Unemployment extensions were recently denied and as the Senate recesses for the holiday there are many being left without any unemployment coverage. What’s more troubling is jobless claims rose, rather than fell as many expected, which is an obvious indication that the job market is not growing as many believed it would. While a...
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Citigroup is one of the top lenders who has been working in the Making Home Affordable Program in order to provide mortgage assistance for struggling homeowners. However, there have been many people who are displeased with the results of the Citigroup home loan modification program and other lenders who are working with homeowners. A...
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Many homeowners have been able to refinance their home loan and get a lower mortgage rate by doing so. This is obviously something that can benefit many homeowners as there are still individuals struggling financially from the fallout of the recession and a lower mortgage rate, which can bring a lower mortgage payment, has...
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While housing has been a major problem for many individuals over the past months, there have been the question as to whether the home loan modification program has been seeing the results that were first outlined at the inception of the program. There has been concern that homes that are eligible for a permanent...
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Bank of America President of Home Loans, Barbara Desoer, testified before the House Committee on Oversight and Government Reform on Thursday, June 24. This meeting was to flush out problems within the home loan modification program and ascertain exactly what lenders were doing to help homeowners in need. Many homeowners still face problems and...
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On June 24 the Committee on Oversight and Government Reform held a meeting in which top lenders within the Making Home Affordable Program testified about their participation and the programs they have been using to help homeowners who are struggling with their mortgage payments. David Lowman, the CEO for Home Lending at J.P. Morgan...
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Citigroup was among many lenders who participate in the Making Home Affordable Program that testified before the Committee on Oversight and Government Reform on June 24. The Oversight Committee conducted a review of the Home Affordable Modification Program as many lenders has been criticized for not doing all they can to help homeowners through...
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Wells Fargo was one of the mortgage lenders who participated in a hearing conducted by the House Committee on Oversight and Government Reform. Michael Heid, the co-president of Wells Fargo Home Mortgage delivered testimony before the committee and spoke about Wells Fargo’s participation in the Obama Making Home Affordable Program. Many homeowners have been...
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Homeowners with an underwater mortgage have been looking for ways in which to make their home loan payments more affordable. Many underwater homes have caused troubles for homeowners when it comes to paying their monthly mortgage payment and people have been seeking principal reductions in order to make their underwater mortgage payment a little...
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College-bound students are often looking for ways in which to finance their college education since the cost of attending a university has risen over the past years. Universities, colleges, and online universities are charging more and more when it comes to tuition and fees, so many individuals need scholarships, grants, or other forms of...
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