Archive for June, 2009

Loan Modification Requests Imploding in California

Wednesday, June 24th, 2009

California loan modification requests continue to be reported with increasing volumes.  Many California homeowners need jumbo mortgage refinance loans, but they do not qualify as the jumbo lending has tightened significantly. Governor Schwarzenegger implemented another California foreclosure moratorium to help distressed homeowners in his state, but is it helping? Many Wall Street analysts covering the home-builder [...]

Refinance or Modify with Obamas Making Home Affordable Program

Thursday, June 4th, 2009

Zions Bank and Keller Williams Real Estate are sponsoring an information session on June 9th to inform people about refinancing and loan modification options with President Barack Obama’s Making Home Affordable program.   According to Mike Barnes, most home owners will qualify for some part of the foreclosure prevention program. He calls it exciting and beneficial. [...]