modification
It's been well-reported that mortgage loan modifications are moving like molasses at big banks. But a little company called Ocwen Financial is using behavioral science to remove the stumbling blocks that get in the way of people trying to keep their homes.
Mortgage modification program isn't stopping homeowner defaults
11:00AM 12/06/2009
The idea behind the $75 billion Home Affordable Mortgage Program is to give homeowners facing foreclosure a means to get lower monthly payments and stay in their houses. The participants must successfully complete a trial period and provide additional documentation to prove that they're able to...
The 2 Mortgage Guys - Making Home Affordable Modification
9:00AM 8/31/2009
Real Estate, Economy, The2MortgageGuys, Credit, Real Estate, Video, Banking, Family Money
Are you struggling to make your house payment each month? Part of the housing bill passed by President Obama included a program called Making Home Affordable Modification. It's designed to allow your servicing provider a method to make adjustments to your mortgage so you can afford the house...
Banks hoping to take advantage of the Financial Accounting Standards Board's change to the mark-to-market rule had better tread very carefully. Home loan modifications are not working, according to a report by the Office of Thrift Supervision in today's Washington Post. At least 57 percent of...
Save money and help the planet, one green flush at a time
12:00PM 4/07/2008
If there are any two topics which rest heavy on our minds and light on our tongues these days, those two subjects would be how to save money and how to help the planet stay healthy. One concept which is a perennial favorite in both those realms is the classic do it yourself toilet modification....
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