mortgage loan modification
Concerted efforts designed to prevent unnecessary foreclosures have reduced the amount of mortgage redefaults, says a group of state attorneys general and banking regulators. But the group also expressed concern that foreclosures continue to outnumber loan modifications.
According to a report...
Fine print in mortgage modification forms contain booby trap
9:00AM 12/19/2009
Signer beware! Turns out the forms homeowners fill out to apply for lower monthly mortgage payments for three months while waiting for more permanent relief contain a potentially lethal booby trap courtesy of the U.S. Treasury Department.
According to a report in the Miami Herald, the forms require...
Bankers win the war, 'distressed' homeowners left on hook
7:00PM 12/12/2009
Guess those mortgage bankers showed Congress who's the boss ... They are!
Only a day after the Mortgage Bankers Association fired off a stern letter of warning to Congressional leaders about attempts to change foreclosure bankruptcy laws to ease the plight of those facing foreclosure and help end...
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