Loan Modification

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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State Reaches $125M Settlement with Mortgage Company

(Source: Boston Herald By Donna Goodison) – Some 5,500 Massachusetts homeowners will be eligible for loan modification relief as part of a $125 million settlement announced today that resolves allegations of unfair and discriminatory subprime lending practices by the mortgage [...]


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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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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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4 Arrested In Mortgage Modification Scam

MIAMI (Source: Local10) – Four members of a Miami company were arrested, accused of stealing $750,000 from hundreds of clients in a mortgage modification scam.


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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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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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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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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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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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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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New Foreclosure Prevention Law Takes Effect

(Source: kuow) – The state’s new Foreclosure Fairness Act takes effect today (Friday). It requires that distressed homeowners be given the chance to seek mediation before banks can foreclose. Housing counselors say their phones are ringing off the hook as [...]


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State Homeowners Gain New Rights When Facing Foreclosure

(Source: KPIU By Bellamy Pailthorp) – Starting tomorrow, struggling homeowners in Washington have new rights.


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Q&A: Deed In Lieu Of Foreclosure Saves Time As a Last Resort

(Source: South Florida Sun-Sentinel) – QUESTION: Can you please explain what a deed in lieu of foreclosure is and how it works?ANSWER: In a deed in lieu of foreclosure, you surrender your home to the lender to avoid the hassle [...]


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Mediation Efforts Fail To Stem Foreclosure Tide

PRINCE GEORGE’S COUNTY, Md. (Source: MSNBC By Kat Aaron and Mary Kane) — On a hot summer evening, two second-year law students are trudging through the leafy neighborhoods of suburban Prince George’s County, knocking on doors. Toting stacks of fliers, [...]


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Free Legal Clinic On Loan Modification Fraud In The Central Valley

LOS ANGELES (Source: Asian Journals) – The Asian Pacific American Legal Center (APALC), a member of Asian American Center for Advancing Justice, and Fresno Center for New Americans, will provide a free legal clinic on pre- and post-foreclosure rights and [...]


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McGraw Files Suit Against Calif. Loan Modification Co.

CHARLESTON — West Virginia Attorney General Darrell McGraw’s office has taken action against a California-based company for alleged fraudulent loan modification claims.


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17 News Investigation: Homeowner Challenges Bank

(Source: 17KGet) – A Bakersfield homeowner is taking on a bank, in a battle that could have sweeping implications for people facing foreclosure.


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Chase Opens Homeownership Center Near Fort Hood

KILLEEN, Texas, Jul 20, 2011 (Source: MarketWatch) – Continuing its support of military personnel and their families, Chase has opened its newest Homeownership Center near Fort Hood to provide one-on-one help for homeowners struggling with their mortgage payments.


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Mortgage Payment Help Available in Montana

MISSOULA (Source: KPAX by Angela Marshall) – There’s help available for Montana homeowners who are struggling to make their mortgage payments. However, they first must meet some qualifications to be eligible for the assistance.


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Commercial Loan Modifications Possible

(Source: The Arizona Republic by J. Craig Anderson) – It’s entirely possible for struggling commercial-property owners to obtain a loan modification, according to Kevin Kopp of 1st Service Solutions, a commercial-foreclosure-prevention firm. The problem is that most commercial-mortgage borrowers don’t [...]


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