ATLANTA, Sep 06, 2011 (Source: MarketWatch) — Wells Fargo & Company WFC -2.85% announced today it is hosting a free Home Preservation Workshop in Atlanta for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity [...]
(Source: Daily Mail Online By Chris Brooke and Becky Barrow) – Cash-strapped homeowners are being telephoned by their banks and told to cut spending on ‘luxuries’ – or risk losing their homes.
(Source: By Sarah Portlock / The Star-Ledger) – Don and Peggy Roeske have been trying to get some help with their Bank of America mortgage for more than three years. Five years ago, they refinanced and, a year later, they [...]
(Source: USA Today By Julie Schmit, USA TODAY) – Short sales are increasing as a percentage of home sales in many states, helping some neighborhoods and homeowners avoid the more devastating impacts of foreclosures. Short sales — when lenders allow [...]
(Source: Chicago Tribune Mary Ellen Podmolik) – Are short sales getting easier?
(Source: San Francisco Chronicle) – Homes nearing foreclosure accounted for 12 percent of total sales in the second quarter, as banks agreed to more sales at prices below the mortgage balance, RealtyTrac Inc. said Thursday.
(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 [...]
(Source: Bloomberg By Dan Levy) – U.S. homes nearing foreclosure accounted for 12 percent of total sales in the second quarter as banks agreed to more transactions at prices below the outstanding mortgage balance, RealtyTrac Inc. said.
(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 [...]
(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 [...]
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 [...]
(Source: My Desert Brad Schmett) – Before you get too excited over the prospect of buying that La Quinta short sale property you found online, pick up the phone and call your real estate agent. He or she needs to [...]
(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.
(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:
(Source: San Diego Reader By Dave Rice) – Last week Bank of America, one of America’s largest home loan servicers after its acquisition of Countrywide Financial in 2008, entered into a settlement agreement with the federal Department of Housing and [...]
(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 [...]
(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 [...]
(Source: LoanSafe.org By Michael Nazarini) – Working in conjunction with loan modification and disposition analysis software custom created for RESTReportMatters.com, LoanModHelpCenter.com has begun processing loan modifications and short sales with servicers to achieve faster and more efficient answers to loan [...]
(Source: The Boston Globe by Rona Fischman) – Mike wrote to me with a question that is on the mind of anyone who owns a condo in a building where there is a short sale or foreclosure.
(Source: By GARY M. SINGER Sun Sentinel) – Question: My townhome has lost about 25 percent of its value. I’m barely managing the payments. Similar homes in my complex are renting at less than half of what I am paying [...]
(Source: UPI) – Short sales will remain strong for the next several years as foreclosure inventories timelines grow even longer, according to the chief operating officer of Equator, a premier software platform for default servicers.
CHICAGO, Aug 08, 2011 (Source: Market Watch) — Wells Fargo & Company WFC -2.37% announced today it is hosting its 36th free Home Preservation Workshop in Chicago on August 17 -18, 2011 for Wells Fargo Home Mortgage, Wells Fargo Financial, [...]
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.
(Source: Mail Tribune By Greg Stiles) – Darrell Potter had one burning question when he and his wife met with a team of mortgage adjustment professionals Wednesday.
(Source: By Donna Gehrke-White Sun Sentinel) – The Obama Administration began a new policy Monday to give unemployed homeowners with FHA loans a break on part or all of their mortgage payments for up to 12 months.
(Source: KPSP Local 2) – It’s a major victory for California homeowners, who are underwater in their 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.
(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.
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.
WASHINGTON, Jul 26, 2011 (Source: MarketWatch) — Ocwen Financial Corporation OCN -0.61% , servicer of residential mortgages, has initiated a loan modification program designed to help distressed homeowners who owe more than their houses are worth and, at the same [...]
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