due to significant earnings changes in ones life. These things do happen to individuals occasionally, so it is very good to know that an alternative is obtainable that can enable one particular to escape this burden under the correct circumstances.

&#13

Beginning November 1st, 2012, these are the changes:

&#13

Lenders will now streamlined quick sale strategy for borrowers most in need to have.

&#13

Lenders will now have the energy to speedily and effortlessly qualify specific borrowers who are existing on their mortgages for brief sales:

&#13

Lenders will waive the right to pursue deficiency judgments in exchange for a monetary contribution when a borrower has enough revenue or assets to make money contributions or sign promissory notes.

&#13

Offer you special remedy for military personnel with Permanent Modify of&#13

Station (PCS) orders:

&#13

Consolidate existing short sales programs into a single uniform system:&#13

Offer servicers and borrowers clarity on processing a quick sale when a&#13

Foreclosure sale is pending.&#13

&#13
Fannie Mae and Freddie Mac will provide a maximum $ six,000 to second lien holders&#13
to expedite a short sale&#13

###&#13

“Shortsale”, “Quick Sale”, “Brief Sale Realtor”, “BofA Short Sale”, “Chase Short Sale”, “Wells Fargo”, “Brief Sale Realtor”, “Realtor”, “Oakland Brief Sale”, “Bay Region Brief Sale” &#13

East Bay Home Manger, East Bay Property Management, Eastbay House Manager, Oakland Home Management, Oakland Property Management, Hayward House Management, Fremont House Management, Oakland Home Manager, San Leandro House Manager, Oakland Home Manager, Lake Merritt House Manager, Sunnyvale Property Manager, Fremont Home Manager, Craigslist House Manager, Castro Valley House Manager, Expense Efficient House Manager, ACL Property Manager, Craigslist Home Manager, Craigslist, Yelp House Manager, Prweb Home Manager, ACL Property Manager, “Property Management”, “Property Management Solutions”, Property, Management, Solutions, “Home Manager”, Manager, Rental, Fremont, SF, “San Francisco”, Sunnyvale, Berkeley, “East Bay”, “East Bay”, Duplex, Triplex, “Single Loved ones Home”, “Bay Location”, Properties, townhome, townhomes, duplexes, triplexes, studios, tenant, tenants, screening, selection, applicant, rent, “full service”, “Castro Valley”, houses, residence, condo, condos, “Residential Home”, residential, “rental properties”, “Dublin”, “Livermore”, “property management fees”, “low cost”, quote”, landlord, maintenance, “house inspection”, “real estate”, real, estate, “Short sales”, brief, sales, “buyer representation”, “seller representation”, purchaser, seller, investor, broker, “brokerage”, realtor, charges, “management costs”, “tenant placement”, “Loan Modification”, “Cost-free loan Modification”, “Loan Mod”

&#13
&#13
&#13
&#13
&#13

New Fannie Mae and Freddie Mac No Documentation (No-Doc) Loan Modification Tends to make It Achievable For Millions to Qualify For Mortgage Assistance


San Francisco, CA (PRWEB) April 09, 2013

Beginning July 1, 2013, government owned entities Fannie Mae and Freddie Mac will let home owners who are behind on their payment by at least two months but not far more than 24 months to modify their loans with out any documentation necessary. This new fight fire, with fire technique essentially aids borrowers who supplied little to no documentation when they initially obtained the loan, the potential to receive a loan modification with no the red tape.

&#13

Charles Lassey, an East Bay True Estate Broker with ACL Actual Estate and Property Management Says The major 800 pound gorilla in the area was trying to figure out a way that to assist the people who genuinely necessary the assist, the folks who barley provided any documentation when obtaining the loan all of a sudden have to prove something they clearly couldnt prove in the past unless they would have gotten a decrease interest or fixed rate loan then.

&#13

Whilst this variety of no documentation loan modification makes lots of sense, this announcement should also be extended to brief sales. Following all, why are bank statements, earlier years tax return, hardship letters, and so on., needed to prove a present hardship to qualify for a short sale? Isnt the option to a brief sale or loan modification foreclosure? This is a great step in the appropriate path, ultimately.

&#13

ACL Real Estate and House Management is a complete service East Bay Region Brokerage that specializes in Selling and Managing Single Loved ones/ Multi Household units. The Service Locations Incorporate but not restricted to: Alameda County, Contra Costa County, San Mateo County. Berkeley, Dublin, Livermore, Pleasanton, Oakland, Hayward, San Leandro, Castro Valley, Fremont, Sunnyvale, San Mateo, and several a lot more places.

