Wednesday, March 25, 2009

Mortgage Relief Program

FTC: US Court Halts Sham Mortgage Loan Modification Operations
The complaints and restraining orders name Hope Now Modifications LLC, related entities and principals Nick Puglia and Salvatore Puglia as well as New Hope ...
Making Home Affordable offers mortgage relief
If you're confused by the new $75 billion mortgage loan modification program Congress just passed and that was signed by President Obama, ...
Miami Loan Modification Company Targeted Hispanic Residents
Bill McCollum, the Florida Attorney General, filed suit yesterday against Lincoln Lending Services LLC, a loan modification and foreclosure-rescue business, ...
Do loan mod companies help or hurt?
I'd like to hear from anyone who has hired a private company for help getting a loan modification ...
Congresswoman Doris Matsui Advocates for Increased Consumer ...
"Now many of these homeowners are seeking assistance in modifying their loans to more affordable loan terms. However, that has been a serious issue for many ...
Tags: loan mod companies

Choosing Loan Modification Companies


Loan Modification - What you can and should do! | Eugene Loan Guy
I have written before about the loan modification business and I think it will probably be quite big for the next several months, just from what I have seen so far from the housing plan. The Federal Reserve is telling people that loan modifications ... I think everyone in this situation should attempt to get the help they need using the free services first. Remember, there are requirements to make the program work: To apply for a Home Affordable Modification, you must: ...
Eugene Loan Guy - http://eugeneloanguy.com/
Public Private Investment Program | Bad Bank | New Homes Section Blog
Also in February, Timothy Geithner briefly announced the Financial Stability Plan, of which one portion of the plan, the loan modification program, has already increased mortgage refinancing by 30%. The remaining portion of the ...
New Homes Section Blog - http://www.newhomessection.com/blog/
DSNews.Com Default Servicing In Print and Online - Formerly REO ...
In addition to the new Public-Private Investment Program, these efforts include the Making Home Affordable refinancing and loan modification program, the launch of TALF to jumpstart secondary markets and support consumer and business ...
http://www.dsnews.com/
Help with Countrywide Modification - Loan Modification
We have been told by Countrywide before than we do not qualify for any of their programs b/c due to decrease in pay we are about $600 dollars negative every month and they want to see more income to modify our loan. ...
Loan Modification Forum - Loan Safe - http://www.loansafe.org/forum/
Freddie Mac Cuts Down Government Foreclosures
Freddie Mac has suspended government foreclosures for mortgage loans qualified for any of the housing schemes offered under Obama's program, the HOPE NOW program and other federal loan modification programs.
http://www.bankforeclosuresinformation.com/
President Obama's Loan Modification Program « Our Journey…
President Obama's Loan Modification Program. Posted on March 24, 2009 by Norton Cindy. President Obama has released the information regarding the new Mortgage Modification Program. This will help people who have lost their jobs and/or ...
http://journeytocanebay.wordpress.com/
IBM ships loan modification software (Finextra)
IBM (NYSE:IBM) today announced a new offering that enables mortgage loan servicers to process large volumes of loan modification requests with ...Source:IBM.
http://blog.yourfinancialissues.com/
Tags: Loan Modification Companies

Monday, March 23, 2009

Loan Modification Centers Opening

More Making Home Affordable Bologne...

Ask The Experts: Help with a Loan Modification
I've contacted my mortgage company to see if they will assist me in a loan modification but most of all the credit card balance keeps going up and up. ...
FBI Sees Rise In Loan Modification Fraud
Not all companies that offer loan modification programs are scamming customers; however, a homeowner will either qualify or not qualify for a modification. ...
Government Launches Site designed to Help Mortgage Troubles
Making Home Affordable is designed as an informative site with resources for qualifying for a loan modification, understanding your mortgage statements, ...
Chase opening loan modification center
Stockton Record - Stockton,CA,USA
By Bruce Spence STOCKTON - JPMorgan Chase, which merged last fall with Washington Mutual, is gearing up to launch a loan modification center in downtown ...

