Loan Modifications

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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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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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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Filipino Homeowners Get Principal Reduction Relief

UNION CITY, California (Source: by Henni Espinosa, ABS-CBN North America Bureau) – Amy and Peter Asi, who lost both their jobs in 2009, almost gave up on their home. For two years, they had asked their lender, Wachovia, to modify [...]


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Banks Offer Homeowners a Chance

(By RICK ROTHACKER McClatchy Newspapers) – After medical problems and a lost job, Edwin Garcia has struggled to stay current on his mortgage in recent years.


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Owner of O.C. Mortgage Company Sought in Loan Modification Scam

(Source: Los Angeles Times) – Authorities are seeking the owner of a Costa Mesa mortgage company who is charged in a large loan modification scam that targeted out-of-state victims, some of them elderly.


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BofA to Open Loan Modification Center in Colton

(Source: Daily Bulletin Andrew Edwards, Staff Writer) – Bank of America has announced plans to open a specialized counseling center this month in Colton to assist homeowners on the brink of losing their homes.


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Miami leads cities in reports of mortgage modification fraud

(Source: Miami Harold) – South Florida’s high-level of housing distress and large population of minorities combine to make it a nation-leading hotspot for fraudsters offering mortgage modification scams, a new report shows.


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