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…

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…

The Obama Affordability Plan offers financial incentives to mortgage lenders to modify home loans until the Housing to Income Ratio (HTI) is down to 31% of a homeowner’s gross monthly…

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…