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Search results for loan modifications

Why Banks Are Better at Making Loans Than Modifying Them

Lately the media and our government has been saying that we don't need anyone to help us modify a mortgage. They say we can either do it ourselves,[...] read more »
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Still Waiting For Your Loan Modification? You’re Not Alone - The Mortgage Guide

Consumer advocates tell homeowners that they can negotiate their own debt settlement terms and their own mortgage modifications without the help of a[...] read more »
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Qualifying For The New Foreclosure Relief Program

Help for the unemployed- Jobless mortgage holders can receive a three month temporary forbearance on their mortgage loan. Loan servicers participati[...] read more »
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Loan modifications that created more problems

CitiMortgage suggests two men modify their mortgages, then reports them as delinquent. They weren't. How their credit was damaged and how they strug[...] read more »
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Obama Plan To Convert Trial Mods To Permanent

The Obama administration announced a new program they call “The Mortgage Modification Conversion Drive” which seeks to pressure mortgage servicers in[...] read more »
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Reverse Mortgage Option Gaining Momentum, Seniors at Risk

More seniors are applying for reverse mortgages than ever before. This trend is gaining momentum as seniors are finding their retirement nest egg di[...] read more »
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Lenders Resist Making Home Affordable

The Treasury Department announced a total of 31,382 homeowners have received a permanent home loan modification since details of the program were ann[...] read more »
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Report: HAMP Program Only Making A Dent In Foreclosure Crisis

A report released this week says the nation’s foreclosure crisis is on the verge of deepening. This is according to the State Foreclosure Prevention[...] read more »
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Loan modifications may damage a homeowner's credit score

With millions of Americans struggling to pay their mortgages, many turn to loan modifications as a way to make their payments more affordable. What m[...] read more »
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Obama Administration and the Score Card on the Foreclosures Crisis

A monthly Scorecard on the Housing market by the Obama administration has reported that housing prices have stabilized but the market remains fragile[...] read more »
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HAMP is in denial

The strategy of HAMP has become one of denial, with banks apparently collaborating willingly. What will happen if the chickens finally come home to r[...] read more »
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