Archive for the 'Published Loan Relief Articles' Category
Thursday, February 4th, 2010
Banks are now required to extend a lot more than a loan modifications. As a result of the federal Protecting Tenants in Foreclosure Act, states across the country are passing similar legislation that makes home lenders obligated to maintain home foreclosures from the time of the judgment of foreclosure through the closing of the sale. [...]
Filed under: Foreclosure news, Mortgage News, Published Loan Relief Articles, home foreclosures, home loan modification | No Comments »
Monday, August 17th, 2009
The delinquency rate on U.S. home loans reached an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning to turn the corner. Data provided by credit reporting agency Trans Union shows the ratio of mortgage holders who are 60 days [...]
Filed under: Foreclosure news, Mortgage News, Published Loan Relief Articles, foreclosure prevention | No Comments »
Thursday, July 23rd, 2009
Massachusetts foreclosure petitions in June jumped to 2,835 – more than eight times higher than the 350 petitions in June 2008 and 21.7% higher than the 2,329 filings in May, said the Warren Group, which added that the number of petitions to foreclose in June was the highest it’s been in the previous 13 months. [...]
Filed under: Featured Articles, Foreclosure news, Mortgage News, Published Loan Relief Articles, foreclosure prevention | No Comments »
Thursday, July 23rd, 2009
Let’s be honest… There can be no denying the fact that the US government is not in favor of forcing homeowners out of their homes, even when they are in home loan default and facing foreclosure. Legislative bodies in Washington, Fannie Mae and Freddie Mac, have taken action with home loan modifications to stem the foreclosure crisis [...]
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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 [...]
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Sunday, March 8th, 2009
The Associated Press reported that the Obama administration rolled out a new loan modification program Wednesday designed to help up to 9 million borrowers stay in their homes through mortgage refinancing or mortgage loan modification plans to lower mortgage payments each month for the remainder of their loan terms. Borrowers, however, are being advised to [...]
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Tuesday, March 3rd, 2009
The number of people who were late making their mortgage payments shot up 53 % in the fourth quarter of 2008 from the same period in 2007, according to data provided by TransUnion LLC. The credit reporting agency said its database shows delinquencies — or the %age of mortgage holders at least 60 days behind [...]
Filed under: Foreclosure news, Published Loan Relief Articles, foreclosure prevention | 1 Comment »
Thursday, February 26th, 2009
In a recent Bloomberg article, Dawn Kopecki wrote about Fannie Mae and Freddie Mac need to relax rules for a loan-modification program that promised to cut mortgage interest rates and lengthen amortization schedules for troubled borrowers, the chief economist for the companies’ regulator said. Fannie Mae and Freddie Mac have sent 90,000 letters to borrowers [...]
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Wednesday, February 4th, 2009
Do not let yourself get pressured into signing up for a loan modification plan if you aren’t ready to commit to remaining in your home. Have your attorney review any documents or loan modification contracts before signing them. Ask questions until you fully understand anything you find confusing or out of the ordinary. Ask the [...]
Filed under: Foreclosure news, Mortgage News, Published Loan Relief Articles, foreclosure prevention | No Comments »
Tuesday, February 3rd, 2009
Home foreclosure in the U.S. has reached epidemic proportions, and one of the nation’s hardest hit communities, spanning three counties in Southern California, will be the first to hear about a viable solution. Founders of a new Web site, Consumerhopecenter.com, designed specifically for homeowners facing loss, plan to discuss their solution this Saturday from 10:00 [...]
Filed under: Foreclosure news, Mortgage News, Published Loan Relief Articles, foreclosure prevention | No Comments »
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