Latest Mortgage modification Stories
With mortgage loan defaults on the rise yet again, two mortgage researchers are proposing a new type of mortgage contract that automatically resets the balance and the monthly payment based on the mortgaged home's market value.
"Lenders usually are reluctant to modify a commercial real estate loan for more than 12 to 18 months," stated Kevin Levine, Executive Vice President of Strategic Asset Solutions (SAS) of Woodland Hills, California.
OCEANSIDE, Calif., Dec. 22, 2010 /PRNewswire/ -- 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.
NEW YORK, Dec.
OCEANSIDE, Calif., Oct. 21 /PRNewswire/ -- One by one, the major players in the mortgage industry have put a freeze on foreclosures in the past several weeks. Bank of America, CitiMortgage, Chase, GMAC and PNC all have halted foreclosures - for now.
NEW YORK, July 28 /PRNewswire/ -- The Advertising Council, in partnership with the U.S. Department of the Treasury and the U.S.
CARLSBAD, Calif., June 18 /PRNewswire/ -- Loan modifications have helped hundreds of thousands of people drop principal, lower mortgage rates, or reduce payments for the last several years, but many homeowners still haven't taken advantage of the programs available.
FT. LAUDERDALE, Fla., March 1 /PRNewswire/ -- TransMedia Group (www.transmediagroup.com) announced today that it has been retained by freeHAMPreport.com (www.freeHAMPreport.com), the free site that determines a person's eligibility for the Home Affordable Modification Program (HAMP).
OCEANSIDE, Calif., Jan. 13 /PRNewswire/ -- The Treasury Department recently released data on activity in its Making Home Affordable (MHA) loan modification program during November 2009. As expected, borrowers continued to enter the program under trial modifications.
LOS ANGELES, Oct. 7 /PRNewswire/ -- In an effort to help homeowners in financial crisis, the Law Office of Barsness & Cohen has decided to discount their eBook on foreclosure relief and how to do your own loan modification from $249 to just $99.
- A young chicken: also used as a pet name for children.