Loan Modification

Homeowner Unemployment Modification Plans Offering Lower Payment May Be Unavailable Through Traditional Programs

11/08/2011
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Over the past months we have seen inquiries into homeowner unemployment modification plans, as there are those who are currently without a job that hope to take advantage of modification options that are currently in place but homeowners may be unaware of aspects of these programs that could make traditional modification plans that offer...
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Wells Fargo Homeowners Seeking Lower Payments For Delinquency See Lower Numbers In Those Behind On Payments

11/08/2011
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Homeowners with Wells Fargo who had been looking for ways to lower their mortgage payments through the federal home loan modification program but, as a result of financial problems, have fallen into delinquency are growing smaller in number as a recent Treasury Department reports indicate that homeowner delinquency for Wells Fargo within HAMP have...
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Citigroup Trial Mortgage Assistance Programs For Homeowners See Changes Reported In Latest MHA Information

11/08/2011
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Making Home Affordable Citigroup trial modifications have reportedly seen some improvements but there are also areas where we have seen decreases as Citigroup and other servicers are seeing some areas of decline specifically when speaking of active trial modifications. However, homeowners with Citigroup who are looking for mortgage assistance do still have the opportunity...
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Help Through The Home Affordable Refinance Program Still In Question As Further Changes Are Still Proposed

11/08/2011
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More homeowners may be helped through the Home Affordable Refinance Program in the coming weeks as recent changes that have been reported on may allow more underwater homeowners to qualify for this particular type of aid, in the hopes of taking advantage of low mortgage rates currently available that may help these underwater borrowers...
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Chase Foreclosures In Making Home Affordable Program Rise For Homeowners Seeking Mortgage Aid

11/07/2011
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Here in early November the Treasury Department released data that has followed the federal home loan modification program through the month of September and, for J.P. Morgan Chase homeowners who have been seeking a modification from the Making Home Affordable Program, there was an increase in the number of foreclosure starts and completions in...
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Information In November For Bank Of America Permanent Modification Plans See Increase

11/07/2011
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Bank of America homeowners seeking permanent modification assistance or a simple opportunity to participate in a Bank of America trial modification plan may be in a position where, if they do meet certain qualifications, this can be one route of foreclosure prevention that proves successful as we have recently seen more homeowners who are...
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Recent Data From HAMP On Homeowner Bankruptcy Shows Increases For Homeowner Seeking Aid

11/07/2011
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Homeowners who have been looking for assistance from HAMP are not always in a position where they have been able to avoid problems that have arisen and successfully take advantage of mortgage payment assistance, which have led some to file bankruptcy for a variety of reasons, particularly when a substantial amount of debt has...
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Total Home Loan Modifications In Making Home Affordable Program Increase–Latest Information In November Release

11/04/2011
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Here in November we have the most recent information from the Making Home Affordable program and reports show that the total number of active permanent modifications increased between August and September for homeowners who are seeking federal foreclosure prevention assistance.  Obviously, homeowners with a variety of servicers are still looking for help when it...
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GMAC Mortgage Alternative Assistance Plans After MHA Program–Homeowners See Decreases In Latest Data

11/04/2011
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Homeowners with GMAC Mortgage who have been unable to qualify for a federal home loan assistance plan have, in some cases, had options that go beyond these programs, but when it comes to alternative modifications, data released in October from the Treasury Department indicated that these totals being tracked by various servicers did decrease...
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Chase Trial Modification Offers And Starts See Increases In Latest HAMP Data For Homeowners Seeking Lower Payments

11/04/2011
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The total number of offers that have been extended and trial modifications that have been begun by JP Morgan Chase saw improvements between July and August according to the most recent information we have concerning the federal home loan modification program, which may be beneficial news to homeowners who are currently looking for mortgage...
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