Treasury Programs Announced Purchase of Toxic Assets

The Making Home Affordable program is targeted toward some irresponsible home owners who need financial help

Federal Loan Modification Program
Eligible borrowers will have to provide their most recent tax return and two pay stubs as well as an "affidavit of financial hardship" to qualify for the loan modification program. In the affidavit, applicants will have to cite the ...  http://www.playavistablog.com/
Are You Eligible For The Government's "Making Home Affordable ...
The Federal government's "Making Home Affordable" program is targeted toward this home owners who need financial help. This set of solution is in the form of loan modifications and refinance. There is a new "Making Home Affordable" ... http://blog.bryanbomba.com/
Loan Modification Forms for the Obama program | Loan Modification ...
Well, you can get all of those benefits when you apply and qualify for the loan modification plan. This new program has made it easier than ever to prepare your own loan workout proposal and work directly with your lender. ... http://myloanmodificationcenter.com/blog/
FDIC Spearheads New Home Loan Modification Programs
Sheila Bair is the rather outspoken head of the Federal Deposit Insurance Corporation (FDIC), and for several months she has pressured banks and mortgage. Your Card Wisdom - http://creditduo.com/
Loan modification resources
My colleague John Mlnarik has begun a discussion of the Obama Treasury programs announced earlier in March on toxic assets. Now, we need the Senate to move on S. 61 and judicial mortgage modification. ... http://www.moranlaw.net/blog/
Mortgage Loan Modification Help for Save You Home
Modification of a mortgage is a permanent change in one or more of the conditions of your mortgage with your mortgage May be reused. (...) http://surebroker.net/
Tags: Toxic Assets

Friday, March 20, 2009

Mortgage Modification Model

Get guidance on mortgage troubles.

Got an ARM? Now might be the time to refinance
It's a new government Web site tells you if you qualify for special refinancing or a loan modification under the new program and helps you navigate the ...
Quantrix Develops Mortgage Modification Model to Help Lenders ...
Using techniques from the "Mod in a Box" loan modification model created by the FDIC in conjunction with user-provided and current-market data, ...
IndyMac Bank's new name: OneWest Bank
The management team has been working with the FDIC on a loan modification program to attempt to keep people in their homes.
US Site Offers Guidance on Mortgage Troubles
The site, MakingHomeAffordable.gov, provides homeowners with a general idea of whether they'll qualify for a loan modification or refinancing by answering ...
Examining the Making Home Affordable Program
The Home Affordable Modification Program seeks to align the interests of borrowers, lenders and investors when foreclosure is not preferable to loan ...
TNLMA™ Announces Launch of Certification Program for Loan ...
TNLMA.org) announced the launch today of a certification program to set standardized policies, procedures and a code of ethics for loan modification and ...
US Housing Officials Praise Obama Housing Plan
FHFA will create a special team of trained examiners to monitor the program, analyze any data and detect fraud. The loan modification program relies on a ...
Loan Modification Moving Forward Through San Gabriel Valley ...
PR.com (press release) - Levittown,NY,USA
San Gabriel Valley Mortgage's Loan Modification program is available in all of California. For more information call San Gabriel Valley Mortgage's office in ...
Tags: Mortgage Modification

Loan Modification - Negotiating with Your Lender

Increase your chances of modifying your home loan.

Get Your Loan Modification Approved With These Pointers
Now, we will deal with a few pointers to increase your chances of obtaining a loan modification. By knowing these little known facts you greatly step-up your chances of success. Let's check out a couple of tips. .... When thinking of a computer training program it's essential that the certification you'll be working towards appropriates with the working world. Additionally, you should make sure that your training will suit you, your personality and abilities. ...
Survey: Mortgage Servicers Back Obama Plan - Mortgages And Banking ...
Mortgage servicers who handle more than three-fourths of the nation's home loans intend to participate in the Obama administration's mortgage-modification program, according to a survey by the nonprofit group Acorn.
Mortgage Loan Modification Now Cheaper and ...
A new online service, ModificationSoft.com, is making it easier and more cost-effective for homeowners to modify their own mortgage loan. The unique do-it-yourself mortgage loan modification portal is designed to help homeowners lower ..
Loan Modification: negotiating with your lender | Loan ...
By admin
Many homeowners are under the impression that their lender will be willing to modify a mortgage in order to avoid foreclosure; however, lenders don't seem to be so accommodating. In fact, many aren't interested in dealing directly with ...
Tags: Negotiating with Your Lender

Thursday, March 19, 2009

Homeowners Facing Foreclosure

Freddie Mac and Fannie Mae are at it again.

