Archive for April, 2008

Once again, homeowners in foreclosure fail to read the loan “fine print”

Wednesday, April 30th, 2008

What are the odds that your mortgage company will give you a modification when you’re trying to avoid foreclosure?Yesterday, there were articles on Reuters and in the Wall Street Journal about Bank of America’s plan to handle problem mortgages at Countrywide.

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Posted in Foreclosure Assistance, Loss Mitigation | 1 Comment »

Will “new breed” servicers offer more to homeowners trying to avoid foreclosure?

Tuesday, April 29th, 2008

In my last post, I mentioned this new breed of servicer, with the implicit promise of being a “kinder, gentler” brand of mortgage company.

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Posted in Avoid Foreclosure, Loss Mitigation | 1 Comment »

A “kinder, gentler” mortgage lender

Friday, April 18th, 2008

One of the new developments that’s sprung from the foreclosure crisis is the latest trend in loan servicing: mortgage servicers who cater to the folks who are buying up distressed “assets” in the mortgage industry.

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Posted in Loss Mitigation | No Comments »