Author Archive

Permanent Modifications From J.P. Morgan Chase Increase–Latest Information From HAMP Shows Improvements

11/19/2011
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Permanent home loan modifications with J.P. Morgan Chase increased between August and September and, for homeowners who are currently in the process of pursuing modification assistance, this could be positive news as it does show this particular servicer, among others is still seeing improvements in the area of permanent home loan modifications that are...
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Posted in Banking/Finance, Loan Modification | Comments Off

Balance Transfer Credit Card Rates May Be Higher For Some Cardholders–Costs Become More Of An Issue

11/16/2011
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Balance transfer credit card rates have remained somewhat unchanged over the past weeks but, depending on the average rate that a cardholder researches, but there have been some slight increases in overall averages as some cards may range anywhere between 12% to 16% or higher, yet as cardholders are not always in a position...
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Problems Job Seekers Experience That May Lead To Longer Periods Of Unemployment Or Need For Retraining

11/15/2011
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As unemployment remains at 9%, there are numerous men and women who are currently looking for a job or attempting to transition from their current employment situation to another, and in many cases are finding that this is still a difficult task despite the fact that some may have been in the workforce for...
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Posted in Business, Unemployment | Comments Off

Homeowners Missing Mortgage Payments And Falling Behind Increase But Will Problems Continue?

11/15/2011
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Reports from the third quarter have indicated that there is data to show some homeowners are falling behind on their mortgage payments as delinquencies did increase, which has given some mixed opinions to the topic of mortgage delinquency as some officials feel that these problems that recently arose in terms of homeowners missing payments...
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Repayment Plans For Debt Relief Offer Alternatives To Personal Consolidation Loans For Certain Consumers

11/11/2011
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Consumers who are struggling with debt at the present time are in a position where they are looking for repayment plans or various ways that may be specifically helpful for their financial position as it goes without saying that some consumers may face different obstacles when it comes to getting out of debt but...
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Chase Second Lien Assistance Plans See More Modifications And Extinguishments In Recent Reports

11/10/2011
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In the area of a second lien modifications by J.P. Morgan Chase, improvements were seen when it comes to these modifications plans that were started, the number of extinguishment’s that were offered to homeowners, and the number of active plans that are currently in place that may have offered some forgiveness to homeowners in...
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Changes In GMAC Mortgage Plans For Homeowners Seeking Trial Payment Aid Show Decreases

11/09/2011
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Trial modifications for GMAC Mortgage homeowners did see a slight decrease between August and September, according to the most recent Treasury Department reports released here in November, but this does not mean that homeowners who are seeking a trial modification are not finding help in terms of opportunities available for lower mortgage payment assistance...
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Personal Debt Relief Programs And Strategies–What New Information Shows About Consumers Paying Down Debts

11/08/2011
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Debt relief programs or various strategies that are used when consumers have a substantial amount of personal debt in place often vary when it comes to the type of debt a consumer has and how much debt they face, in relation to factors like income or the stability of their employment situation.  Yet, we...
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Buying A New Home For Some Leads To Affordable Options But General Increases In Homeownership Reported

11/07/2011
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In the most recent quarter it was reported that homeownership rose, which is the hopeful news for some in the housing market as there are still a great deal of vacancies in terms of homes that are sitting empty and of course foreclosures that may be on the rise in 2011 and in the...
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Consumers Struggle With Buying A Home Or Renting–Confidence Of Potential Buyers Leads To Hesitation

11/04/2011
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Currently, we are seeing rates on home loans at such levels that some are beginning to question whether renting is in their best financial interest at the current time, as some areas of the nation are not only offering homeowners opportunities to get a low rate on their mortgage, if they qualify, but home...
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