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JP Morgan Chase Has 17,959 Pending Mortgage Modifications In Making Home Affordable Program

02/22/2010
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JP Morgan Chase has seen their numbers in the Making Home Affordable rise over the last few months and with so many lenders being asked to make more permanent home loan modification, JP Morgan has reported they have 17,959 permanent home loan modifications pending. With many homeowners having troubles within the Making Home Affordable...
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Posted in Banking/Finance, Loan Modification | 7 Comments »

Long Term JP Morgan Homeowners May Look To Refinance For 30-Year Fixed Mortgage With Low Interest

02/19/2010
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JP Morgan Chase, along with other mortgage lenders are seeing an increase in the amount of homeowners looking to refinance their home mortgage loan to a 30-year fixed mortgage with a low interest rate, seeing as how mortgage rates are currently low. This option of refinancing for a low mortgage rate, in the wake...
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Saxon Mortgage Services Makes 5,312 Permanent Home Loan Modifications In January 2010

02/18/2010
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Saxon Mortgage Services has reported making 5,312 permanent home loan modifications as of January 2010.  Saxon is one of the mortgage lenders who have seen an increase in their numbers over the last few months, as well as the percentage of modifications made. When combining permanent home loan mortgage modifications and trial home loan...
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Bad Credit Secured Credit Cards—Can A Secured Credit Card Improve Your Credit Score?

02/16/2010
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Bad credit can make it difficult to get a credit card with an affordable rate.  Credit card offers are usually falling out of the sky, but if your credit has taken a hit and you are looking to improve your credit score look to a secured credit card for help rather than a high...
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Ally, Capital One, And American Express Bank Offer High-Yield Savings Accounts

02/16/2010
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In a report at mint.com, there is a list of the best, high-yield savings accounts and Ally, Capital One, and America Express all top the list ranging from 1.44% to 1.5% annual percentage yield rate.  If you are looking for a savings account, online and high-yield accounts like these may be a better option...
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Time Is Running Out For $8,000 First-Time Homebuyer And $6,500 Repeat Homebuyer Tax Credit

02/12/2010
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Time may be running short for those who are wanting to use either the first-time homebuyer tax credit or repeat homebuyer tax credit on their purchase of a home.  The program is requiring that both first-time homebuyers and repeat buyers who qualify for either tax credit are under contract for their home by the...
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Homeowners With Underwater Mortgages Look To Home Loan Modification Program For Help

02/11/2010
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Homeowners, whose mortgage is underwater, meaning they owe more than their home is worth, are looking for options to lessen the strain of having to pay a mortgage with limited or less income due to the recession.  Most often, with an underwater mortgage, a home loan modification is going to be the best bet...
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Is A Low Interest Personal Loan A Good Way To Consolidate and Get Out Of Debt?

02/10/2010
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Many people are looking for ways to get out of debt or at least lessen the strain their current debt has in their life.  One main problem with multiple debt sources is the interest rates that come with them.  Interest rates are built in to any type of repayment plan in order to make...
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Can A Secured Credit Card Build Your Credit Or Repair A Low Credit Score?

02/09/2010
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A secured credit card may be a good idea for someone just out of college who needs to build a credit score or someone who has suffered a hit to their credit and needs to repair their credit score.  However, understanding some of the basics of a secured credit card is important before you...
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Should Bank of America Homeowners Refinance Mortgage For A Lower Interest Rate?

02/08/2010
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Bank of America has the majority of mortgages in our nation in their care, but with many people falling on difficult financial times, Bank of America is seeing more and more homeowners fall into delinquency on their mortgage or default altogether. Homeowners who are in these difficult situations are looking to refinance their mortgage...
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