Washington Pushes for Permanent Loan Modications
When the carrot doesn’t work, apply the stick. On Monday, the Obama Administration started to enforce new rules to compel loan servicers into modifying more delinquent mortgages and converting the…
When the carrot doesn’t work, apply the stick. On Monday, the Obama Administration started to enforce new rules to compel loan servicers into modifying more delinquent mortgages and converting the…
When I first got a place of my own, I was told that a week of income should cover my housing expenses. Today, the US Department of Housing and Urban…
Yesterday the Federal Trade Commission, in a unanimous 4-0 vote sought to protect distressed mortgage borrowers from one of the biggest sources of fraud in the loan modification business, charging…
Despite a concerted effort by the Obama Administration with its Making Home Affordable Program to modify and refinance home loans, data released this week shows that only 9% of the…
From your perspective as a distressed homeowner with a jumbo loan, the task can seem daunting. You don’t qualify for the Obama Making Home Affordable plan. There’s a good chance…
Most programs developed by the Obama administration and mortgage lenders require the homeowner to demonstrate a ‘hardship’. A hardship is the term lenders use to differentiate between a homeowner whose…
You’ve cut back where you can, but you’re still having trouble paying the biggest bill of the month, your house payment. You’ve heard about mortgage relief and know it could…
Unfortunately, some of the same people who got us into the mortgage crisis, are now posing as experts to get us out. At the height of the real estate bubble,…
On Friday, the US Treasury Department reported that by pressuring mortgage lenders, it has doubled the number of temporary loan modifications made permanent. As of December 30th, 66,465 distressed borrowers have…
Yesterday the Federal Trade Commission, in a unanimous 4-0 vote sought to protect distressed mortgage borrowers from one of the biggest sources of fraud in the loan modification business, charging…