Survey: Mortgage servicers back Obama plan
But other servicers say they are continuing to proceed with foreclosures on properties expected to be eligible for the loan modifications. ...
Non-profits help homeowners modifiy loans
Two non-profit organizations have teamed up to provide loan modification assistance for those homeowners who qualify. The purpose behind a loan modification ...
A different kind of real estate boom: loan modifications
"I see the loan modification business as a very strong business product for the next 36 months," he said. "The Obama program is just going to create more ...
FHFA Reports Q4 2008 Numbers To Congress
"I believe that the Making Home Affordable loan modification and refinance programs, building upon Fannie Mae and Freddie Mac's SMP, should cause loan ...
Tips for speeding up loan modification process
by Colton Shone/KTAR Trying to get a loan modification but are getting nowhere with your mortgage company? There are a few tips that might speed things up. ...
Local interest sparked over Obama housing program
Other institutions can sign up for the modification portion of the program, but they are required to modify all loans that meet the qualifications, ...
Struggling to stay afloat
CATCH 22: The Eyrichs immediately contacted their lender, Downey Savings & Loan of California, but were told they'd get no help on a loan modification until ...
Mortgage scams still out there
Even if you don't qualify for the latest housing program, you can still work with your lender. To get any sort of loan modification, consumers must have ...
Mortgage loan modification approval hard to get
We have been asking for a loan modification for our mortgage. We're 60 days behind on the payments. My lender says it can't be done. Is that true? ...
Homeowners Facing Foreclosure Are Educating Themselves About Loan ...
Even if a foreclosure notice has been received, homeowners can still request loan modification options during their process. Being proactive and staying ...
Tags: Loan Modification Boom

Safe Loan Modifications

California and Oregon doing refinancing.

Oregon Housing Blog: California Realtors ® Post of Table With Loan ...
The California Association of Realtors® have posted a MS Word document that attempts to compare the Making Home Affordable Loan Modification program with other existing loan modification programs. That document is part of a webpage with ...
Loan Modification Company Vs DIY Modification | Loan Modification Hope
Government-subsidized loan modification programs made it easier for struggling homeowners to modify their mortgages to an affordable rate & prevent foreclosure.
Financial Crisis News Center: FHFA Reports Show Growing Numbers of ...
"I believe that the Making Home Affordable loan modification and refinance programs, building upon Fannie Mae and Freddie Mac's SMP should cause loan modifications to accelerate. These more aggressive modifications should help lessen ...
Tags: California

Wednesday, March 18, 2009

Loan Modification Loophole

Do you need an attorney involved in your altered loan?

Oregon Housing Blog: California Realtors ® Post of Table With Loan ...
The California Association of Realtors® have posted a MS Word document that attempts to compare the Making Home Affordable Loan Modification program with other existing loan modification programs. That document is part of a webpage with ...
Loan Modification Loophole Leaves Taxpayers on the Hook, Again ...
Much like the "overlooked" loopholes that allowed bonus payments, in excess of $160 million, to be paid to employee's of Goldman Sach's and AIG, the Obama loan modification program sets up the same windfall profit situation, ...
Financial Crisis News Center: FHFA Reports Show Growing Numbers of ...
"I believe that the Making Home Affordable loan modification and refinance programs, building upon Fannie Mae and Freddie Mac's SMP should cause loan modifications to accelerate. These more aggressive modifications should help lessen ..
Government Mortgage Assistance Programs in 2009 - A Homeowner's Guide
Option 'A' — Mortgage Modification. If you are currently in default on your home loan, or at risk of defaulting soon, this is the government assistance program you should look into. Here are the pertinent details. ...
Enrich your Financial Knowledge » Blog Archive » Loan Modification ...
A home loan modification process is more likely to succeed when carried out by an experienced attorney, who will reach an objective deal instead than the person who stands to lose its most valuable asset: His (Her) HOME. ...

Tags: Mortgage Loan Modification Loophole

Frequent Questions About Mortgage Modifications

More on the Making Home Affordable initiatives.

