Search for Article...
19 March 2010
Wells Fargo has become the second bank to agree to modify second-lien mortgages under the government's Home Affordable Modification Program (HAMP) providing mortgage relief for at-risk homeowners.
Read more
17 March 2010
Nearly 100,000 homeowners obtained private mortgage loan modifications in January, the HOPE NOW alliance has announced.
Read more
15 March 2010
An additional 54,000 homeowners received permanent loan modifications in February under the government's Home Affordable Modification Program (HAMP), bringing the total to 170,000.
Read more
29 January 2010
The Treasury Department is simplifying and standardizing key documents needed to apply for loan modifications under the government's Home Affordable Modification Program (HAMP), in hopes of speeding approvals for homeowners seeking mortgage relief.
Read more
22 January 2010
A task force of state attorneys general and banking regulators is calling for principal reductions on "underwater" mortgages in order to stem foreclosures in areas that have experienced steep declines in housing values.
Read more
15 January 2010
What are some of the main reasons people are turned down for loan modifications? Aside from the obvious - like not enough income to maintain even a modified payment schedule - there are any number of less apparent reasons that can trip up someone who otherwise might be able to...
Read more
5 January 2010
Mortgage loan modifications have been big news lately.Unfortunately, that's largely because of all the difficulties homeowners are having getting one.What can you do to improve your odds of being approved?.
Read more
29 December 2009
The combination of falling incomes and home values has many homeowners seeking loan modifications to lower their monthly mortgage payments.And while saving money is always a good thing, some may wonder - are there any downsides to getting a loan modification?.
Read more
21 December 2009
A new online service to help homeowners submit and track the documents needed for a government-backed mortgage loan modification has been launched by HOPE NOW, a coalition of mortgage companies and credit counseling agencies.
Read more
9 December 2009
Are you one of the lucky ones who's been able to lower your monthly mortgage bills through the government's Making Home Affordable (MHA) Program? Well, you may not be out of the woods just yet - lenders are reporting that large numbers of borrowers who obtained trial loan modifications under...
Read more
23 November 2009
The following are additional resources that homeowners may turn to for assistance and information on mortgage loan modifications and related issues.
Read more
23 November 2009
On legal matters, a borrower’s most reliable source of information is always to consult with an attorney who is knowledgeable about real estate and mortgage law.However, the following is general overview of some of the relevant legal issues.
Read more
23 November 2009
Borrowers who are unable to obtain a loan modification or refinancing have other options which can either stop or avoid the foreclosure process.
Read more
23 November 2009
What is the success rate of loan modifications?.
Read more
23 November 2009
Loan modification fraud is a particular problems during economic downturns, when increasing numbers of homeowners are facing foreclosure and/or bankruptcy.
Read more
23 November 2009
Loan modification services are companies that homeowners hire in order to help them negotiate a loan modification with their lender or servicer.
Read more
23 November 2009
Below is a list of nonprofit organizations that can offer assistance to homeowners looking to start the mortgage modification process, but who may be unsure as to where to start.
Read more
23 November 2009
Each major lender and bank has a specific mortgage loan modification program that they use when working with borrowers.
Read more
23 November 2009
While there are great loan modification resources that are available at the state level, looking locally is a good idea as well.
Read more
23 November 2009
Foreclosure processes vary from state to state, and homeowners faced with the possibility of facing foreclosure should find out how the process works in their state.Each state also has resources that homeowners can draw upon.
Read more