Author Archive

Bank Of America Homeowners Bankruptcy Increases For Homeowners After Seeking Assistance In Modification Program

11/02/2011
By

Homeowners with Bank of America who are seeking bankruptcy prevention assistance or who may feel that bankruptcy is their only option are being urged to look into the total opportunities available to them as simple modifications may not be the only way a homeowner can find more affordability on their mortgage payment or foreclosure...
Read more »

Posted in Banking/Finance | Comments Off

Wells Fargo Homeowner Alternative Modification Plans–Lower Numbers Seen In HAMP But Are Options Still Available?

11/01/2011
By

Reports released in October have shown that Wells Fargo saw a decrease in the number of alternative modifications made specifically for homeowners who did not qualify for a federal home loan modification plan, and this has led some to question whether there are alternative opportunities for a modification from this particular servicer if a...
Read more »

Posted in Loan Modification | Comments Off

High Interest Savings Accounts And Alternatives Have Consumers Weighing Costs Of Earnings And Fees

10/31/2011
By

Earning high interest on savings and investments is obviously the primary goal of any consumer or investor, but for those who turn to options like high interest savings accounts or alternatives like CDs and money market accounts, questions over the earnings a consumer has the potential to see, the use of a particular savings...
Read more »

Posted in Banking/Finance | Comments Off

Debt Repayment Through A Consolidation Loan Considered By Consumers But Are Delinquencies A Problem?

10/28/2011
By

Debt repayment strategies by consumers often differ and we have seen some who are still sticking to consolidation loans as a way to group all of their debts together and potentially get a more affordable monthly payment, particularly if these individuals qualify for a low rate on a consolidation loan. Personal loans for consumers...
Read more »

Posted in Banking/Finance | Comments Off

Home Loan Payment Delinquencies Rise For Freddie Mac Homeowners But Will Standard Modification Plan Help?

10/27/2011
By

It was reported that homeowners with the Freddie Mac saw increases in certain types of delinquencies as the delinquency rate for single-family homes increased, but there was a slight decrease in the multifamily delinquency rate between August and September. However, for these homeowners with Freddie Mac who are struggling with delinquency, officials are pointing...
Read more »

Posted in Loan Modification | Comments Off

Credit Assistance From Experian May Offer Accesses To A Credit Score But Some Question Helpfulness

10/27/2011
By

Many consumers who are in a position where they are in need of a more positive credit score are often looking for ways to find information that will help them when it not only comes to getting their credit report and credit score, but ways that they may be able to implement certain practices...
Read more »

Posted in Banking/Finance | Comments Off

Home Prices Drop Leading To Further Negative Equity Problems But Helpfulness Of Refinancing Options Questioned

10/26/2011
By

Recently we have seen decreases in home prices as the Federal Housing Finance Agency reported here at the end of October that the US house price index fell for the month of August, and this has created a situation where more homeowners may be seeing a decline into negative equity and seeking a way...
Read more »

Posted in Banking/Finance, Real Estate | Comments Off

GMAC Mortgage Homeowner Delinquency Problems See Increase In Those Who May Qualify For Federal Assistance

10/25/2011
By

Here in late October we are seeing some consumers finding it difficult to meet certain loan payments and continued issues have been in place for homeowners who are still facing delinquency, as we have seen from various reports that there are certain servicers who are seeing increases in the number of homeowners who are...
Read more »

Posted in Banking/Finance, Loan Modification | Comments Off

Small Business Loans From Credit Unions Provide Alternate Borrowing Options But Why Are Cap Increases Opposed?

10/25/2011
By

Business owners who are finding it difficult to acquire a small business loan from a traditional bank at times turn to alternatives like credit unions as a way to get the funding they may need and potentially work with them to build a relationship that is with a local institution and potentially offer added...
Read more »

Posted in Business | Comments Off

Changes In Credit Score Information May Lead Potential Homebuyers To Improve Their Credit To Buy A Home

10/24/2011
By

Consumers who have faced foreclosure or financial setbacks are in a position where their credit score has obviously taken a hit as we are seeing delinquencies increase and even late payments on credit cards rise, all of which can lead to lower credit scores for consumers, like those who may be potentially in a...
Read more »

Posted in Banking/Finance | Comments Off