- Foreclosure Help
- Loan Modification
- economic news
- Mortgage Revision
- Credit
- home value
- Lenders
- Falling Home Value
- Refinance
- Obama Housing Plan
- Obama Financial Reform
- Upside Down
- Real Life Stories
- unemployment
- Uncategorized
- Loan to Value
- first time home buyer tax credit
- mortgage
- Loss Mitigation
- Conforming Loan
- bankruptcy
- Short Sale
- Loan Default
- second mortgage
- Short-Fi
- Jumbo Loan
- Deficiency Judgment
- personal finance
- mortgage fraud
- Nationwide Mortgage Licensing System
- Default
- credit cards
Topic: Foreclosure Help
As of April 5th, the Obama Administration is adding a new Home Affordable Foreclosure Alternatives, HAFA, to its efforts to allow borrowers to avoid foreclosure through short sales or a deed-in-lieu of foreclosure option.
Mortgage applications rebounded last week, particularly refis. Purchase activity remains subdued,
Continued weakness in the housing market has caused CitiMortgage, one of the nation’s biggest home loan servicers to rethink its foreclosure prevention strategy.
In Nevada, California, Michigan, Florida and Arizona; average home prices have dropped more than 20%. The money will be shared based on a formula that factors in the number of unemployed residents and the net drop in home prices.
The deterioration in performance is really the combination of two things going on: rising unemployment that took place throughout 2009 as well as our estimate that about a third of all jumbo loans that are current are underwater in terms of the value
Nevada topped the states in foreclosure rate for the 37th straight month with one in every 95 homes getting a foreclosure notice, more than four times the national average
It’s easy to pay off the highest interest obligations first, but be aware of the consequences of shortchanging specific bills if you are short of cash. It’s better to eat rice and beans, watching over the air TV, commuting by bus, than be homeless.
Yesterday the Federal Trade Commission, in a unanimous 4-0 vote sought to protect distressed mortgage borrowers from one of the biggest sources of fraud in the loan modification business, charging homeowners upfront fees. Under the proposed rule, mortgage relief companies could only collect after providing services.
“Homeowners facing foreclosure or struggling to make mortgage payments shouldn’t [...]
The National Governors Association reports that 33 states and Puerto Rico passed at least 99 new real estate laws in 2009. Sixty seven of the statutes were aimed at foreclosure relief
“The worst of the storm has passed, but the devastation remains. One in 10 Americans still cannot find work. Many businesses have shuttered. Home values have declined.”
Deficiency Judgment Nationwide Mortgage Licensing System personal finance Default credit cards mortgage fraud Jumbo Loan Short-Fi Loan Default Short Sale second mortgage Conforming Loan Loss Mitigation bankruptcy Uncategorized mortgage Loan to Value first time home buyer tax credit unemployment Upside Down Real Life Stories Obama Financial Reform Obama Housing Plan Refinance Falling Home Value Lenders home value Mortgage Revision Credit economic news Loan Modification Foreclosure Help
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