Views: LOAN MODIFICATION PROGRAM ...
Below is information about Countrywide Loan Modification programs. Please review and I hope you find this helpful! Jeff Cameron Countrywide Financial (Bank of America) Program What is the Countrywide Financial (Bank ...
Is My Loan Eligible for Modification Under the ...
Loans are eligible for only one loan modification under the program. Subordinate liens (such as second mortgages or home equity loans or lines of credit) are not included in the Front-End DTI calculation, but they are included in the ...
10 Frequent Inquiries About Mortgage Modifications
1. What is a loan modification program? A mortgage modification program is an adjustment in the terms of your current house loan that allows you a manageable.
GSEs Issue Guidance on Home Affordable ...
On March 11, 2009, Freddie Mac issued Bulletin 2009-6 giving its servicers guidance on the Home Affordable Modification Program, one of the programs under the Obama Administration's Making Home Affordable initiatives. ... Bulletin reconfirms its policy directing servicers to suspend foreclosures where the borrower may be eligible for a loan modification until the servicer determines whether the borrower is eligible for this or any other Freddie Mac workout program. ....
Tags: Mortgage Modifications

Loan Modification from Your Lender

Modification workshops starting to pop-up.

Small businesses can benefit from stimulus
Other workshop topics will include: managing your business debts; requesting a loan modification from your lender; requesting an adjustment of your existing ...
Saving family homes: Is your client eligible for mortgage ...
The second phase of the program is the Home Affordable Modification Program. To be eligible for this phase of the program: The loan must have been ...
Home Loan Modification Can Be Free; Some Fee-Based Services Illegal
So she was thrilled when a company called to offer loan modification, until she heard how much it would cost. "It would cost a mortgage payment up front, ...
Stay Away from Mortgage Modification Funny Business
"Homeowners need to know that they don't have to pay that kind of money to qualify for these loan modification programs," says Ruth Susswein, ...
Plan Free Loan Modification Seminar
Learn if qualified for the newly launched "Home Affordable Modification Program enacted by Congress and signed by...
Tags: Home Affordable Modification Program

Tuesday, March 17, 2009

Loan Eligible for Modification

Debt to Income Ratio is important for loan modification.

Loan Modification Searches Go Parabolic - Making Home Affordable ...
Some of the features of the new loan modification program include reducing the interest rate to as low as 2%, increasing the mortgage term to 40 years and possibly reducing the principal balance of the mortgage loan. ...
Realty Times - Is My Loan Eligible for Modification Under the ...
Loans are eligible for only one loan modification under the program. Subordinate liens (such as second mortgages or home equity loans or lines of credit) are not included in the Front-End DTI calculation, but they are included in the ...
Understanding Debt-To-Income Ratio | Loan Modification Blog | Keep ...
When applying for a loan modification, your debt-to-income (DTI) ratio is the key to calculating an affordable house payment. ... The government's Home Affordable Modification Program accounts for both front-end and back-end DTI ratios. When attempting to reach the 31% Target Front-End DTI, the focus is only on the first mortgage:. For qualifying homeowners, the lender will have to first reduce payments on the first mortgage to no greater than a 38 percent front-end DTI ...
Home Loan News: Mortgage Loan Modification Now Cheaper and Easier ...
Las Vegas (PRWEB) March 17, 2009 -- Homeowners wanting to reduce their mortgage payment and avoid foreclosure can now take advantage of a new mortgage loan modification service at...
Tags: Loan Eligible

Short Sale / Loan Modification

Monthly mortgage payments can significantly lower .

Vail Valley: Should you get your mortgage loan modified?
Let's look this week at mortgage modifications. As most people have heard, the latest push to stabilize the housing market is a loan modification program to ...
Faces of foreclosure: Chris and Marcia Parker
HSBC said, in a statement: "Under our foreclosure avoidance and account modification programs, in 2008, we modified approximately 92500 loans with a dollar ...
Loan Modifications Can Reduce Foreclosures, Study Says
Letting homeowners reduce their monthly mortgage payments can significantly lower the rate of defaults compared with loan modifications that ...
New Jersey Cracking Down On Mortgage Fraud
Since at least November 2008, Hope Now Financial has advertised loan modification services through a Web site 
Obama mortgage plan viewed as big help
She recommended that homeowners contact their lenders as soon as they start having financial problems and ask if there are any loan-modification programs ...
Loan Modification Software for streamlining loan mods.
Loan modification software has entered a new phase for managing, calculating, sending, packaging each loan mod for successful loan mod completion. ...
Short Sale / Loan Modification
Are you worried about having a foreclosure on your credit report for the next 10 years? under that mortgage, with absolutely no cost to you! ...
Tags: Short Sale / Loan Modification

