‘Loan Modification’ Category
Wednesday, June 10th, 2009
I'm kind of a bad listener. Always have been, always will be. There is not medication that will make me listen. Really, the only chance you have of me listening is if you are interesting, amusing or intelligent--at the right moments.
The moment is now for Robert Shiller (The guy on ...
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Tuesday, June 9th, 2009
Uh-oh. 'Liars Poker' author Michael Lewis talks to CNN's Fareed Zakaria about the economic crises and Wall Street. Here are some fun quotes and a video. Interesting perspective indeed. I think everyone has an uneasy feeling he may have a point.
Embedded video from <a href="http://www.cnn.com/video" mce_href="http://www.cnn.com/video">CNN Video</a>
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Friday, May 15th, 2009
Right now there is a bank crisis. Surrounding a banking crisis is normally a 5 year dip in properties values. It's interesting to consider because this would meanthousing prices won't stop dropping for another 2 years, or the summer of 2011. In addition, stocks and bonds will also dip in ...
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Wednesday, May 13th, 2009
Predatory lending helped get us into the housing crises mess. A mess that includes a growing number of foreclosed homes and homeless, unemployed Americans. Now some of the same people responsible for the shady subprime lending practices are taking advantage of those looking to loan modifications.
Millions of Americans are looking ...
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Tuesday, May 12th, 2009
In order to help homeowners avoid foreclosure through Loan Modifications, the Obama administration recently added two more elements to its homeowner assistance program, offering to help more borrowers and encouraging investors to offload more of their riskiest morgages onto the taxpayers.
The original Making Home Affordable program that the Treasure Department ...
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Sunday, May 10th, 2009
An estimated 7-9 million homeowners are elegible for a mortgate modification. Also kn0wn as loan modifications, Obama's plan has set foot as Chase Bank modified 15,000 home loans last week.
Bank of America began reaching out to at-risk borrowers in early April and has sent out 100,000 letters to borrowers who ...
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Sunday, April 12th, 2009
Q: How can I find out whether I will qualify for help with my mortgage under the Obama administration's plan?
A: The administration's housing plan provides two types of assistance that are designed to help make mortgages more affordable for up to 9 million homeowners: refinancing and loan modification.
Special refinancing program. ...
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Thursday, March 26th, 2009
This article is courtesy of CNNMoney.com --
Mortgage modifications have a bad rap, yet President Obama is depending on them to stop the foreclosure crisis.
Modifications continue to be pushed as the best way to get struggling borrowers back on their feet. The jury is out on whether modifications work long-term. One ...
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