Archive for the ‘Mortgage Modification’ Category
Saturday, May 19th, 2012
A mortgage modification is when your mortgage servicer or lender lessens the house payment by lowering your interest rate, forgiving some of the principal, and/or increasing the term of the mortgage. A mortgage modification can greatly reduce your mortgage payment and has helped 100,000's of consumers avoid foreclosure. Getting ...
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Saturday, May 19th, 2012
4 Simple Tips to a Mortgage Loan Modification Approval 1. Get yourself familiar with not only federal loan modification laws, but also with your state-specific regulations. Learn the rules that affect specifically you and your lender. It would help you to avoid detrimental mistakes when filing initial application for modification.2. ...
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Friday, May 18th, 2012
A proposal to avail a loan modification is not a walk in the park. There are strategies applied so that it touches the right cord with the mortgage lender. And this is where scams will come into the picture. Scams pose as experts in assisting homeowners to make loan modification ...
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Friday, May 18th, 2012
The conservator of Fannie Mae (FNMA) andFreddie Mac may let servicers forgive debt on a limited numberof mortgages owned or guaranteed by the taxpayer-ownedcompanies, according to a person with direct knowledge of the discussions. The model could be a new California effort that will payfor writedowns using federal dollars set ...
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Wednesday, May 16th, 2012
After a full year of investigating, Eric Nelson could find nothing suspicious about the company he planned to invest in. Satisfied he'd done his homework, he began funneling money into a business he hoped would make him thousands. Instead, it left him in ruins. Years later, he is still trying ...
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Wednesday, May 16th, 2012
FORT LAUDERDALE, FL--(Marketwire -05/15/12)- Beginning June 1, the Making Home Affordable (MHA) program will be releasing a new tier that expands eligibility for struggling homeowners looking to benefit from the government program. RKE Law Group provided four guideline changes homeowners should be aware of under the new tier.Individuals who have ...
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Tuesday, May 15th, 2012
Since the answer to the question "can you get more than one modification on a mortgage loan" is yes, many borrowers have some hope if they are trying to save their home from foreclosure a second or third time. A person's chance of being approved for a second or ...
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Tuesday, May 15th, 2012
NEW YORK--(BUSINESS WIRE)-- Residential Capital LLC, known as ResCap , a subsidiary of Ally Financial Inc. and one of the country's largest mortgage originators and servicers, today announced that its Board of Directors voted to file for Chapter 11 protection along with fifty (50) of its subsidiaries. ResCap's mortgage origination, ...
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Tuesday, May 15th, 2012
DALLAS--(BUSINESS WIRE)-- Wells Fargo Company (NYSE: WFC - News ) is hosting a free Home Preservation Workshop in Dallas for Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo has invited more than 6,000 mortgage customers from North Texas to ...
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Friday, May 11th, 2012
Bank of America sheltered its shareholders from protesters before and during the shareholder meeting, first with a temporary wall, then with a heavy security presence. The meeting itself was calm, at least until the very end when some shareholders, or their appointed proxies, conducted a "mic check" and then chanted ...
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