Archive for September, 2010

Foreclosure Alternative Programs For Homeowners Facing The Loss Of Their Home–Will They Help Homeowners?

09/30/2010
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Many homeowners have been fighting to save their homes from foreclosure through mortgage assistance plans like Making Home Affordable modification plan. However, there are some who have simply gotten into a poor financial situation as a result of factors like unemployment, are unable to benefit from the assistance plans, and are simply left with...
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Small Business Microloans From The SBA And Nonprofit Companies May Bring Aid To Struggling Organizations

09/30/2010
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There have been complaints from many companies that small business loan opportunities have not been available over the past months as lenders tighten their lending practices when additional funding prevented the SBA from guaranteeing a higher percentage on certain small business loans. Yet, there have been companies who have turned to small business microloans...
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Underwater Home Mortgage Loan Refinancing Plans–Can Underwater Homeowners Lower Their Mortgage Rate And Payments?

09/30/2010
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Numerous homes have decreased in value across the nation this year and, as a result, there are some homeowners who now owe more on their home than their home is worth. Understandably, underwater mortgages have caused a great deal of trouble for many individuals but when refinancing opportunities are unavailable, some homeowners have found...
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Wells Fargo Homeowners Denied A Home Loan Modification May Find Help Through Alternative Modification Programs

09/30/2010
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Wells Fargo has seen some success in their home loan modification efforts as increases in the number of permanent home loan modifications continue, according to the August 2010 Making Home Affordable servicer report. Yet, there have been homeowners who were denied a home loan modification, which has left many wondering what other options may...
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Bank Of America Home Loan Mortgage Assistance Plans After Modification Trial Cancellations

09/29/2010
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Bank of America saw an increase in the number of permanent home loan modifications they have made through August 2010. The Making Home Affordable servicer report for the month of August indicated that Bank of America’s participation in the modification program continues to see success but there were trial modifications which were canceled for...
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Avoiding Foreclosure On A Mortgage–Home Loan Counselors Available To Assist Struggling Homeowners

09/29/2010
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Despite home loan modifications, alternative mortgage assistance through in-house modifications, and other foreclosure prevention initiatives by the Making Home Affordable Program and mortgage servicers, homeowners still continued to struggle with their mortgage payment in certain cases. Yet, there have been many suggestions made by a variety of sources that range from mortgage servicers to...
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Can Unemployed Homeowners Find Mortgage Assistance Without A Tier 5 Benefits Extension?

09/29/2010
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Homeowners who are facing unemployment have been seeking ways to make their mortgage more affordable. Typically, home loan modification plans have been sought out by those who have either lost their job or have seen a reduction in their income due to cutbacks at their place of employment. Yet, unemployment mortgage assistance programs were...
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J.P. Morgan Chase Cancelled Trial Modification Plans And Alternative Mortgage Assistance

09/29/2010
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While J.P. Morgan Chase has seen increases in the number of permanent home loan modifications they have made in the Making Home Affordable Program, there are still difficulties that arise concerning trial modifications. There are homeowners who have been successful in the modification program, but there are homeowners with J.P. Morgan Chase who have...
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Federal Student Loan Opportunities For New Students And Bad Credit Borrowers

09/29/2010
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Federal student loan opportunities have been made available to students who may be entering college for the first time or those who are attending college later in life at a time when they are being followed by a bad credit score. While these types of students may differ in some ways concerning their financial...
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New Small Business Bill May Bring SBA Small Business Loan Opportunities But Will It Create Jobs?

09/29/2010
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Many small business owners are hopeful that the passage of the new small business bill will provide the small business lending opportunities that many have been seeking over the past months. The Small Business Administration previously had funding that allowed them to guarantee a higher percentage of small business loans but when that funding...
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