&#13
&#13
&#13
&#13
&#13

Connected Loan Modification Services Press Releases

Corporate Whistle Blower Center Now Urges Banks Or Key Mortgage Servicing Insiders To Contact Them If They Have Proof Of Major Fraud Involving FHA-VA, Or Fannie Mae Loans


(PRWEB) April 17, 2013

The Corporate Whistle Blower Center is now urging loan servicing insiders to step forward for potentially substantial rewards, if they possess proof of any sort of considerable fraud, or key wrongdoing involving the servicing of FHA, VA, Fannie, or Freddie mortgages. The group’s important is concentrate is loan servicing insiders, who have proof their business is allowing borrowers to default, robo signings, over billing the government for solutions by no means rendered, legal charges, for no legal solutions, mortgage files that had been never correctly dealt with, and so on. As lengthy as the wrong doing, or fraud is in the millions of dollars, and as extended as the whistleblower has substantial proof the Corporate Whistle Blower Center desires to hear about it, and a prospective whistleblower can call them anytime at 866-714-6466,

&#13

The Corporate Whistle Blower Center Mortgage Whistleblower Initiative is also hunting for the following kinds of whistleblowers:&#13

On the mortgage origination side the Corporate Whistle Blower Center is looking for major bank, mortgage banker, homebuilder mortgage managers, or insiders, who can prove their bank, or mortgage lender employer was committing appraisal fraud, as nicely as gouging borrowers on costs, or not complying with distinct guidelines that govern Fannie, Freddie, FHA, or VA mortgages. &#13
On the loan serving side, The Corporate Whistle Blower Center is seeking for individuals who possess substantial proof, their bank or loan serving firm employer was intentionally misapplying payments for principal, interest, and/or for reserves. The group is also hunting for bank, or loan servicing insiders, whose company took federal funds to do loan modifications, and instead of performing a loan modification the bank, or loan servicer did a foreclosure. No 1 ever checked the file. &#13
&#13
Crucial rules for a whistleblower from the Corporate Whistle Blower Center: &#13

Do not go to the government first, if you are a main whistle blower. The Corporate Whistle Blower Center says, “Significant whistle blowers frequently go to the federal government pondering they will help. Its a enormous error. Frequently government officials could care significantly less, or they are incompetent.” &#13
You have to be the 1st person to present your information, and it has to be new details, not previously disclosed. &#13
Do not go to the news media with your whistle blower data. Public revelation of a whistle blower’s details could destroy any prospect for a reward. &#13
Do not attempt to force a government contractor, or corporation to come clean to the government about their wrongdoing. The Corporate Whistle Blower Center says, “Fraud is so rampant among federal contractors, that any suggestion of exposure may result in an instant job termination, or harassment of the whistle blower. We say, come to us very first, tell us what variety of details you have, and if we consider its sufficient, we will aid locate the appropriate law firms, to help in advancing your data.”

Any sort of insider, or employee, who possesses important proof of their employer, or a government contractor fleecing the federal government is encouraged to speak to to Corporate Whistle Blower Center anytime at 866-714-6466, or they can speak to the group by way of their net website at http://CorporateWhistleBlowerCenter.Com

&#13
&#13
&#13
&#13
&#13

Apollo Financial Group Shows How Principal Forgiveness Can Work for Fannie Mae

Miami,FL (PRWEB) May 15, 2013

Distressed debt investment experts, Apollo Financial Group demonstrate how Congressional Budget Office plan to cut home loan balances could work for Fannie Mae and Freddie Mac.

Apollo has been purchasing, selling and modifying distressed mortgage debt, creating win-win solutions for parties on both sides of the issue, and generating attractive yields for investors, while helping to ease the current burden facing U.S. taxpayers.

New debates are being fueled by the May 2013 release of a new Congressional Budget Office (CBO) report supporting the Treasury Departments push to force Fannie Mae and Freddie Mac to embrace principal forgiveness for home loan borrowers. The Federal Housing Finance Agency (FHFA) that regulates Fannie and Freddie has so far resisted the move, but this could change with President Obamas nomination of Rep. Mel Watt as the new head of the agency.

Coverage of the debate on the Wall Street Journal blog on May 6th, 2013 highlights the FHFA stance, whom has repeatedly argued that principal reduction of mortgage balances does not justify the costs and promotes moral hazard; encouraging more borrowers to strategically default on their loans.

Backing up the Treasurys proposed program, the CBO report identified significant government savings from allowing principal reduction on Fannie Mae and Freddie Mac loans. Depending on the exact execution of the initiative the report estimates the government could save almost $ 3 billion.

Government savings in the billions of dollars range could clearly provide significant potential relief for taxpayers as it trickles down and reduces the need to raise taxes further.

While the debates rage and decisions continue to be delayed New York based, Apollo Financial Group has already been proving that principal reduction can work for both note holder and borrower. As a substantial buyer of non-performing notes, Apollo makes it work as the note holder by working out favorable outcomes with homeowners to resolve the default. Spokesman for the Wall Street distressed debt investment, Dean Anastos says the companys proprietary model has proven extremely beneficial for all involved, while delivering superior returns to investors.

In fact, homeowners enjoy double tax benefits from this form of resolution. Not only does the government avoid major losses that would need to be padded by increased taxes, but the individual borrowers involved dodge huge personal tax bills by accepting loan modifications with principal reductions prior to the expiration of the Mortgage Debt Forgiveness Act.

On the flip side Apollo also empowers investors to achieve attractive yields, fuel wealth building and help the wider economy by alleviating the burden on tax payers, by becoming distressed debt note buyers themselves and tapping into the channels and relationships the firm has developed. Some of the recent media coverage of the firms progress can be seen in this video.

Those interested in finding out more about how note buying works and how principal reductions can be profitable for note holders will find more information on Apollo Financial Groups website http://apollofinancialgrp.com, where dates and locations of upcoming live educational events on the subject can also be found.







More Loan Modification Press Releases