The Treasury Department released reports here in early October regarding the most recent information we have on the federal Making Home Affordable program, and it was reported that Bank of America saw an increase in the number of permanent modifications that are currently active within HAMP, which may point to continued success that has...
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Over the past week we have seen some positive results in terms of mortgage applications and even refinancing that is taking place in the housing market, which is something that many officials feel needs to continue if inventory in the housing market is to be filled as these homes, along with foreclosures, are arguably...
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As of late we have seen various initiatives that are trying to spur small business lending in the hopes that companies looking for financing options may be able to grow as a result of getting access to credit but there are arguments that investors may be more helpful to businesses at the present time,...
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Homeowners in major metropolitan areas have continued to see results similar to servicer-specific results when it comes to the Making Home Affordable Program in terms of permanent modifications, but there are still issues that homeowners in certain areas are attempting to overcome, despite the fact that these permanent modifications have seen continual improvements over...
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Some homeowners who are in a position where they have seen the equity on their home drop and are now in a position where they owe more on their home than it’s actually worth have been seeking principal forgiveness options, but some servicers are unwilling to offer this particular type of assistance to underwater...
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The capital for small businesses in the form of loans has been a central issue among some politicians, economists, and many small business owners as there is concern that the lack of access to credit for these companies can hinder growth and job creation, so as a result there has been some focus in...
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Looking back at credit card debt information we have seen here in September, there have been some mixed reports that indicate certain consumers may be working to pay down debt on their credit cards and using these cards less than they have in the past, but there are also some banks that have reported...
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Treasury Department data has shown that homeowners who are unsuccessful at qualifying for the federal mortgage assistance program have seen increases the area of foreclosures, as some banks still are seeing increases in their starts and completions. However, there are also homeowners who may be able to avoid foreclosure by moving beyond these federal...
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Homeowners with Citigroup, among other servicers, usually fall into one of many categories if they are denied a trial modification or if a permanent modification is not given due to having their trial modification canceled, and have seen mixed results not only for Citigroup but other servicers as well when it comes to programs...
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In the Making Home Affordable Program, there have been some increases seen by servicers like Wells Fargo and others when it comes to borrowers who are current after failing to acquire a trial or permanent home modification but there have also been reports that track payment plan arrangements that do not involve a formal...
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