Loan Modification News

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Wells Fargo to Help Atlanta Customers Facing Mortgage Payment Challenges

ATLANTA, Sep 06, 2011 (Source: MarketWatch) — Wells Fargo & Company WFC -2.85% announced today it is hosting a free Home Preservation Workshop in Atlanta for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity […]


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Bank of America Event Offers Help to Customers at Risk of Foreclosure

(Source: By Sarah Portlock / The Star-Ledger) – Don and Peggy Roeske have been trying to get some help with their Bank of America mortgage for more than three years. Five years ago, they refinanced and, a year later, they […]


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Multi-Party Suit Filed By Homeowners Against Bank of America Et Al

Roseville, California (Source: San Francisco Chronicle) – On Wednesday August 17, 2011, United Foreclosure Attorney Network (UFAN) filed suit in Superior Court in Sacramento, CA (case number 34-2011-00109314) on behalf of over 100 homeowners against Bank of America and others […]


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Ranger Man Files Suit Against Chase Over Mortgage

HAMLIN (Source: WV Record By Harmon Marks) – A Ranger man says his need of a loan modification resulted in abusive home mortgage servicing by Chase Home Finance.


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Hardest Hit Mortgage Modification Program Gets 1,140 Treasure Coast Applications, 61 Approved

(Source: TC Palm By Nadia Vanderhoof) – The Florida Hardest Hit Fund was created to assist those struggling to pay their mortgage because of a financial hardship, but Treasure Coast real estate experts say numbers show the program isn’t doing […]


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Florida Congressman West Meets With Ocwen’s Loan Modification Specialists to Help At-Risk Homeowners

(Source: OCWEN) WEST PALM BEACH, FlORIDA- Congressman Allen West (FL-22) met last week with top executives and call center representatives of Ocwen Financial Corporation (“Ocwen” or the “Company”) , a mortgage servicing organization that is working to modify the loans […]


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On Shaky Financial Ground? 3 Reasons Why Loan Modifications Won’t Solve Your Problems

(Source: Fox News By Bob Massi) – Let’s assume you live in one of the geographical areas hardest hit by the home mortgage crisis. The economic boom that your lender assured you would continue to boost the value of your […]


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Homeowners Need Help

(Source: New York Times) – Neither Congress, nor federal regulators, nor state or federal prosecutors have yet to conduct a thorough investigation into the mortgage bubble and financial bust. We welcomed the news that the Justice Department is investigating allegations […]


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Frustrated Homeowners Say They Got Roadblocks, Not Help

DETROIT (Source: The Detroit Free Press By JENNIFER DIXON) – Kim Orsi’s bank told her she needed to earn more money to qualify for a federal loan modification program. So she started a pet-sitting business, only to be told she […]


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Fannie Mae Admits Pushing for Foreclosures Instead of Loan Modifications

(Source: The Bryan Ellis Real Estate Letter by Carole VanSickle) – In a move that local government officials throughout Michigan are describing in terms of being “disgusting…[but] not news,” Fannie Mae has released papers and internal memos indicating that the […]


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Persistence Pays Off After 18 Months of Faxes and Late Fees

(Source: The Detroit Free Press) – For 18 months, saving the little house on the slab foundation and her organic garden became Ann Damon’s full-time job.


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Homeowners Share Their Frustrations: We Got Roadblocks, Not Help

(Source: Detroit Free Press By JENNIFER DIXON) – Kim Orsi’s bank told her she needed to earn more money to qualify for a federal loan modification program. So she started a pet-sitting business, only to be told she made too […]


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Revisiting the Legacy of HAMP in a Great Contraction World

(Source: Seeking Alpha) – It looks like the term “Great Contraction” is taking off to describe the debt overhang problems in the economy. Here’s Kenneth Rogoff with a commentary piece titled The Second Great Contraction:


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B of A Settles With HUD, Hosts Modification Seminar

(Source: San Diego Reader By Dave Rice) – Last week Bank of America, one of America’s largest home loan servicers after its acquisition of Countrywide Financial in 2008, entered into a settlement agreement with the federal Department of Housing and […]


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Under New Rules, Loan Modification Won’t Protect You From Foreclosure

(Source: By Donna Gehrke-White Sun Sentinel) – Many South Florida homeowners facing foreclosure may believe getting a preliminary loan modification offer from their lender will save them from losing their home. But, in fact, new rules approved by Fannie Mae […]


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BofA to Meet with Distressed San Diego Clients

(Source: Sign on San Diego by Lily Leung) – Bank of America officials are promising face-to-face time this week to San Diego homeowners who are behind on their mortgage payments.


