Mortgage Modification Milestone
Today the US Treasury passed a benchmark in its efforts to help troubled homeowners. Half a million borrowers have had their mortgage payments modified under the Obama administration’s Making Home…
Today the US Treasury passed a benchmark in its efforts to help troubled homeowners. Half a million borrowers have had their mortgage payments modified under the Obama administration’s Making Home…
Most of us have little trouble shopping for a car. When we compare mileage, horse power and options like power steering and transmissions, we get it. In fact teenage boys can…
Not all distressed borrowers can save their homes. As mortgage relief triage, the Obama Administration has emphasized loan modification and refinance , yet the effort is falling far short of the…
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…
One of the most significant factors in mortgage delinquency is whether or not a home is underwater. Some like University of Arizona law professor Roger Lowenstein in yesterday’s NY Times…
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…
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…
In contrast to an optimistic administration assessment, a Congressional oversight panel paints a gloomy picture of US government foreclosure prevention efforts. A newly released white paper questions whether the Making…
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…