loan modification

Things aren't moving along all that swimmingly in the loan modification world. The number of proprietary loan modifications – those conducted by lenders themselves rather than a government program -- fell by almost 14% in October, according to the Hope Now alliance. At least in part, the...

The foreclosure crisis continues to pummel millions of Americans, and it has given rise to new con artists offering false assistance that leaves homeowners even deeper in debt. If you don't want to get kicked when you're already down, here are a few things to remember.

Wells Fargo still won't admit it, but its employees' testimony makes it clear that, like GMAC, JPMorgan Chase, Bank of America and OneWest Bank, they have a problem with their foreclosure documents. But the solution isn't just a better documentation process: It's time to bring back cram downs.

New data from RealtyTrac shows that the real estate market is still on shaky ground. Banks repossessed 95,364 homes in August -- more than in any month since the beginning of the U.S. mortgage crisis.

Virginia Attorney General Ken Cuccinelli has sued two Virginia Beach mortgage loan modification companies, claiming they charged consumers as much as $1,200 in advance for help to fend off foreclosures. Under the state's foreclosure rescue law, a business can't charge a fee for its services until...

A casino-style telemarketing operation run by nine men out of a Canoga-Park, Calif. boiler room is charged with stealing $2.3 million from desperate homeowners seeking home loan modifications to prevent foreclosure. Four of nine men being accused of running the illegal business are in custody,...

NeighborWorks, a national nonprofit created by Congress in 1974, has launched a campaign that is loan modification scam central: tips on how to spot scams, numbers to call if you suspect you are being scammed and poignant vignettes of people who have been scammed. The timing for a national...

If you are like many folks, myself included, you may have been in your car and heard a brief news item earlier about how there was a decline in foreclosures reported in January. And, if you are like many folks, myself included, you may have said to yourself (if, that is, you are the kind of person...

Come this June, as WalletPop has reported, new government rules take effect that are designed to make it easier for distressed homeowners to get not only that often-elusive, three-month trial mortgage loan modification, but also the much more sought after (and relatively seldom gotten) permanent...

Is this what we have finally been waiting for? Really good news about foreclosures. My guess is, don't get too excited by any short term "trends"--- but, that said, the latest news from RealtyTrac just out today is encouraging. Foreclosure filings decreased again in November, down almost 8%...