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House Passes Comprehensive Housing Package

Washington, DC - The U.S. House of Representatives today passed the most comprehensive response yet to the American mortgage crisis.  The American Housing Rescue and Foreclosure Prevention Act (H.R. 3221) responds directly to the current crisis facing middle class Americans while providing the tools to prevent a repeat of these problems.  The legislation combines a [...]

Popularity: 2% [?]

FHA to Handle Foreclosure Crisis

It looks like the brunt of the foreclosure problems in our country will rest on the shoulder of the Federal Housing Administration - FHA.
All the key players in the housing and mortgage crisis plus the democratic presidential candidates have all agreed that there will be no new agency created to deal with the national foreclosure crisis.
House financial [...]

Popularity: 1% [?]

Mortgage brokers are still committing fraud & submitting bad loans = Business as usual

By Poppy (30 year mortgage industry veteran/senior underwriter) 
It has been a long, difficult and contentious day….between the Brokers, AE’s and Processors, none of whom appear to know that there are two “g’s” let alone a “t” in mortgage.  It leaves one not sure whether to be so angry as to find them all and pound some [...]

Popularity: 2% [?]

We are looking for Countrywide borrowers that are in unaffordable and predatory loans

We are looking for Coutrywide borrowers that are stuck in a mortgage that is unaffordable or predatory. We want to help you fight back against Countrwyide Home Retention Department and make them fix your mortgage with a loan modification.

If you are having no luck in obtaining help from Countrywide, the we want to hear from you. We want to [...]

Popularity: 26% [?]

The FHA Secure Bait and Switch - FHA Clearly Violates Truth in Advertising Laws

By Moe Bedard 
“Thousands Have Switched to FHASecure to Keep Their Homes - Why Not You?” - FHA Website
“only 266 such borrowers have cleared all FHA hurdles, according to data compiled by the Department of Housing and Urban Development that was provided to Reuters” - Reuters
“In only the first 4 months of FHASecure, more than 40,000 households [...]

Popularity: 10% [?]

Countrywide Home Retention Department - My 16 week loan workout with Countrywide

This is a post in my forum at LoanSafe.org from a struggling homeowner. I thought I would showcase these every now and then on my blog so people can see the troubles that homeowners face when they reach out to the Countrywide Home Retention Department for help.
Submitted by Andrea;
This is my first post on this forum [...]

Popularity: 25% [?]

Safe Loan Modification Service

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    • sincitykim - FDIC is handling the workouts for Indymac. You might talk to someone there, they've reported helping over ...
      darla | 7Oct08 | More
    • Me and my family are one of those middle class families who wishes to keep our home but have not ...
      jmitchell39 | 7Oct08 | More
    • Why does it seems as if everyone is trying to blame the demise of the housing market on the underclass ...
      jmitchell39 | 7Oct08 | More