Homeowners with Bank of America who are in a unique position where a primary and secondary mortgage are in place and may be causing payment problems, as a result of factors like unemployment or other financial issues that homeowners face, may have seen that there are continued opportunities being made for the Second Lien...
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We’ve seen numerous homeowners struggle with mortgage payments over the past months, but in some instances we saw that a second mortgage may have been the problem, which would obviously offset benefits that may have been received when a primary mortgage was modified or a lower payment was offered, but servicers like Wells Fargo...
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As California is one of the more particularly hard-hit states in terms of housing troubles, unemployment, and general homeowner distress, there have been reports by the Treasury Department that recent increases were seen in the federal home loan mortgage modification assistance program made available to California homeowners between July and August, which is information...
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We have seen increases in some areas of consumer debt, as information was made available through reports released here in October, that point out some consumers are having trouble when it comes to honoring certain types of loans, but there are also some reports that stated consumers saw a huge leap in the amount...
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Options that homeowners have when it comes to combating mortgage payment distress and problems like unemployment has come through modification programs but some of the latest programs that have arisen are the result of the Hardest Hit Program, which is available in various states by housing agencies and certain mortgage services. Yet, there are...
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Here in October home loan delinquency has still remained a focus for many consumers but there are positive results coming from certain servicers like Wells Fargo who have seen decreases in the number of delinquencies being tracked within the federal Making Home Affordable Program. While improvements are also being seen in the area of...
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Consumers who are suffering from financial setbacks have often turned to counseling agencies as a way to help them find solutions to any financial problems or issues which may have arisen, but we have recently seen new options that may be available to consumers that will offer such benefits as access to their credit...
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Mortgage assistance from Citigroup to homeowners seeking help with their second lien mortgage payment is seeing some improvements in the Second Lien Modification Program but there have also been some decreases, which have left homeowners questioning how beneficial or available this program may be from certain financial institutions. Yet, Citigroup homeowners, among many others,...
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J.P. Morgan Chase homeowners may have seen increases in the number of foreclosure starts and completions in some areas after a failed attempt at the home loan modification program has arisen, but there are numerous servicers who are seeing continued foreclosures as homeowners continue to struggle with the requirement of meeting their mortgage payment...
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Over the past weeks we have seen data that suggests short sales have been a more popular choice among many homeowners and for banks when it comes to helping alleviate the burden of foreclosed properties in the housing market and on the books of many banks as some of these institutions have countless home...
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