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Under New Rules, Loan Modification Won’t Protect you From Foreclosure

(Source: By Donna Gehrke-White, Sun Sentinel) – Many South Florida homeowners facing foreclosure may believe getting a preliminary loan modification offer from their lender will save them from losing their home. But, in fact, new rules approved by Fannie Mae […]


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Servicers Offer Loan Mod Help Center Faster Loan Modification Decisions

(Source: LoanSafe.org By Michael Nazarini) – Working in conjunction with loan modification and disposition analysis software custom created for RESTReportMatters.com, LoanModHelpCenter.com has begun processing loan modifications and short sales with servicers to achieve faster and more efficient answers to loan […]


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Beware Loan Mod Fraud

(Source: NBC Bay Area News) – Alameda County District Attorney Nancy O’Malley and other  prosecutors around the state warned the public Tuesday to watch out for loan  modification frauds that prey on distressed homeowners, including scams that  target Latino homeowners.


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Bend Soldier Back Home Amid Foreclosure Furor

BEND, Ore. (Source: By Joe Burns, KTVZ.COM) – It was a bittersweet, even ironic “homecoming” day for Bend resident Tim Collette who’s home is in foreclosure. His son, Aaron, arrived back home on leave from a tour of duty in […]


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New State Law Targets Deceptive Loan Mod Practices

(Source: Komo News By Connie Thompson) – Say goodbye to the bureaucratic bank run around when you’re trying to save your home from foreclosure.


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36th Free Wells Fargo Home Preservation Workshop in Chicago Aug. 17-18, 2011

CHICAGO, Aug 08, 2011 (Source: Market Watch) — Wells Fargo & Company WFC -2.37% announced today it is hosting its 36th free Home Preservation Workshop in Chicago on August 17 -18, 2011 for Wells Fargo Home Mortgage, Wells Fargo Financial, […]


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West Palm Beach Firm Rolls Out a New Loan Modification for Underwater Borrowers

WEST PALM BEACH (Source: By Kimberly Miller Palm Beach Post) — Lenders have long resisted cutting loan amounts for struggling homeowners, fearing it would entice more borrowers to default.


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New Jersey Division of Consumer Affairs Pursues Fraudulent Loan Modification Providers While Seeking Help for the Victims

NEWARK, NJ – August 3, 2011 – (Source: Associa) — Continuing the State’s on-going efforts to thwart fraudulent “mortgage loan modification” enterprises, Attorney General Paula T. Dow and the State Division of Consumer Affairs filed administrative actions against seven businesses […]


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Free Homeowner Counseling Event in San Diego on August 13th

(Source; LoanSafe.org by Alex Ferreras) – For those who need instant help to get a loan modification, or just need a professional to help you find solutions to save your home, this event will offer that assistance.Register ASAP and mark […]


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New Federal Loan Modification Program Begins Monday to Help Unemployed

(Source: By Donna Gehrke-White Sun Sentinel) – The Obama Administration began a new policy Monday to give unemployed homeowners with FHA loans a break on part or all of their mortgage payments for up to 12 months.


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U.S. Watchdog: Treasury Must do More on Mortgages

WASHINGTON -(Source: MarketWatch By Alan Zibel)- An independent federal watchdog on Thursday questioned whether the Obama administration has done enough to punish mortgage companies for poor performance in its main loan-assistance program.


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Rejected Homeowner Threatens Lender Lawsuit Litigation, Receives $115,000 Principal Reduction Through CPAC Non Profit Law Clinic

(SOURCE: CPAC Non Profit Law Clinic) – Non Profit Law ClinicAfter years of failed Loan Modification attempts, before starting Lender Lawsuit Litigation, John and Elizabeth Canahui were counseled by CPAC Non Profit Law Clinic who performed a Lender Fraud and […]


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Interfaith Group Hosts Loan Modification Event

(Source: DaleCityPatch By Nathan Curby) – A faith-based group is trying to help Prince William County residents who are struggling with their mortgages renegotiate with their lenders.


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Cuccinelli Settles With Loan Modification Company

RICHMOND, Va. (Source: Legal Newsline BY BRYAN COHEN) – Virginia Attorney General Ken Cuccinelli announced last Monday that his office has reached a settlement with a Virginia Beach, Va.-based mortgage loan modification company.


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