by Moe Bedard
If you are a borrower that is facing a Countrywide Foreclosure, there is help for you. You can try calling the loss mitigation and home retention department, its’ called Countrywide’s HOPE. They will work with borrowers that have had financial hardships or their ARM has adjusted and they can no longer afford the payments.
The best [...]
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by Moe Bedard
The Securities and Exchange Commission has decided that servicers of mortgage-backed securities can start immediately performing loan modifications of subprime loans that may be headed for foreclosure without suffering adverse accounting consequences.
This is great news to borrowers that are trying to stop foreclosure because the SEC controls how and what loan servicers can do in [...]
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