Tag Archives: Mortgage Forgivness ACT

Fitch: High Rate of Unsuccessful Mods Threatens Asset Quality

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

Mortgage debt relief law extended through 2013

Mortgage Debt Forgiveness extended Late last night, Congress reached a settlement in the “fiscal cliff” negotiations.  As a result, the Mortgage Forgiveness Debt Relief Act has been extended for another year.  The measure will continue to exempt from taxation mortgage … Continue reading

Posted in Bank of America Short Sales, Chase Short Sales, Citi Mortgage Short Sales, GMAC Short Sales, HAFA Short Sales, HAFA Updates, Mortgage Foregiveness Act, Short Sales | Tagged , , , , , , , , , | Leave a comment