Author Archive

Wachovia June Home Loan Modification Report–Decrease In Trial Modifications But Rise In Permanent Modifications

07/28/2010
By Edward McCray

Homeowners who have a home loan with Wachovia Mortgage have seen mixed results from the Making Home Affordable reports that were released for the month of June 2010. Wachovia mortgage did see an increase in the number of permanent home loan modifications that have been made, but there was a slight dip in the...
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Unemployment Mortgage Assistance For Jobless Homeowners–Will Forbearance Or Lower Payments Help?

07/28/2010
By Edward McCray

Many homeowners have faced unemployment over the past months as the job market has struggled to recover. There are still companies who are seeing the loss of workers, profits, or who simply close their doors for good due to fallout from the recession. As a result, many homeowners who were comfortably able to meet...
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Student Loan Financial Aid For Bad Credit Students–Can Students With A Low Credit Score Find Tuition Aid?

07/28/2010
By Edward McCray

Bad credit student loans are available to individuals who are seeking a way to afford the costs of college but may be in a situation where their financial history is either poor or nonexistent. While there are various types of student loans that can be made available to bad credit borrowers, some may be...
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Underwater Mortgage Assistance–Principal Reduction And Refinancing Opportunities On Homes That Have Lost Value

07/27/2010
By Edward McCray

Homeowners who are facing an underwater mortgage may have help available through various underwater mortgage assistance programs. The Obama Administration and the Making Home Affordable Program have been using various plans through lenders to make underwater mortgage assistance available to homeowners who are struggling. Some homeowners have been able to obtain a principal reduction...
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Small Business Loan Opportunities And Access To Credit Needed By Employers–Will Providing Financing Create More Jobs?

07/27/2010
By Edward McCray

Small businesses are still struggling for loan opportunities and access to credit which are both needed in order to expand their company, hire new workers, and over all become more productive. A small business bill is in the works and could potentially provide up to $30 billion in assistance for small businesses through community...
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Small Business Loans May Be Available If Small Business Jobs Bill Passes–Will Small Businesses Get Capital To Grow?

07/24/2010
By Edward McCray

The Senate is discussing a small business jobs bill that may promote small banks to make more loans that small businesses have been asking for over the past months. The original proposal stated that the Treasury Department would provide $30 billion to banks in the hopes of encouraging more small business lending, which is...
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Wells Fargo Homeowners Find Mortgage Assistance Through Making Home Affordable Modifications And Extension Plans

07/23/2010
By Edward McCray

Homeowners with Wells Fargo have been able to find mortgage assistance through the Making Home Affordable home loan modification programs and various extensions of this plan that offer mortgage aid as well. Many homeowners have come upon difficult financial times as of late and monthly mortgage payments have simply been beyond their means. To...
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Mortgage Foreclosure Prevention Programs From Top Mortgage Lenders–Can Troubled Homeowners Avoid Foreclosure?

07/23/2010
By Edward McCray

Foreclosure prevention programs are available to homeowners from many of the nation’s top mortgage lenders, like Citigroup, Bank of America, J.P. Morgan Chase, and Wells Fargo, and can be beneficial in helping troubled homeowners avoid foreclosure. Some homeowners have been suffering from a variety of mortgage ailments and, as a result, can simply no...
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J.P. Morgan Home Loan Modification Plans And Mortgage Aid Extension Programs From Obama HAMP

07/23/2010
By Edward McCray

J.P. Morgan Chase has been one of the top mortgage lenders in the Home Affordable Program and have seen increases in the numbers of permanent home loan modifications they made over the past months for many troubled homeowners. Also, along with other mortgage lenders, Chase has been using extension programs from the Obama Home...
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Homeowners Erase Mortgage Debt With Refinancing And Budgeting Plans–What Home Loans Are Best?

07/23/2010
By Edward McCray

Many homeowners have been seeking ways to erase their mortgage debt faster so that they can simply own their home outright. Many homeowners have faced mortgage troubles over the past months and, as result, the reality that one may lose their home has become more apparent for many homeowners and more people are now...
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