Mortgage Loan Modification Advice

$100 billion foreclosure prevention program,

How Loan Modification Works | The Freedom Factory
The modification process starts with your lender. When an agreement is signed between you and your lender and if the lender finds you to be eligible for the loan modification program, he refers your mortgage modification to the loan ..
Mortgage Loan Modifications Critical to Obama Rescue Plan
The federal government is in the process of devising a $100 billion foreclosure prevention program. Public details on the program aren't yet available, but it's widely believed that loan modifications will play a central role. ...
federal loan modification llp Complaints - fraud
federal loan modification llp Complaints: fraud. Other. ... federal loan modification llp Complaints - fraud. Review all federal loan modification llp complaints. federal loan modification llp. Posted: 2009-03-16 by, angel slater. fraud ...
NJ HELOC Heaven: Obama's Housing Plan Complexities
The federal loan modification and refinancing programs are expected to help keep a mass of people in their homes and potentially protect neighborhoods from the blight of vacant and vandalized homes. But what about jump-starting the ...
Demand Grows for Workout Specialists as Delinquencies ...
Freddie Mac announced it is suspending foreclosure sales on mortgages eligible for the Home Affordable Modification Program as part of the Obama Administration's Making Home Affordable plan. ... Pressure is mounting to restructure or workout loans that are delinquent or likely to default. Executive search firm, A.E. Feldman, says the trend is creating opportunities for candidates with expertise in underwriting, restructuring, valuation and loan workouts. ...
Tags: Mortgage Loan Modification Advice

Monday, March 16, 2009

Loan Modification Considerations

Loan modification program runs into significant obstacles.

Desperate homeowners easy prey for scammers
President Obama approved the new federal loan modification program. We can help lower your mortgage payment." It's the foreclosure-rescue scheme, ...
North Carolina foreclosure program runs into 'significant obstacles'
Triangle Business Journal - Raleigh,NC,USA
Some banks and private lenders also have loan modification programs that have helped. The North Carolina program begins with a mortgage servicing company ...
Loan modification aid available
... banks are standing in the ready to offer free advice on ways troubled homeowners can be considered for these refinancing or loan modification programs. ...
Loan Modification Considerations
The Arizona Society of Certified Public Accountants will be hosting a seminar on Foreclosure and Mortgage Loan Modification Considerations on May 19, ...
Tags: Loan modification aid

Making Home Affordable Program

The Fannie and Freddie mass refinance ...
That's right, there are two programs, one is a loan modification plan - that is the one that could get your interest rate down to as low as 2% and/or forgive mortgage principal. Generally, to qualify for the modification plan you have ...
How To Do Loan Modification Without Losing Gobs Of Money | Debt Be ...
By Victor Drakemeyer
Loan modification was invented to give homeowners an option besides filing for foreclosure. A loan modification basically means asking the lender to change the terms of ...
Tags: Making Home Affordable Program

Sunday, March 15, 2009

Loan Modification Scams

Avoid refinace rip-offs.

How To Avoid Common Loan Modification Scams
This option is loan modification. A loan modification means you make a deal with your lender to permanently change the terms of your mortgage. Oftentimes, this means lowering the interest rate. Also, extending the time of the loan is ...
Boston Gal's Open Wallet: The Fannie and Freddie mass refinance ...
That's right, there are two programs, one is a loan modification plan - that is the one that could get your interest rate down to as low as 2% and/or forgive mortgage principal. Generally, to qualify for the modification plan you have ...
Avoid The Con Men When Doing A Loan Modification | Finance
When the banking companies started to go under, many homeowners needed to look for an option besides foreclosure. This option is loan modification.. A loan modification basically means asking the lender to change the terms of your ...
How To Do Loan Modification Without Losing Gobs Of Money | Debt Be ...
Loan modification was invented to give homeowners an option besides filing for foreclosure. A loan modification basically means asking the lender to change the terms of ...
Tags: Loan Modification Scams

Mortgage Desperation

First mortgage modification program may just help bank.

Housing Market Crisis Prompting Renewed Focus on Electronic Mortgages
"They have discovered that having the ability to securely post documents online within minutes after the borrower has been qualified for a loan program has ...
Details are vital in president's mortgage relief proposal
... in the modification program. And what happens to lenders who simply refuse to refinance or modify a borrower's loan under the president's plan? ...
What Would Horatio Alger Do?
"There is a lot of what appears to be illogic going on in the whole loan modification process," Strupp said. "My theory is that one of the reasons it isn't ..
Tags: Mortgage Desperation

Foreclosure Prevention

Loan modification may help prevent foreclosure.

