Articles by Subject

Personal Spending Falls Even as GDP Rises

By:
Kirk Haverkamp - MortgageLoan.com | 10/30/2009 - 1:05am

Personal incomes and spending fell in September, even as a rise in the gross domestic product has economists declaring that the recession has ended.

Six Bad Reasons Not to Seek Foreclosure Assistance

By:
Kirk Haverkamp - MortgageLoan.com | 10/01/2009 - 12:56am

With the economy in the shape it is, a lot of people need help in obtaining a loan modification or pursing other steps to avoid foreclosure. But while there are a variety of resources to help at-risk borrowers with their mortgages and hold on to their homes, many of them are too intimidated to take advantage of them.

Long-term Affordability in a Loan Modification

By:
Kirk Haverkamp - MortgageLoan.com | 08/21/2009 - 12:45am

Getting a mortgage loan modification can be a big help when you're in tough financial straits. However, the mere fact that you've been able to get a loan mod may not by itself be enough to ensure that you can stave off foreclosure.

Getting a mortgage loan modification can be a big help when you're in tough financial straits. However, the mere fact that you've been able to get a loan mod may not by itself be enough to ensure that you can stave off foreclosure. You have to get a good one that suits your circumstances.

FHA to Begin Offering Makng Home Affordable Loan Modications

By:
Kirk Haverkamp - MortgageLoan.com | 07/30/2009 - 12:38am

Until now, financially pressed homeowners with an FHA-backed mortgage couldn't obtain a loan modification under the generous terms of the government's Making Home Affordable Program (MHA). But that's about to change.

Some Lenders Farming Out Loan Modification Work to Third Parties

By:
Kirk Haverkamp - MortgageLoan.com | 07/29/2009 - 4:09am

An increasing number of mortgage lenders and servicers, mostly smaller ones, are turning to third-party loss mitigation companies to assist them in working out loan modifications for customers who are falling behind on their mortgages.