Author Archive

Home Sales See Mixed Results In Some Areas But Starts On Homes See Improvements In Latest Reports

10/24/2011
By

Here in October we have seen mixed results in the area of housing as some reports have indicated that home starts increased in September and, in some areas, home sales also increased last month, but some areas of the nation saw decreases in existing home sales, which when taken as a whole paint a...
Read more »

Posted in Real Estate | Comments Off

Customers Seek High Interest Rates On Checking Amid Fee Increases But Are Favorable Rates Still In Place?

10/21/2011
By

As debit card fee increases remain an issue that many banking customers are focusing on, there are consumers who are thinking of switching gears entirely and relocating their banking business from one institution to another, and specifically when we look at checking accounts, these consumers are looking for the high interest rates on their...
Read more »

Posted in Banking/Finance | Comments Off

Foreclosure Alternatives Programs With JP Morgan Chase Sees Improvements And Offers Continued Underwater Assistance

10/21/2011
By

Alternatives to foreclosure from J.P. Morgan Chase, specifically short sales and deed in lieu of foreclosure plans, saw improvements within the federal Home Affordable Foreclosure Alternatives initiative between July and August, as homeowners with Chase saw increases in not only these agreements that have been started but the number that had been completed as...
Read more »

Posted in Banking/Finance, Real Estate | Comments Off

Impacts Of Long-Term Unemployment Lead To Financial Distress For Workers But Help May Be Available For Some

10/20/2011
By

It goes without saying that an unemployment rate that is stuck at 9.1%, particularly in instances where unemployment has been a long-term problem for some, is leading to continued financial problems for various consumers, and these issues have bled into numerous areas of the lives of these long-term unemployed men and women. Areas such...
Read more »

Posted in Loan Modification, Unemployment | Comments Off

GMAC Mortgage Second Lien Modification Program Sees More Homeowners Helped In Latest Reports From HAMP

10/19/2011
By

Second lien modifications from GMAC Mortgage saw improvements in reports released here in October, which has tracked data through the month of August for homeowners who have been successful at qualifying for and receiving one of these modified payment term arrangements on their second mortgage. Not all homeowners are seeing success when it comes...
Read more »

Posted in Banking/Finance, Loan Modification | Comments Off

Private Options For Homeowners Seeking A Fixed Rate Modification See Continued Improvements

10/18/2011
By

Private modifications has been used by homeowners as an alternative to the federal mortgage payment assistance initiative, which was originally begun as a way to help homeowners who were having trouble with mortgages, specifically adjustable rate home loans, as a way to help move these homeowners into a more affordable fixed-rate mortgage payment plan...
Read more »

Posted in Banking/Finance, Loan Modification | Comments Off

Short Sale And Deed In Lieu Options From Bank Of America HAFA Program See More Transactions For Homeowners In Need

10/18/2011
By

Bank of America’s participation in the Home Affordable Foreclosure Alternatives Program continues to offer assistance to homeowners through short sale or deed in lieu of foreclosure plans as there are still many individuals who are looking into these types of options when it comes to getting out of their home loan requirement when negative...
Read more »

Posted in Banking/Finance, Loan Modification, Real Estate | Comments Off

Cash Out Home Loan Refinancing Considered By Homeowners To Pay Off Debts–Why Homeowners May Not Benefit

10/18/2011
By

For some consumers we have seen indications that debt relief has become a main priority as spending, credit card use, in other areas of consumer financing may have some worried about their ability to honor debts and, as a result, consumers are simply looking for ways to get out of debt and save more,...
Read more »

Posted in Banking/Finance, Real Estate | Comments Off

Getting Mortgage Forgiveness On Home Loan Principal Remains A Focus Amid Predictions Of Price Decreases

10/17/2011
By

Predictions for the housing market in terms of home prices remains quite grim as there are some officials and organizations that believe prices could not only dip further to the end of 2011 but there may be some decreases in the early part of 2012 as well, which may leave some homeowners in a...
Read more »

Posted in Banking/Finance, Real Estate | Comments Off

High Yield Savings Accounts May Offer More Earnings For Customers But How Are Consumers Using These Plans?

10/17/2011
By

In the world of savings it’s obvious that a high-yield on an investment will be optimal for any banking customer and any consumer who may have a checking or savings account is in the market for the best possible rates they can get in terms of interest, but how consumers are combating current conditions...
Read more »

Posted in Banking/Finance | Comments Off