Citigroup saw decreases in the number alternative modifications that were offered to homeowners who were denied federal assistance from the Making Home Affordable Program according to reports that were released by the Treasury Department in October and gave us information on these particular options that homeowners have after a modification denial between June and...
Read more »
As mortgage payment difficulties remain in place for homeowners, and levels of unemployment remained quite high nationally and in some states, where we are seeing double-digit numbers, unemployment options that homeowners have on home loan payments still remain beneficial for those who qualify, as homeowners may get help through options that allow them to...
Read more »
For underwater homeowners seeking opportunities to refinance, new options recently made available have led some to question the benefits that may be gained by these individuals as there are some who feel that homeowners may not see as much aid on a wide scale as they have in the past, which has led some...
Read more »
Reports on the unemployment rate in various states as of September indicate Nevada is the state with the highest level of unemployment as the rate currently stands at 13.4%, and this has obviously led to many problems in the lives of men and women who, in some instances, are having trouble meeting debt obligations...
Read more »
The total number of trial modifications that have been offered by Citigroup have increased according to the most recent Treasury Department information we have, and while active trial modifications may vary from one servicer to another, improvements in the area of trial offers that are extended and started may indicate that homeowners who are...
Read more »
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 »
Here at the end of October homeowners with GMAC Mortgage who are pursuing a trial modification may benefit from this particular course of action but there are still issues that many homeowners have had with a variety of servicers in the area of acquiring a trial modification plan. Yet, when we look at the...
Read more »
Last week one of the major topics for underwater homeowners surrounded changes to the federal Home Affordable Refinance Program, but as this is an in-depth subject, many consumers are still looking at what may available to them, and how this particular program could potentially help if they qualify for refinancing options. Yet, what consumers...
Read more »
The Home Affordable Modification Program has seen some continued success over the past few months, as certain changes that have been implemented in the past may have made it easier for homeowners to communicate with their servicer and apply for this particular program, but when it comes to helping homeowners there are those who...
Read more »
Homeowners with J.P. Morgan Chase who are seeking out mortgage payment assistance may benefit from alternative modifications as there were reports that homeowners who did not qualify for a federal modification with Chase did see increases in the number of alternative modifications in some cases. Typically, homeowners struggle with the federal modification program when...
Read more »
