While some homeowners are finding stability in their mortgage payments and general financial life, there are still many who are in need of a reduced mortgage payment as a way to stay current on their current debt obligations. Understandably, a mortgage is usually one of the more costly debts a consumer can acquire, and...
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Wells Fargo is one of the major financial institutions that has continued to offer homeowners modification opportunities, and there have been increases seen in specific areas of modification efforts particularly related to this servicer, as foreclosure prevention plans still continue to be offered for homeowners seeking debt relief and payment assistance. Obviously, homeowners who...
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Some consumers are in a position where a bad credit score is a problem in their financial life and, while this could result from a variety of factors, some can trace these problems back to issues related to credit card use and, in many cases, some of these consumers have canceled their credit cards...
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Many of the nation’s top mortgage servicers have been able to offer a variety of assistance to struggling homeowners in need of more affordable mortgage payments or even opportunities like forbearance but some homeowners have turned to a short sale or deed in lieu of for foreclosure plans from initiatives like the Home Affordable...
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Permanent modification assistance for Wells Fargo homeowners through the federal Making Home Affordable Program has increased according to reports released here in September that have tracked data through July of this year. Numerous servicers like Wells Fargo continue to see these improvements in terms of the number of active permanent home loan modifications that...
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There has been some concern on the part of officials who feel that homeowners may not be taking advantage of assistance options like housing counseling as a way to help them prevent foreclosure. Various resources have been made available to homeowners over the past months and since the inception of the Making Home Affordable...
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Homeowners with GMAC Mortgage have seen increases in the number of foreclosure starts and foreclosure completions for those who were unsuccessful at acquiring a home loan modification from HAMP but this idea that homeowners have no options outside of the modification except to resign themselves to foreclosures has been erroneous and has prompted officials...
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There have been homeowners with Bank of America, among other servicers, who have pursued a federal home loan modification but were denied this type of mortgage assistance for one reason or another and, as a result, have turned to short sale or deed in lieu of foreclosure programs as a way to alleviate their...
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There have been small businesses who, while looking for loans that they may apply to their company in a variety of ways, have found that lending is not necessarily easily accessible at the present time, despite the fact that there are some reports that indicate the level of small business borrowing is seen as...
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One of the latest mortgage payment assistance programs for unemployed homeowners, the Emergency Homeowners’ Loan Program, has been given yet another extension according to a recent HUD announcement which has stated that homeowners who may potentially be seeking out aid through this particular program or simply looking for a way to keep themselves in...
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