Realty News Now | WeSaveHomes.com Named Leading Foreclosure and ...
To learn more about the WeSaveHomes.com loan modification program and the services that earned them this high ranking in our industry review please visit them directly at . ...

Loan Modification & Foreclosure Prevention (You DONT Need to Pay ...
While it is true that lenders do not need to accept loan modification programs, many lenders are getting smarter and negotiating a win-win situation for both parties. However, it is the lender's ultimate decision to accept or reject the ...
The Loan Modification Forum: Loan Modification Glossary of Terms
By Peter Collins
Hot topics include; loan modification, mortgages, refinance, loan modification companies, foreclosure, ARM's, foreclosure process, loan modification programs, FHA, loan modifcation attorney's, FDIC, Fannie Mae, loan modification ...
Tags: prevent foreclosure

Home Loan Relief

The federal plan to help you avoid foreclosure.
The loan modification program is funded by $75 billion allocated under the Troubled Assets Relief Program, which was created in October when the Emergency ...
$75 Billion Program to Keep Homes Affordable
If you are delinquent on your loan or on the verge of foreclosure, there is a loan modification program. Ishima says, "So what they wanted to do is take ...
State auditor urges caution on loan modifications
Consumers are receiving calls from "loan modification" firms - the type that advertise they will negotiate with creditors to get their loan balances and ...
Scam Artists Target At-Risk Homeowners
SACRAMENTO, CA - Scam artists are defrauding some homeowners of thousands of dollars for non-existent loan modification services, warns California Attorney ...
The federal plan to help you avoid foreclosure
Law adds that, although applying for a mortgage modification can be stressful, remaining polite can go a long way with busy servicers. ...
Woman says ray of hope was trick
A call to Hope Now yesterday yielded a recorded message that billed the company as the "nation's largest premier loan-modification center. ...
Tags: Home Loan Relief

Friday, March 13, 2009

Mortgage Workout Programs

Home Loan Relief

Ohio.com - Home loan relief becoming available
The loan modification program is funded by $75 billion allocated under the Troubled Assets Relief Program, which was created in October when the Emergency Economic Stabilization Act of 2008 was enacted. ...
Real Estate in the Napa Valley: Mortgage Workout Programs
Homeowners having difficulty meeting their mortgage obligation or interested in finding out more about a loan modification program should start by contacting their lender. Prior to calling a lender or loan servicer, homeowners should ...
Lowering Mortgage Payments via Loan Modification: Obama's "Making ...
Lenders are not forced to participate in MHA loan modification. They are asked to analyze whether modifying the loan as described above would be more profitable than foreclosure, and to choose the more profitable option. ...
Wells Fargo Loan Modification - Important Debt Ratio Qualification ...
Confused about whether you can qualify for a Wells Fargo loan modification to lower your mortgage payment? Homeowners facing financial difficulties may apply for a loan workout to lower their monthly loan payment to help them to stay in ...
Tags: Home Loan Relief

New Refinancing Program

Program is designed for those who live in their homes.

How is the new loan modification program different? | fazamigos.com
A lot of it has to do with putting more effort into a nationwide loan modification program that will help alleviate some of the financial pressure that most middle-class Americans are feeling right now. Sounds kind of bogus to me, ...
CENTURY 21 JRS Realty: Will This Help Our Industry?
Administration officials made a point of noting that the loan-modification program will not aid people who bought homes merely as investments; the program is designed for those who live in their homes. ...
Get Paid $1000 Per Loan Modification! - Obama's $75 Billion ...
Earlier even loan modification did not reduce the amount payable in the monthly payments. As a result every soon the home owner lands up in a default again. The new plan clearly states that when ever the mortgages are restructured, ... They are all paid by the federal government in order to run the programs for the help of home owners in trouble. Actually these non profit organizations sign a contract with hundreds of other counseling services in the country to negotiate ...
Update on the Homeowner Affordability & Stability Plan « Bend ...
Home Affordable Modification Program - This $75 billion program provides loan modifications at no cost to borrowers who are at risk of default or already in default, and are experiencing a hardship. Loans eligible for the modification ...
How To Do Loan Modification Without Losing Gobs Of Money
Fast results and guarantees are precisely what most people are looking for when trying to do mortgage loan modification. If you get a guarantee, you can be almost one hundred percent sure it's a scam. Because the loan modification is ...
Tips To Avoid Loan Modification Swindles
Loan modification is not an entirely new process in the mortgage world, it just became a lot more popular after recent events. In order to be able to pay the monthly costs, you request your lender to change the conditions of your ...
Real Estate in the Napa Valley: Understanding the Housing Stimulus ...
There is a cash incentive to cooperate in the loan modification program that will be paid by the FED to the 2nd lien holders; perhaps this will be allowed in the refinance program, too. Key Loan Modification Details: ...
Real Estate Blog - Obama Plan ............... New Refinancing Program
I actually have higher expectations for this part of the plan then I do for the Loan Modification part. This part of the plan stands a chance to actually help those who have good credit and have little to no equity in their property. ...
Tags: Loan Modification, Rip-Off, Swindles

