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Latest Mortgage modification Stories

2010-10-21 07:25:00

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. What this means to homeowners possibly facing foreclosure and/or bankruptcy is that previously unattainable loan modifications may now become a long-awaited reality. "This is truly a win-win for everyone," says Matthew Smith, founder of...

2010-07-28 09:01:00

NEW YORK, July 28 /PRNewswire/ -- The Advertising Council, in partnership with the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD), announced today the launch of a national public service advertising (PSA) campaign designed to encourage homeowners who are struggling with their monthly mortgage payments to learn about the Making Home Affordable Program. While over one million homeowners have already received assistance from the program, the...

2010-06-18 07:25:00

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. Officials from Bank of America, Wells Fargo and other banks have even set up their own lender-specific modification programs to help customers that don't qualify for government programs. These banks are trying to help as many...

2010-03-01 04:30:00

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). freeHAMPreport.com has chosen TransMedia Group to plan and implement a full-scale publicity campaign to build excitement with the general public about a technology designed to provide a free eligibility test...

2010-01-13 08:45:00

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. More than 728,000 borrowers are actively participating in loan modifications. Matthew Smith, founder of ModPilot consumer advocate program, points to several reasons why homeowners are taking advantage of loan modification...

2009-10-07 21:06:00

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. This book was written to give homeowners some insight into how the process works and how they can do it themselves. It includes sample hardship letters, forms and advice on how to deal with lenders. It is written by a California real...

2009-09-23 12:00:00

NCLC Looks at 25 Programs in 14 States: CA, CT, FL, IN, KY, ME, MI, NV, NJ, NM, NY, OH, OR and PA; Mediation Programs Seen as Faltering For Same Reasons as Struggling Federal Voluntary Foreclosure Modification Efforts WASHINGTON, Sept. 23 /PRNewswire-USNewswire/ -- A spate of new state and local programs that have emerged over the last year requiring mediations or conferences before foreclosures sales take place have great potential to help homeowners, but are suffering from the same lack...

2009-08-19 07:15:00

OCEANSIDE, Calif., Aug. 19 /PRNewswire/ -- The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011, Deutsche Bank recently reported. Mortgage rates also are inching up. Some financial experts predict that rates will rise in the high teens just like in the 70s, which means that rates on loan modifications will rise as well, said Matthew Smith, founder of ModPilot Inc. ModPilot - created by a team of loan modification attorneys,...

2009-07-08 07:25:00

OCEANSIDE, Calif., July 8 /PRNewswire/ -- All over America, homeowners continue to struggle with their mortgage payments. Even those who haven't lost jobs are finding themselves upside-down, owing more than their homes are worth. In some of the hardest-hit parts of the country, home values have dropped to 50% of what homeowners owe. Most Americans are stuck with a payment too high to afford, with no way to sell their homes without resorting to short sales. The solution, according to...

2009-06-09 14:24:23

New York State's probe into loan modification businesses includes plans to file civil charges against one loan negotiator, a law enforcement official said. The suit against Long Island's largest loan modification company will charge the company, AmeriMod, with false advertising and illegally charging upfront fees. Fifteen other companies are expected to receive subpoenas, the official said. Company owner Salvatore Pane told Newsday Tuesday that AmeriMod is following compliance per the law,...


Word of the Day
holluschickie
  • A 'bachelor seal'; a young male seal which is prevented from mating by its herd's older males (mated bulls defending their territory).
This comes from the Russian word for 'bachelors.'
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