February 2009

California Governor, Arnold Schwarzenegger signed into law a 90-day moratorium on home foreclosures on Tuesday. The foreclosure freeze bill will impose a 90-day moratorium on foreclosures in the state of California.  The bill exempts lenders who have a loan modification [...]

On the verge of rolling out President Obama’s new foreclosure rescue package some politicians are squabbling over the details. To me the details seem minor, to others, namely the politicians themselves, they are, in customary form, making a mountain out [...]

Will bailouts of mortgage giants Fannie Mae and Freddie Mac ever stop? Today, Fannie Mae made public to the Securities and Exchange Commission their profit and loss statement to the Securities and Exchange Commission. Total losses at Fannie Mae for [...]

It appears that 2/3 of mortgage servicers are on board the Obama foreclosure boat has it heads to neighborhoods to rescue struggling homeowners. The boat is leaving the port very soon and the remaining mortgage hold outs will most likely [...]

Nearly 75 percent of HUD Recovery funds allocated today WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act [...]

LoanSafe Solutions and Neighborhood Assistance Corporation of America (NACA) to Provide Loan Modification Assistance to   Thousands of Homeowners Free of Charge in Columbia, SC Corona, CA (February 24, 2009) — For the second time this year LoanSafe Solutions (LSS) will [...]