In the wake of numerous foreclosure suspensions and reviews, Citigroup is one servicer who has said they will not suspend foreclosures as they feel their foreclosure documentation and processes have been correctly implemented over the past months. There are reports that firms which have caused trouble for servicers concerning the foreclosure documents were not...
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Mortgage assistance to help with foreclosure prevention efforts have been sought out by numerous homeowners over the past months as personal financial troubles and economic conditions have created hardships for homeowners and the housing market. Yet, recent foreclosure suspensions from large financial institutions like J.P. Morgan Chase, GMAC Mortgage, and Bank of America have...
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The unemployment rate remains unchanged, despite reports recently indicating that jobless claims dropped. Fewer jobless claims have given hope to some who feel that the employment sector may slowly be on the rebound and as these claims begin to drop it will point to and, ultimately, lead to a recovery in the job market. ...
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Financial institutions recently announced they were suspending foreclosures in certain states to address issues that foreclosure documents were signed without being properly reviewed. Bank of America, J.P. Morgan Chase, and GMAC mortgage, now Ally Financial, are reported to be the institutions who are taking action to review foreclosed homes where faulty foreclosure proceedings may...
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Recently, foreclosures seemed to be on the rise as thousands of homeowners were being evicted from their home due to various financial difficulties. However, numerous top banks have stopped foreclosures in various states due to questionable foreclosure practices that have been implemented and may have been in error. Financial institutions like J.P. Morgan Chase,...
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Despite the fact that foreclosure prevention programs like home loan modifications have been offered over the past months in the hopes of keeping more troubled homeowners in their homes, foreclosures have still remained a problem for many. While foreclosure starts our ongoing, again, despite prevention efforts, there are many who are taking advantage of...
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Countless unemployed men and women are looking for job opportunities during a time where unemployment is high, housing troubles continue, and job openings seem to be slow. Reports that state the recession is over do give hope to some unemployed men and women who have been struggling over the past months but there is...
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When it comes to credit card debt it’s understandable that many consumers are seeking ways which they can pay down what they owe as quickly as possible and find some form of credit card debt relief. Reports indicate that more Americans paid off a large portion of credit card debt over the past months,...
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Some Bank of America homeowners who have attempted to gain mortgage assistance through a home loan modification from the Obama Making Home Affordable Program have moved into bankruptcy after being denied help with their home. Bank of America has seen an increase in the number of permanent home loan modifications they have made from...
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According to the July Making Home Affordable servicer report, GMAC Mortgage saw a decrease in the number of trial home loan modifications that are currently active as of the report’s release date. Many lenders in the Making Home Affordable Program did see a decrease in the number of trial home loan modifications that are...
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