Foreclosure and Loan Modification Scams

What you need to know to avoid getting ripped-off.

Field day for foreclosure and loan mod scams?
Foreclosure and loan modification scams are the focus of a couple stories this week. The Associated Press' "Cons working foreclosure scams rarely go to ...

Beleaguered Homeowners, Help Is Here
In the case of both the refinance program and the modification program, the person must be applying for help to pay the mortgage on an owner-occupied ...
Are Investors Holding Up Loan Modifications?
B of A is participating in the Obama administration's Homeowner Affordability and Stability Plan, specifically in the Home Affordable Modification Program. ...
Ocwen Financial Q4 2008 Earnings Call Transcript
Included in this plan is the Home Affordable Modification program. In short, the program establishes guidelines for modifying first lien owner occupied home ...
Sun American Bank modifies loan, cures default
In a Securities and Exchange Commission filing Wednesday, Sun American (NASDAQ: SAMB) said it signed the loan modification agreement with Silverton Bank on ...
Solomon Financial Has Created a Program to Determine
This is a $75 billion bailout geared towards refinancing / loan modification. So the additional questions are: How do you know how to figure out a 31% front ...
It's Your Money: Mortgage Modifications
"A loan modification is more complicated; it means actually changing the terms of your loan." Homeowners who are struggling to make their payments because ...
Riverside/San Bernardino counties ranked sixth nationwide in ...
The new state law will impose a 90-day delay of foreclosures on financial institutions that do not already have comprehensive loan modification programs. ...
Jim Porter: Call to action Sunday; new foreclosure laws
It does not apply if the lender has recently adopted a comprehensive loan modification program that has been approved by one of the Commissioners mentioned ...
The Litigation Section of the State Bar of California announces a live webinar entitled "Loan Modifications, Short Sales, Foreclosures - Do's and Don'ts for ..,
Tags: Foreclosure, Home Loan, Mortgage Modification

Thursday, March 12, 2009

Loan Modifications for Home Mortgages

Are they good for the country?

Is Loan Modification Enough? | The American Prospect
Nonetheless, the administration does provide incentives for mortgage lenders who wish to write down principal, although it is unclear if many lenders will participate in that program. The loan-modification plan also provides for an ...
Real Estate Blog - Obama Plan ............... New Loan ...
Here is some great information from a fellow George on the loan modification program. As you can tell he is being very adamant that he is not endorsing it. I think it is a good start but apparently it is not a whole lot different from ...
Atlanta Loan Modification Programs « Tbermeo's Weblog
on your first mortgage is about the same or less than the current value of your house. If you answered YES to all the question above then you could qualify for a Loan modification. Program. Call us today so we can help you. ...
Real Estate Blog - Travis' Video on "The Home Affordable ...
Well here is part II to my updates on the Obama's administration "Making Home Affordable Program" on the loan modification or "The Home Affordable Modification" program. The pitfalls are wide and deep as we are finding out and there is ...

Obama's Loan Modification Plan Doesn't Reach Enough People ...
The problem with this part of the program is that there aren't 5 million Fannie Mae and Freddie Mac loans that would be eligible under the program's criteria for refinancing. To be eligible for refinance the mortgage must fall between a ...
Loan Modifications-Can We Fix Your Non-Performing Mortgage ...
Loan Modifications - Who Qualifies? Not which most at all. When the module initial started, it had 49 applicants. None of them were approved. FHA Secure Program Designed To Help Home Owners, Non Performing Mortgages Included ..
Tags: mortgage loan modification