Category Archives: Loan Modifications

Bank of America Exposed.

Posted on June 17, 2013 by tomo92596

Bank of America has recently been exposed by a former worker. After years of being stalled by Bank of America about lost faxes, and being told the short is being reviewed the truth comes out. Bank of America and other servicers get … Continue reading →

Posted in Bank of America Short Sales, Foreclosure, Loan Modifications | Tagged , , , , , , , , , | Leave a comment

FHFA has announced the extension of the HARP by two years to December 31, 2015.

Posted on April 23, 2013 by tomo92596

Good news for Homeowners still underwater and trying to avoid foreclosure! The Federal Housing Finance Agency (FHFA) has announced the extension of the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to … Continue reading →

Posted in Credit Challenges, Fannie Mae, Foreclosure, Freddie Mac, HARP, Loan Modifications, Making Home afforable Program | Tagged , , , , , , , | Leave a comment

Fitch: High Rate of Unsuccessful Mods Threatens Asset Quality

Posted on April 8, 2013 by tomo92596

Servicers continue to make strides in home retention efforts, completing more than 360,000 retention actions in the fourth quarter of 2012, according to a report from Office of the Comptroller of the Currency  (OCC). However, Fitch Ratings detects continued “weak … Continue reading →

Posted in Chase Short Sales, Credit Challenges, HAMP, HARP, Loan Modifications, Making Home afforable Program | Tagged , , , , , | Leave a comment

Status of Short Sales?

Posted on March 19, 2013 by tomo92596

Unfortunately short sales are not going to be going away anytime soon. Some of the data that supports this in California. As of today California is tied as the state with the highest unemployment. Until people can afford a mortgage … Continue reading →

Posted in Foreclosure, HAFA Updates, Loan Modifications, Making Home afforable Program, Pre Foreclosure, Short Sale Buy Back, Short Sale Lease back, Short Sales | Tagged , , , , , , , , , , | Leave a comment

Making Home Affordable Program

Posted on March 5, 2013 by tomo92596

There is help for homeowners in the Temecula and Murrieta area’s of Riverside County. If you would like more information about the Making Home Affordable program please give us a call we are here to help! For questions about Making … Continue reading →

Posted in Credit Challenges, Loan Modifications, Making Home afforable Program, Mortgage Foregiveness Act, Pre Foreclosure, Short Sales | Tagged , , , , , | Leave a comment

HOPE NOW: 5.9M Completed Mods Since 2007; Short Sales Increase

Posted on December 20, 2012 by tomo92596

Short sales continued to increase in October, while foreclosure starts fell, according to data from HOPE NOW, an industry alliance of mortgage servicers, investors, mortgage insurers, and nonprofit counselors. Completed short sales reached 38,518 in October, representing a 13 percent … Continue reading →

Posted in HAFA Short Sales, HAFA Updates, Loan Modifications, Mortgage Foregiveness Act, Short Sales | Tagged , , , , , , , , , , , , | Leave a comment

MSNBC Clip about Loan Mod Problem’s

Posted on December 4, 2012 by tomo92596

Visit NBCNews.com for breaking news, world news, and news about the economy Visit NBCNews.com for breaking news, world news, and news about the economy

Posted in Credit Challenges, Loan Modifications | Tagged , , , , , | Leave a comment