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Home Affordable program

The birth of a loan modification: It’s an approval!

by Moe Bedard

Mack-Westrom believes KALW’s coverage contributed to the positive outcome. He says a couple days after our story aired, he got a call from a Chase representative saying she had seen his name in association with the bank.

MACK-WESTROM: And she called expressing interest in the file, and just straight offered to work with me through the [...]

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Analysis of Potential Loan Modification and Refinance Standardization

by Moe Bedard

By Moe Bedard
Over the last month there have been incredible developments in federally subsidized and incentivized loan modifications, refinance programs and the mortgage cramdown bill. Today, Bank of America announced that it will begin refinancing mortgages up to 105% of a home’s value, part of the Home Affordable program. Moreover, Bank of America also indicated [...]

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