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Last updated on April 20, 2014 at 14:04 EDT

Latest Mortgage modification Stories

2012-01-16 07:10:00

CARLSBAD, Calif., Jan. 16, 2012 /PRNewswire/ -- Many homeowners are sick and tired of paying on their upside-down mortgages while their neighbors and fat cat bankers get bailed out by the Fed. Some are working two jobs just to make ends meet while their mortgage payments go up and some say it feels like their lender is ripping them off. Most need some degree of help and are perfectly capable of working directly with their lender to get the help they need, provided they have a clearly defined...

2012-01-04 13:24:00

LOS ANGELES, Jan. 4, 2012 /PRNewswire/ -- Advocates for Consumer Affairs, Advocates for Consumer Affairs is a network of experienced certified forensic loan auditors specializing in the research and analysis needed to provide attorneys and loan modification companies with the Forensic Loan Audits & Qualified Written Requests that they need to even the playing field with Lenders and successfully negotiate Principal Reductions, Interest rate Reductions and Loan Modifications on behalf of...

2011-11-22 11:00:00

LAS VEGAS, Nov. 22, 2011 /PRNewswire/ -- A foreclosure review process was recently announced by the federal government in which 4.5 million consumers can submit their foreclosure cases for review, resulting in potential restitution. Click for infographic. With nearly an entire month having passed since this announcement, eligible parties should now be receiving the application via traditional mail. Efficiencies come into question. Is it reliable to mail anything to...

2011-11-21 15:36:00

SANTA MONICA, Calif., Nov. 21, 2011 /PRNewswire-USNewswire/ -- Consumer Watchdog today said executives of leading Internet companies Google, Microsoft and Yahoo! should face criminal charges for their roles in allowing mortgage modification ad scammers to advertise on their sites. The nonprofit, nonpartisan group's call came as the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced it had shut down ad scammers on Microsoft's Bing search engine...

2011-11-10 18:00:00

Reports of Deal Gives Lenders National Advertising Campaign While Requiring Minimal Efforts to Reach Homeowners Hurt by Banks Misconduct Newport Beach, CA (PRWEB) November 10, 2011 Although aggrieved homeowners ensnared by a foreclosure system riddled with misconduct may get their first shot at getting resolution from the banks, homeowners should not assume their rights will be protected by the recently announced federally mandated settlements, according to Vito Torchia, Jr., managing...

2011-09-21 17:30:00

ForecloseByowner.com is a free and secure social networking site that gives homeowners in foreclosure a trusted environment where they can network with other homeowners and receive advice from real estate professionals. Los Angeles, CA (PRWEB) September 21, 2011 The US housing market is in the midst of an unrelenting foreclosure crisis. Millions of families have lost their homes to foreclosure and millions more are expected to lose their homes in the next few years. With home values...

2011-07-13 07:35:00

CARLSBAD, Calif., July 13, 2011 /PRNewswire/ -- New loan modification programs have helped hundreds of thousands of people drop principal, reduce payments, or receive zero interest loans for the last several years, but many homeowners still haven't taken advantage of the programs available. The United States Treasury Department is reporting the average modification for each homeowner reduces payments by 36%. Someone with a $2000 monthly mortgage payment saves an average of $720 per month,...

2011-07-06 18:45:00

CENTURY CITY, Calif., July 6, 2011 /PRNewswire/ -- Michael McDevitt, America's leading real estate finance and mortgage loan audit expert, was recently featured in Bloomberg's Business Week showcasing the advantages consumers have in loss mitigation transactions using mortgage compliance analysis reports, forensic loan audits, mortgage securitization audits, and REST Reports. The excerpt praised Michael McDevitt as dedicated to spreading knowledge, educational tools and awareness in his...

2011-06-27 09:14:00

LAS VEGAS, June 27, 2011 /PRNewswire/ -- In an effort to provide value and convenience to homeowners going through the Loan Modification process and while adding to its list of industry firsts, Falcon Credit Management has developed the first HAMP, MHA, iPhone, iPad, iPod Loan Modification Application accepted into the iTunes store. This loan modification app complements Falcon Credit Management's Loan Modification service and industry-leading do-it-yourself software FalconDox. Free of...

2011-06-20 06:00:00

DALLAS, June 20, 2011 /PRNewswire/ -- Mortgage servicing litigation increased 88 percent during the first quarter, according to the latest Mortgage Litigation Index from MortgageDaily.com. However, investor-related litigation activity eased, fewer loan modification actions were tracked and the overall level of mortgage-related litigation held steady. There were 151 mortgage-related lawsuits tracked in the First Quarter 2011 Mortgage Litigation Index. No change occurred from the prior...