Friday, November 6th, 2009
Fannie Mae is now saying it will rent homes to borrowers facing foreclosure under a new program that should help prevent foreclosures, vandalism and theft that occurs on newly vacant and foreclosed properties.
If you do not qualify for a loan modification than you can rent your home at market price, ...
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Monday, October 12th, 2009
The old saying went something like this: What's good for General Motors is good for America. With the GM debacle I'm not sure how that applies. But I know when Treasury Secretary Timothy Geithner is happy, America is happy. Right now he is singing praises about the loan modification results ...
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Friday, August 28th, 2009
A couple Florida mortgage modification companies are being investigated for their ties to law firms. Consumer advocates claim partnerships between loan modification firms and lawyers might be designed to avoid rules that state you can't accept upfront money for mortgage services.
The First Legal Group, which also operated as Nationwide Home ...
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Friday, August 28th, 2009
Home foreclosure rates keep on climbing, ensuring that the market is ill with bank owned properties. Average Americans are now driving up foreclosure numbers, not the irresponsible few like the sub-prime folk who have been blamed repeatedly. Now it's people with solid credit who are making things worse, which is ...
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Monday, August 24th, 2009
Loan Modifications have been extended by The Treasury Department for over 400,000 people it was announced today. More than 230,000 trial modifications have begun through the Making Home Affordable Program.
In the next three years they are now estimating 3-5 millions homeowners could be assisted in total. The goal; avoid ...
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Monday, August 10th, 2009
I've now spoken with a few 'insiders' that have expressed frustration about the loan modification process. The time it takes to process along with the frustrated borrowers issuing complaints in record amounts has lead to a stoppage in practice by money lawyers and agents alike.
This tell me a few things. ...
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Tuesday, July 21st, 2009
Are you disgruntled because all of the savings go to homeowners who face foreclosure, through loan modification and other means? It's ok, the Obama administration is ready to roll back the prices on you too. THINK GREEN. Here are some numbers to chew on.
The Numbers
$70 million are going to ...
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Monday, July 6th, 2009
The Huffington Post has an interesting article on the some of the problems of Obama's Homeowners bail out plan that incorporates Loan modifications .
The biggest issues had to do with the difficulty it is to navigate through the loan modification process. Lost paperwork and miscommunications are among the complaints. The ...
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Saturday, July 4th, 2009
Loan Modification has increased in the first quarter, according to a government report, but borrowers are still falling behind on mortage payments.
Comptroller of the Currency and the Office of Thrift Supervision released the report finding that loan modifications jumped 55% from the previous quarter and 172% from a year ago.
Borrowers ...
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Tuesday, June 2nd, 2009
In many ways, the economic crises has been a result of the downward spiral of human decency. Call it greed if you want but some people are not behaving intelligently in the quest for money. First consider the subprime mortgage sharks that helped get us into this mess and ...
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