Posts tagged as:

neighborhood works

National campaign to combat mortgage fraud kicks off in the Bronx

by Moe Bedard

If it’s too good to be true – it probably is.

That was the message from Mayor Bloomberg and other officials Thursday as they kicked off a national campaign in the Bronx to combat mortgage fraud.

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Loan Modification Help: A dream come true or just more nightmares?

by Moe Bedard

They were designed to keep homeowners off the streets.  Loan modification programs can change the terms of a borrower’s mortgage in various ways, with the goal being more manageable payments.  However, some say the programs can be more of a hassle than help.

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Loan Modification Myths and Facts

by Moe Bedard

There are a lot of myths surrounding lenders and servicers as to what they will and will not do during the loan modification process. 
The confusion and inaccurate data that is propagating the internet and the news is based on ill-informed bloggers or journalists who really have no idea what is going on in the loss mitigation arena. This [...]

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Hope Now = Hopeless for Many

by Moe Bedard

I have been saying this from day 1, Hope Now is a joke and if the American people think that these guys “truly” have your best interests at heart, well then, you may be on the street soon with the other 1 million people that have been kicked out of their homes by the very [...]

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Please call 995 Hope if you want to get screwed by your lender, again!

by Moe Bedard

Let’s get one thing clear here, 995 Hope  is funded and supported by mainly banks and lenders. Not consumer rights activists, not Bill Gates and certainly not Warren Buffet.
The very banks and lenders that sold you the toxic loan that has caused you some serious stress and grief, are now posing as Hope Now ”do gooders” by giving millions [...]

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Non-Profit Mortgage Brokers Have Begun Their “Secret” Attack on the Mortgage Industry

by Moe Bedard

The era of the non-profit mortgage broker has begun and it looks like the non-profit armies are rounding up the troops for battle.
I know, I know, for profit loan officers and brokers are saying, “Yeah, right! They can’t do what we can do? They are not has smart as we are and how can they help [...]

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NeighborWorks America to administer a $180 million national mortgage foreclosure mitigation counseling program

by Moe Bedard

FORECLOSURE PREVENTION COUNSELING EFFORTS RECEIVE BOOST FROM
$180 MILLION APPROPRIATION

NeighborWorks® America Selected to Award Grants to Approved Intermediaries
 WASHINGTON, D.C. – Today NeighborWorks America announced that it was named in the FY2008 Consolidated Appropriations Act to administer a $180 million national mortgage foreclosure mitigation counseling program.
Under the legislation, NeighborWorks America (formally the Neighborhood Reinvestment Corporation) will make [...]

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Please do not call 888-995-HOPE for Hope Now, if you are not late on your mortgage

by Moe Bedard

This is from the lips of a nice woman that answered the 888-995-HOPE foreclosure prevention hot line. “If you are not late on your mortgage, there is nothing we can do to help you. You have to be “late” for us to assist you.”
Wow, talk about a mixed and convoluted message to struggling homeowners.
You can’t be late, oh [...]

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995 HOPE

by Moe Bedard

Do NOT Call 888-995-HOPE for help! Read on to learn why.
Read this investigative news piece by CNBC - 
 The government’s flagship 995 Hope program to give struggling homeowners relief from overwhelming mortgage payments has left hundreds if not thousands of callers frustrated by long wait times, lack of follow-up and relatively minor loan modifications that have [...]

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