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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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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Tuesday, August 4th, 2009
Florida Loan Modification companies is under attack by Florida's Attorney General for allegedly collecting nearly one million dollars in illegal upfron fees for faulty loan modification services by desperate homeowners. Good work guys (sarcasm font on)!
Jason Vitulano is the owner of the four companies that solicited hundreds of distressed homeowners ...
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Tuesday, August 4th, 2009
FHA loans (Federal Housing Administration) will be eligible for rate reductions similar to the Obama loan modification program currently in use for conventional loans.
As of August 15, 2009 distressed homeowners that have FHA loans may be able to refinance in order to avoid foreclosure.
The FHA mortgage modification program will work ...
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Tuesday, August 4th, 2009
According to a recent Treasury Department report, Bank of America and wells Fargo were the worst performers among the biggest U.S. banks in modifying loans for homeowners facing foreclosure. 4 percent of Bank of America's loans were eligible for mortgage modifications, or nearly 30 thousand loans in all. Compare that ...
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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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Sunday, July 19th, 2009
It turns out that our military veterans are vulnerable homeowners, too, and are turning to loan modifications. Well, join the party. Many veterans don't qualify for VA refinancing and loan modification options may be the best alternative for affordable home financing.
If you are a vet paying the mortgage on time ...
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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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Wednesday, June 17th, 2009
Check out the diagram below as highlighted by the Huffington Post. It is a list of the strongest and weakest areas in terms of being affected by the recession. The study was down by the Brookings Institution. They looked at employment, unemployment, rates, wages, gross metropolitan product, housing prices and ...
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