August 23rd, 2010
A recent post on Housing Wire touted the benefits of using “high-touch” servicing in dealing with homeowners who are behind on their mortgage and headed towards foreclosure.
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: delinquent borrower, Freddie Mac, HAMP, Titanium Solutions
Posted in Avoid Foreclosure, Loan Modification | No Comments »
August 13th, 2010
Maybe you’ve heard about, or seen the ads for the Hardest Hit program? Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: Michigan Hardest Hit
Posted in Avoid Foreclosure | No Comments »
August 5th, 2010
I mentioned the other day that Fannie Mae has “taken to the [virtual] airwaves” to “educate” homeowners in default on their home loan.
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: Avoid Foreclosure, behind on mortgage, Fannie Mae
Posted in Avoid Foreclosure | No Comments »
August 3rd, 2010
In an effort to “educate” defaulting homeowners on their options when they fall behind on their mortgage, Fannie Mae has unveiled a new website.
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: Deed-for-Lease, HARP, Home Affordable Refinance Program
Posted in Avoid Foreclosure | No Comments »
July 1st, 2010
Homeowners’ Emergency Mortgage Assistance Act (HEMA), the dumbest idea in the history of foreclosure legislation, is working its way through Congress.
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: HEMA, Homeowners’ Emergency Mortgage Assistance Act, HSA
Posted in Foreclosure Assistance, Loan Modification, foreclosure legislation | No Comments »
June 25th, 2010
“A loan modification is just one piece of the puzzle.”
I’ve been saying this for quite some time, but first posted it in a post I made on the proposed Foreclosure Prevention Czar in October of 2008.
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: Edward Pinto, Foreclosure Prevention, Loan Modification
Posted in Foreclosure Prevention, Loan Modification | No Comments »
June 17th, 2010
Fitch Ratings, a financial rating and advisory firm, issued a recent report predicting that 55-75% of all HAMP loan modification recipients will re-default, or fall behind again on their mortgage payments after their loans are modified.
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: FHA, FHLMC, Fitch Ratings, FNMA, HAMP, Loan Modification, VA
Posted in Loan Modification | No Comments »
June 3rd, 2010
I’m constantly amazed at how long it takes for an institution to figure out the obvious.
For a few years now, I’ve been saying that the mortgage industry is typically 24-36 months behind the curve. The problems they’re addressing today should have been dealt with 2-3 years ago.
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: Bank of America, Jack Schakett, principal reduction, underwater mortgage
Posted in Avoid Foreclosure, Loan Modification, Loss Mitigation | No Comments »
May 26th, 2010
Last week, the Senate passed the Restoring American Financial Stability Act.
It now includes a program that would allow unemployed homeowners to prevent foreclosure by borrowing up to $50,000 to stay afloat.
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: Foreclosure Prevention, HEMA, Homeowners’ Emergency Mortgage Assistance, Prevent Foreclosure
Posted in Foreclosure Prevention | No Comments »
February 12th, 2010
I’ve not been blogging much… who’s got time for this, anyway?
Who are these people that can post every single day?
Read the rest of this entry »
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: "Making Home Affordable", Foreclosure Assistance
Posted in Foreclosure Assistance | No Comments »