News about Loan Modification Information issue #156

by Joe Manausa on January 28, 2012

01/28/2012
There is help for those facing foreclosureThe ColoradoanThe reasons for the increase in our area are varied and likely differ by region and lender. Some mortgage lenders may have held off on the filin more…
01/28/2012
Administration to extend homeowner aid programLas Vegas Review – Journal"I think lenders are more prone to use internal programs for loan modifications than federal programs," she said. &quo more…
01/28/2012
BloombergUS loosens mortgage aid requirementsPalm Beach PostThe revamp of the Home Affordable Modification Program, which was announced Friday, also includes tripling the monetary incentives the gover more…
01/27/2012
BloombergObama administration bolsters homeowner lifelineReutersBy Margaret Chadbourn | WASHINGTON (Reuters) – The Obama administration on Friday expanded its main foreclosure prevention program and p more…
01/27/2012
American Free PressGeorgia Homeowners Battle Mega-BankstersAmerican Free PressHe said: “We asked the bank what we should do right around the time HAMP [Home Affordable Modification Program] was bein more…
01/27/2012
The ConsumeristBank of America Settlements Impede Fraud Probe, Arizona SaysBusinessWeekOne 2011 accord involving a borrower facing foreclosure who defaulted on a $253142 mortgage included a $5000 paym more…
01/27/2012
Raging Against The Foreclosure MachineNJ TODAY“We couldn't afford groceries. It got pretty bad.” They were thrilled to sign up for a modification plan with their loan servicer, GMAC Home Mortg more…
01/27/2012
Will Obama's Mortgage Plan Work?Business InsiderUnder the proposed settlement, five of the largest banks would allocate $25 billion (not all in cash) to be used to refinance or modify mortgages, a more…
01/27/2012
Divorcing couples struggle with negative equity in their homesLahontan Valley NewsHe says Wells Fargo, like many other lenders, agrees that divorce is a hardship that often is cause to modify the term more…
01/26/2012
Bank of America Settlements Impede Fraud Probe, Arizona SaysSan Francisco ChronicleOne 2011 accord involving a borrower facing foreclosure who defaulted on a $253142 mortgage included a $5000 payment, more…

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