Wednesday 4th December
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House Hearings to Answer Question: Are Loan Servicers Honoring Their Commitments to Help Preserve Homeownership?
Written on 6 Jul, 2010 at 11:06
Everything's going just fine. There are no real problems with HAMP or with the servicers who are implementing HAMP. Oh sure, there have been a few challenges, but most of them have been caused by the borrowers who... (Continue reading)
What We All Should Have Learned by Now About Loan Modifications
Written on 7 Apr, 2010 at 4:33
Okay class... if you've been keeping up with your reading assignments, then the following should be no problem for you to keep up with... but it also may cause motion sickness.... (Continue reading)
As Pressure Mounts, Bank of America Plans Principal Reductions for Underwater Homeowners
Written on 24 Mar, 2010 at 14:44
Bank of America will offer qualified homeowners an interest-free forbearance of principal that the homeowner can turn into forgiven principal annually over five years, provided they stay current on their mortgage payments. Over the five-year period, homeowner can bring... (Continue reading)
Giving Money Back, Not Profitable: Federal Reserve Study Proves
Written on 12 Apr, 2009 at 12:03
The Federal Reserve Bank of Boston released the results of its in-depth study on President Obama's plan to solve the foreclosure crisis, and the conclusions shocked politicians and bureaucrats alike from coast to coast. ... (Continue reading)