As borrowers desperately try to rework their mortgages they keep running into the same old barrier, the mortgage companies are so buried with reworks they can not get to everyone. Between TARP and Making Home Affordable program and other expectations many of the larger mortgage lenders just do not have the manpower and resources to support all the borrowers looking to rework the mortgages that need reworking.
Read more »Lenders Buried Under Load of Mortgage Re-Works
Category: Foreclosures & Short Sales Tags:
Paper Avalanche Buries Plan to Stem Foreclosures
Somewhere on earth, there must be a more difficult task than this: persuading American mortgage companies to lower payments for homeowners who can no longer afford their loans. But as Karina Montenegro struggles to accomplish this feat for a troubled borrower, she strains to imagine a more futile pursuit.
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Foreclosure mortgage
The Making Home Affordable program by the government is getting underway, And for many it can be a confusing process.
Read more »BEWARE THE LOAN MODIFICATION MERRY-GO-ROUND
There’s been a lot of talk lately about loan modifications for homeowners facing foreclosure, a discussion that reached a crescendo on Wednesday when the White House announced details of its “Making Home Affordable” plans.
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Obama housing fix open for business
Officials release details of $75 billion loan modification and refinancing programs. Borrowers can start contacting loan servicers, though companies will need time.
Read more »Making your home affordable
The Obama administration on Wednesday issued more details on refinancing and modifying mortgages under the government's new Making Home Affordable program, opening the way for troubled homes to get some help from their lenders.
Read more »Obama’s Mortgage Relief Plan: “Making Home Affordable”
Details form the US Treasury were released today on the Making Home Affordable program, aka Mortgage Relief.
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