Archive for January, 2010

Wells Fargo Making Home Affordable Loan Modification; 10,088 Permanent Modifications Pending

01/22/2010
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Wells Fargo has 10,088 permanent home loan modifications pending, according to a report with December’s data that was released last week. This is a huge number of homeowners who are waiting for their home loan modification to be made permanent and many are saying the Making Home Affordable Program isn’t moving quickly enough, despite...
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Bank of America Pending Permanent Home Loan Modifications; How Many Homeowners Could Be Helped?

01/22/2010
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Bank of America reported gains in their Making Home Affordable home loan modification report for the number of homes modified in December 2009. However, many people are saying since Bank of America has only modified loans for 19% of its potential customers there is much more that can be done. Yet, the 19% only...
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GMAC Mortgage Data On Home Loan Mortgage Modification Pending Permanent Modifications

01/22/2010
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GMAC Mortgage has 2,733 homeowners in the home loan mortgage modification program with the Making Home Affordable Program that are in a state of “permanent home loan modification pending.” Many see this as a good sign for the program and GMAC Mortgage who had 44% of their homeowners in a trial modification or permanent...
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CitiGroup, CitiMortgage Has 6,968 Permanent Home Loan Mortgage Modifications Pending

01/22/2010
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In a report for home loan mortgage modification numbers from December 2009, CitiGroup CitiMortgage has 6,968 permanent home loan mortgage modifications pending and their overall numbers in the Making Home Affordable Program also saw an increase. Many people are saying that these numbers for the home loan mortgage modification program are not good enough,...
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Saxon Mortgage; 5,853 Pending Home Loan Modifications To Be Made Permanent

01/22/2010
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Saxon Mortgage has 5,853 home loan modifications in a pending permanent modification stage and saw their numbers drastically jump from November to December in the Making Home Affordable Program. This number gives some hope to a program that is largely looked down upon by many and if Saxon Mortgage can continue their progress, making...
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J.P. Morgan Chase; 5,518 Permanent Home Loan Modifications Pending, Will Modifications Help Homeowners?

01/22/2010
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J.P. Morgan Chase has 5,518 permanent home loan modifications pending in the Making Home Affordable Program, but many say the financial giant has a long way to go. J.P. Morgan Chase has decent numbers in the home loan modification program but as with all lenders across the board many people are calling for better....
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Posted in Loan Modification | 7 Comments »

Goldman Sachs Earning Report Shows Profit Of $4.95 Billion For Fourth Quarter 2009

01/21/2010
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Goldman Sachs earned a reported net income of $4.95 billion in the fourth quarter of 2009 and saw their stock value surpass what was predicted to finish at $8.20 per share. These reports came as a surprise to some who felt the company might have a meager fourth quarter report for the end of...
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Wells Fargo Reports $394 Million In Profits For 2009 Fourth Quarter; Future Looks Good But Problems Remain

01/21/2010
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Wells Fargo reported profits in the fourth quarter of 2009 to the sum of $394 million and the company says they are expecting more positive results in 2010. Many are seeing this profit as a surprise for Wells Fargo, but the lender says they had improvements in spite of financial troubles and these good...
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Federal Housing Administration Sees Losses, Changes Loan Policies, Raises Fees

01/21/2010
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The Federal Housing Administration acts as an insurer against mortgages for many homeowners in our nation and in light of so many struggling homeowners there are strains on the Federal Housing Administration causing them to put changes in place on their fees and policies. Some of the new changes will involve paying a premium...
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CitiGroup Reports $7.7 Billion Loss In Fourth Quarter 2009; However, Their Future Is Hopeful

01/21/2010
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CitiGroup reported a $7.7 billion loss in their fourth quarter report for 2009.  Many banks have seen similar losses mainly due to mortgage and loan defaults, but CitiGroup is one of the largest to see such losses.  Despite this loss, executives are hopeful as they say one of the big causes of the $7.7...
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